Worcester, Boston Remain Sellers Markets Despite Nationwide Shift
While nationwide the market is shifting towards buyers, in New England sellers still have the upper hand due to a lack of inventory.
Mortgage Rates Hit Highest Level in Eight Weeks. What Gives?
Mortgage rates have been climbing in recent weeks following a spate of encouraging reports on the U.S. economy, including a hotter-than-expected September jobs report and a snapshot of consumer prices.
While Pending Sales Plateau Nationwide, Boston Sees Uptick
Pending home sales plateaued for the first time since January but in Greater Boston, they increased at one of the highest rates in the country.
Boston Home Flippers Saw More Money, Smaller Profits Than Peers
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.
Boston Among Metros With Lowest Housing Turnover
When Greater Boston residents buy a home, they tend to stay in it a lot longer than their peers in other American metros, a new Redfin analysis says.
Boston at ‘Moderate’ Risk of Housing Bubble
According to a new report from UBS, the Greater Boston for-sale housing market ranks ninth in a ranking of global cities’ housing markets.
How the Federal Reserve’s Half-Point Rate Cut Will Impact Boston Real Estate
The Federal Reserve on Wednesday cut its benchmark interest rate by an unusually large half-point, a dramatic shift after more than two years of high rates helped tame inflation but that also made borrowing painfully expensive for American consumers and businesses.
Mass. Home Sales Were Slow to Rise in August
In August, prices continued to rise but so did sales, signaling that the demand is there in the single-family market.
Jan. Home Sales Showed Little Sign of Improvement
With home sales effectively flat across the state last month, January offered few signs of encouragement that the 2024 housing market will be a significant improvement over last year’s.
Fannie, Freddie Economists Predict Only Small Uptick in Home Sales
The big mortgage rate drops that are helping the real estate industry ring in the new year shouldn’t be taken as a sign that home sellers will come out of the woodwork in 2024, the top economists at two mortgage market heavyweights say.
Single-Family Prices Jumped 10 Percent in October
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.
Boston Home Sellers Offer Fewest Concessions in Nation
A new survey of Redfin agents finds that Greater Boston’s housing market could be the most competitive in the country, at least by one measure.
Homebuyer Competition Returns with Spring
Many market observers believe Massachusetts is headed for another spring of multiple offers and waived contingencies, thanks to how still-high interest rates have stabilized in recent weeks.
Redfin Researchers: Worcester Market Holding Up Better than Boston
Economists at combined listings portal and brokerage Redfin say Worcester’s housing market appears to be holding up better than Boston’s amid a range of stressors as the spring housing market opens.
Boston Barely Broke Even on Migration in 2022
A new analysis of U.S. Postal Service address-change data by the National Association of Realtors shows the Greater Boston area saw an uptick in migration last year, while moves to Greater Worcester slowed down notably.
Where’s the Housing Market Headed? Predictions Run the Gamut
Prominent economists across the real estate world are turning out their predictions for the new year, and some have New England markets in their lists of top performers for 2023. But uncertainty over the economy’s direction has created an unusually broad spread among this season’s forecasts.
Down Payments Double, Affordable Square Footage Shrinks
Two new reports underscore the affordability challenges buyers face in today’s housing market.
Analysis Says Boston Well-Insulated from Potential Housing Crash
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.
Redfin, Compass Announce Major Layoffs
Two of the biggest-name brokerages that sought to challenge the established hierarchy of residential brokerages announced major layoffs Tuesday as buyer frenzy cooled nation-wide.
Boston’s Famous Skinny House Sells for a Fat Price
The home in the city’s North End hit the market for $1.2 million in August, and the deal was closed Sept. 16 for $1.25 million.
