As the stock market sputtered, the local real estate market slowed dramatically. Now that the Federal Reserve has backed off plans to increase interest rates in 2019, real estate here and around the country has taken off again.
The Trump administration wants to eliminate professional appraisals on a large number of home sale transactions – a move that critics say could push the country back toward the see-no-evil days of mortgage lending that preceded the housing crash.
The housing market could stall if interest rates spike by more than 1.5 percent, according a recently released analysis from Freddie Mac.
Breaking news from Banker & Tradesman: last year was a really good time to be in real estate.
It’s no mystery what we need to do to bring down the crushingly high home prices and rents that make life in Massachusetts increasingly difficult for all but the wealthiest few. The problem has been mustering the political leadership and willpower to do it.
The practice is called “greenwashing” and home shoppers need to be on guard: It means a house is being marketed as environmentally friendly and energy-saving when it doesn’t really deserve that description.
Next year’s housing market is will largely be defined by continued demand for homeownership, tax reform’s effect on affordability and low inventory, according to Redfin’s predictions for 2018.
Another spring market is in the books and the market’s recovery remains uneven.
Time was when renting an apartment in one of this college town’s funky triple-deckers or two-family homes wouldn’t cost an arm and a leg.
After all that griping about how Millennials are ruining the housing market, it turns out they’re barely involved at all.
In bad old days before the subprime loan crash, almost anyone who could fog a mirror could qualify for a no-doc mortgage.
A lot of cities across the world would kill for the influx of tech and biotech giants and startups that have made Greater Boston one of the most affluent places on the planet.
Maybe tech companies aren’t totally malicious…
It’s tough out there for a 25-year-old. Boston is in a many ways a wonderful city with a lot to recommend it – which may be why it has the highest concentration of Millennials of the 25 largest cities in the U.S.
Hotel operators began 2016 with the understanding that the city’s group booking pace was off following a strong 2015 and that the market would experience its largest increase to rooms supply since 2003.
U.S. home resales fell more than expected in April, weighed down by a chronic shortage of houses on the market that is keeping prices elevated and sidelining prospective buyers.
New U.S. single-family home sales surged to an eight-month high in March, pointing to underlying strength in the economy despite an apparent sharp slowdown in growth in the first quarter.
President Donald Trump’s recently released “skinny” budget, while a long way from being enacted, is a step in the direction of fulfilling his campaign promises.
The best quarterly sales pace of the year pushed available housing supply to record lows and caused price appreciation to slightly speed up in the final three months of 2016, according to the latest quarterly report by the National Association of Realtors. The report also revealed that sales prices in over half of measured markets since 2005 are now at or above their previous peak level.
Statewide, the MLS inventory of homes for sale hit a 16-year low in late December, according to Anthony Lamacchia, broker/owner of Lamacchia Realty. He said that at just over 14,000, inventory is less than one-third of the almost 45,000 homes on the market during the same week in 2007.
