Cape Sees Rise in New Listings, Bucking Recent Trend
Cape Cod has seen a surprising bump in new home listings, kindling hope that the era of ever-declining inventory might be coming to a close – at least in Barnstable County.
More Homes Needed for Affordability Impact
In the Cape Cod market, and across Massachusetts, inventory and interest rates are likely to continue to be the biggest challenges encountered by both buyers and sellers.
No September Inventory Bump on Cape Cod
Anecdotally, a number of industry players say they’re seeing a somewhat impressive post-Labor Day bump in the number of homes for sale on the rustic peninsula. But the latest real estate stats aren’t picking that up – at least not yet.
Housing Shortage Drowns Out Buyers’ Climate Fears
Intense competition to buy homes may be overriding any concerns buyers might have about climate-driven property risks in Massachusetts. But homes’ climate change adaptations are starting to become selling points.
Where’s All the Inventory?
With March’s tally of new single-family listings off almost 20 percent year-over-year on Cape Cod, buyers and sellers are looking at another spring of tight market conditions.
Biden’s Cape Bridges Plan Viewed as ‘Down Payment’
Massachusetts elected officials who for years have been seeking federal funding to help replace the aging bridges across the Cape Cod Canal got a major ally Thursday: President Joe Biden.
Mass. Metros Short Tens of Thousands of Homes, New Report Says
Massachusetts’ four major urban regions east of the Berkshires were short nearly 90,000 homes to meet current residents’ needs right before the pandemic, a new study claims.
Second-Home Demand Plummets as Cape Listings Hit New Lows
The number of homebuyers seeking mortgages for second homes has taken a nosedive this year, even as the inventories of single-family homes and condominiums for sale on Cape Cod hit never-before-seen lows last month.
Can ADUs Light the Way to a Better Housing Market?
Banks and homebuilders see business opportunities in zoning changes that will allow significantly more Cape Cod residents to carve rental units out of their houses with a significant reduction in red tape.
Housing Market Stayed Tight in March as Entry-Level Market ‘Stall’ Threatens
Massachusetts’ home sales figures slid downward for yet another month in March, as the state’s housing shortage and rising interest rates continued to bite.
Cape Still Sees Inventory Crunch as Second-Home Demand Retreats
Demand for second-home mortgages took a nosedive in February, a new report says, but Cape Cod’s inventory crunch means most buyers on the peninsula won’t feel any benefit.
Hope in Sight for Cape Crisis?
As they grapple with one of the worst housing shortages in the country, one of Cape Cod’s top housing advocates is looking for help from a seemingly unusual source.
Demand for Second Homes Stays Strong Heading Into 2022
A new analysis of mortgage rate-locks by online brokerage Redfin has found that, nation-wide, demand for second homes was up 77 percent in December over 2019 levels.
Second Home Demand Rebounded in September, Buoying Cape Market
Nation-wide demand for second homes rebounded in September at the same time as Cape Cod real estate observers say buyer demand stayed strong last month as the Delta variant gave remote workers a reprieve from changes to companies’ work-from-home policies.
Rush for Second Homes Cools, But Stays Strong
Redfin’s monthly analysis of national-level mortgage rate-lock data shows demand for second homes has definitely cooled from last year, but it’s still elevated compared to the pre-pandemic norm.
Mid-Cape Home Centers Acquired
Specialty building materials supply distributor US LBM has bought one of the Cape’s most prominent, local building supply firms.
Change of Work Status Leads to Buyers’ Change of Heart
Now that the country is reopening and some companies are calling their employees back to the office, more than a few pandemic-inspired buyers are having a change of heart.
Some Buyers Still Looking for Big Moves, Studies Say
A pair of studies out this week from researchers at discount brokerage Redfin and their peers at listings portal Zillow suggest some buyers are continuing to trade distance from work for cheaper housing.
Inventory Picture Improves as Mass. Home Prices Break Another Record
Even as Massachusetts single-family prices broke another record last month, signs emerged that the state’s inventory drought could be easing.
For Mass. Remote Workers, Life’s a Beach
Homebuyers looking to retire early or work remotely from more bucolic surroundings continued to flood Cape Cod towns and some South Shore this spring, pushing median sale prices to astounding heights. These towns saw the most price growth.
Vote Now for B&T’s Best of 2024!
