
U.S. Rents Drop to Lowest Levels in Three Years, Boston Continuies to Climb
While U.S. rents dropped to the lowest levels in three years in December, Boston rents continued to creep upwards.
While U.S. rents dropped to the lowest levels in three years in December, Boston rents continued to creep upwards.
According to a new report from Redfin, 23.8 percent of Boston-area renters in 2023 stayed in the same home for more than a year, down from 26.7 percent a decade prior.
Older Americans are more likely than younger Americans to buy homes in places with significant climate risk. according to a new report from Redfin.
Renters in Boston are not getting a lot of space for their money, even with the most expensive rents in the nation.
The president-elect campaigned on a promise to make homeownership more affordable by lowering mortgage rates, but his policies could do the opposite, some analysts say.
While across the country the number of renters is outpacing the number of homeowners, Greater Boston is headed in a different direction.
Still, the share of renter households that pay under $1,000 in monthly rent is at an all-time low according to a new report from Redfin.
A recent Redfin report said Greater Boston now has one of the highest median asking rents across the country.
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.
While starter homes across the nation are getting more affordable, the same can not be said for those in Greater Boston.
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.
While a recent report from Redfin shows that 48 percent of homes for sale in August were on the market for at least 60 days, the Boston market remains one of the most competitive in the country.
While home prices continue to rise, first-time buyers are finding that more pressure is being put on their pocketbooks even though incomes rose region-wide during the pandemic.
Even as record-high high home prices dominate local housing markets across the country, new data suggests that sales of cheaper starter homes are on the rise.
While home values are cooling off, competition – and prices – could be heating up in the coming months if the Fed’s rate cuts bring out a wave of buyers.
The month of July saw home prices reach an all-time high but home sales also managed to skip upwards. Still, the state has a long way to go to become a balanced market, a top market-watcher says.
Nearly 1 in 4 Greater Boston homes are now worth over $1 million by Redfin’s latest estimate.
While states such as Florida have seen massive growth in inventory so far this year, the same can’t be said for Massachusetts. Experts fear that a big interest rate cut won’t move the needle much, and could make prices go higher.
The Massachusetts capital was among the top five metros nation-wide in aggregate home value.
With costs continuing to rise, prospective homebuyers are making sacrifices to achieve homeownership.