The number of home sales across Massachusetts took another hit last month – typically the heart of the busy spring homebuying season – as prices for single-family homes hit an all-time high according to new data from The Warren Group, publisher of Banker & Tradesman.
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.
New reports from the Massachusetts Association of Realtors and online brokerage Redfin shows that the February housing market began heating up.
As the new year opened, fewer homes were for sale in Massachusetts than at any time in the last 23 years, helping send the median single-family and condominium sale prices to record highs for yet another month.
After a legislative committee last week advanced bills that would allow municipalities where local officials had already signed off on the idea to impose a new fee on certain housing transactions, a pair of real estate groups are voicing concerns.
Looking back, expansion of RAFT and creation of the Eviction Diversion Initiative demonstrated incredible foresight, leaving Massachusetts well-positioned to continue protecting housing stability for the foreseeable future.
Massachusetts home sales totals in October were consistent with pre-pandemic levels as buyer behavior continued its return to normal cycles, real estate experts said. At the same time, though, inventory remained depressed forcing prices significantly higher.
Massachusetts saw a slight downturn in the number of single-family houses sold last month compared to the pre-pandemic norm, leaving some observers to question whether the pool of potential homebuyers has shrunk, and others to conclude the let-up is only temporary.
Massachusetts has anti-discrimination laws on the books, but experts and advocates warn that insufficient training and a lack of enforcement allows discriminatory housing practices to fester, curtailing the options for many who already face other obstacles.
The benefits of home ownership to an individual and to a community are numerous and expansive, and the Massachusetts Association of Realtors is proud to support a state bill to help first-time buyers.
FHA loans are exploding in popularity. But their users – often Black and Latinx first-time buyers – can lose in multiple-offer situations. What can be done?
This year on Realtor Day on Beacon Hill, the strength of our collective involvement will be on display via remote platforms as we head into what we hope is the home stretch of the COVID-19 pandemic.
The number of single-family houses and condominiums for sale in Massachusetts grew substantially in nearly all of the state’s major markets last month, and market-watchers say the hot market could moderate later this year.
With demand showing no signs of slowing down among prospective buyers, median single-family home and condominium prices spiked in April, reaching new all-time highs in the process, according to a new report from The Warren Group
As the state’s spring housing market got underway in March, numbers of new single-family home listings gave some a sense of hope that 2020’s dire inventory shortage could ease even as buyer demand looks to remain strong.
It’s the biggest question in Massachusetts real estate today: Will we ever get enough single-family inventory on the market to slow down massive price increases?
Earlier this year, the Housing Choice bill passed with robust support from the Massachusetts Association of Realtors and a broad coalition of partners committed to enabling the creation of new housing across the state. Now, we must collectively turn our attention to realizing the opportunity before us.
New research suggests Massachusetts homes face substantially higher costs from flooding over the next 30 years as climate change worsens the risk of strong storms.
With the spring real estate market right around the corner, many are waiting on tenterhooks to see whether improving public health data will relieve pressure on inventory, and thus on prices.
The residential real estate market’s strong start last year ultimately became a preamble to dramatic increases in single-family sales and prices, and incredibly low inventory nearly throughout the commonwealth.