With rent and mortgage payments encompassing almost half of one’s earnings in Massachusetts, it is becoming increasingly harder – and in some cases impossible – for residents to have financial stability.
While starter homes across the nation are getting more affordable, the same can not be said for those in Greater Boston.
Local home flippers are out-earning their peers in other parts of the country, but their raw profits represent a much smaller share of their projects’ final sale prices.
If the state’s housing supply doesn’t also get a significant boost, some worry that a pulse of new aspiring homebuyers might only send demand – and thus prices – higher and higher.
In August, prices continued to rise but so did sales, signaling that the demand is there in the single-family market.
While prices continue to rise in New England, owning a home might be more affordable than renting for some.
The housing crisis has gone national, spreading from Boston and a few other blue cities to states and markets across the country. And along the way, it is helping poison the nation’s political mood by deferring or killing the dreams of a generation.
The statewide median home sale price jumped by double-digits last month following a resurgence in buyer interest this fall, according to new data, even as a prominent Realtor group noted an uptick in price reductions in recent months.
New research from real estate data firm ATTOM Data Solutions suggests that home-sellers in Massachusetts are continuing to enjoy substantial returns.
Booms and busts are a natural part of capitalism, but there’s something rather perverse about this particular bust.
The share of Boston-area home listings with price cuts may be much less than the same months in 2018 and 2019, but the size of the reductions are like nothing seen in the last five years.
A new report from brokerage and listings portal Redfin suggests homebuyer competition took a nosedive in Greater Boston between June and July – but it’s still stronger than in many metros.
With demand from people relocating to more sun-drenched markets thanks to an ability to work remotely already fading, many Sun Belt metros face a growing risk of seeing a downturn in their housing markets, according to a new analysis. Not so in Greater Boston.
U.S. home prices jumped by a record amount in June as homebuyers competed for a limited supply of available houses, the latest evidence that the housing market remains red-hot.
An opportunity for first-time buyers to find houses priced below market value is presenting itself in a number of places across the country – so long as they’re not looking in much of Greater Boston.
To succeed in a declining market, focus on generating more buyer leads. You must also aggressively price your listings slightly below market value, or your sellers will end up “chasing the market down.”
A new study from Redfin has found Boston’s housing market is at a middling risk of declining prices or other negative impacts in the event of an economic slowdown.
If at-large Boston City Councilor and possible mayoral candidate Michelle Wu’s critiques of New England Development’s project next to the Boston Landing commuter rail station in Allston seem unreasonable, we have some unfortunate news for you.
A new report by housing finance company Unison has found it would take the median Boston household 30 years to save up for a traditional 20 percent down payment on a new home.
The beginning of this month may have marked a turning point in the unending river of optimism about home price appreciation in Greater Boston.
