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.
Increasing both the number and types of homes available across the state is a key component to ensuring that the state remains inclusive and thriving. A new law offers hope we will be able to do just that.
The number of new listings that hit the market in November tumbled on a month-over-month basis, but that doesn’t mean we’re running out of homes to sell.
Even without noting that Massachusetts is in the middle of the worst pandemic in 100 years, the pace of home sales has been nothing short of remarkable. Could it be possible that home sales will beat last year’s tallies?
Sellers stayed home, buyers swamped markets statewide, the Cape posted record sales figures and urban condos kept selling. What didn’t happen in the spring-turned-summer real estate market?
In recent months, big national brokerages have stepped up diversity and inclusion efforts, aiming for personnel that more accurately reflect current American demographics. But many challenges lie ahead that are tied to the nature of the residential real estate industry.
Attorney General Maura Healey’s office announced $110,000 in fines and mandatory training yesterday for three South Shore real estate agents and one brokerage accused of violating fair housing laws.
Anyone who bought a home in Massachusetts since the start of the coronavirus pandemic now faces a countdown clock to get their homes’ smoke and carbon monoxide detectors inspected.
The number of houses and condominiums for sale in Greater Boston is slowly ticking up, although overall inventory is still far from where it was this time last year, according to new data from Zillow.
Greater Boston’s rental housing industry has a serious racism problem, and it’s going to take effort from industry and government – including Attorney General Maura Healey – to solve.
As businesses begin to open, the real estate industry will continue to change and evolve. As evidenced by what we have seen so far, technology will take a greater presence within the transaction.
With Massachusetts’ ongoing supply-demand imbalance expected to continue as the COVID-19 pandemic abates, agents face a difficult environment as they try to adapt to a new normal.
As fire departments began suspending inspections, over 13,000 transactions were pending a closing, many of which needed a smoke and carbon monoxide detector certificate of compliance.
