Nearly Half of Local Millennials Now Homeowners, But What About the Other Half?
An analysis of Census Bureau data shows that 45 percent of Millennials in Greater Boston now own homes, but separate studies released in recent days suggest that the remaining 55 percent of area Millennials face a steeper path to ownership than their peers.
Homebuyer Competition Returns with Spring
Many market observers believe Massachusetts is headed for another spring of multiple offers and waived contingencies, thanks to how still-high interest rates have stabilized in recent weeks.
Redfin Researchers: Worcester Market Holding Up Better than Boston
Economists at combined listings portal and brokerage Redfin say Worcester’s housing market appears to be holding up better than Boston’s amid a range of stressors as the spring housing market opens.
Buyers Reacted Quickly to Crisis-Driven Mortgage Rate Drop
Some homebuyers are returning to the market as mortgage rates decline from the four-month high they reached last week, according to a new report from Redfin, the combined brokerage and listings portal.
Share of Affordable Boston Listings Fell by Two-Thirds Last Year
A new analysis by Redfin economists has found that the share of listings that the median-earner could afford in Massachusetts’ two biggest metros has fallen nearly 60 percent or more over the last year.
Redfin Offers Luxury Homebuyer Service in Boston
Redfin has happily represented luxury home sellers in the Boston area for some time. Now, it’s opening up its services to luxury buyers, too.
Boston Buyer Competition Warmed Slightly as Rates Fell
Falling mortgage rates appear to have brought more buyers out in December than in November, according to a new report from brokerage and listings portal Redfin.
Q&A: Redfin CEO Sees Buyer-Seller ‘Standoff’ in 2023
Soaring mortgage rates knocked the housing market into a deep slump in 2022, and the prospects of a swift turnaround in 2023 look dim, especially with the average rate on the benchmark 30-year mortgage still hovering above 6 percent, or double what it was this time last year.
Share of Boston-Area Sellers Offering Concessions Slid Up in Q4
The Greater Boston housing market has slowed down substantially, by all accounts, but by one marker it’s doing so much more, well, slowly than its peers.
Study Predicts Few Underwater Buyers if Home Values Fall
Only a small share of the thousands of pandemic-era homebuyers would be underwater on their mortgages if home values fall in 2023, a new study estimates.
Where’s the Housing Market Headed? Predictions Run the Gamut
Prominent economists across the real estate world are turning out their predictions for the new year, and some have New England markets in their lists of top performers for 2023. But uncertainty over the economy’s direction has created an unusually broad spread among this season’s forecasts.
Redfin Adds Zoning Data to Its Listings
Is your buyer in the mood to start a business from their soon-to-be-new home’s garage? Does their wish list include an accessory dwelling unit? Then make sure to check listings on Redfin, company executives say.
Investor Home Purchases Drop 30 Percent
Investors are getting out of the housing market even faster than buyers can be pushed out by rising interest rates, according to a new Redfin study.
Mortgage Rates’ Drop Saves Mass. Buyers $155 per Month
The average long-term U.S. mortgage rate tumbled this week in the largest weekly drop since 1981. But optimism that such drops will continue could prove to be short-lived.
Home Price Gains Kept Decelerating in October
Massachusetts homebuyers and sellers kept staying away from the housing market last month – so many, in fact, that the number of closed single-family sales was lower than October since the Great Recession ended in 2012.
Redfin Closes iBuyer, Lays Off Over 800
Brokerage and listings portal Redfin announced the second major round of layoffs this year as the housing market stays suppressed and the prospects for 2023 look pessimistic.
Down Payments Double, Affordable Square Footage Shrinks
Two new reports underscore the affordability challenges buyers face in today’s housing market.
Multiple-Offers Slid Down Only Marginally in Boston, Worcester
The Greater Boston and Greater Worcester housing markets have cooled considerably in the last 12 months, but by at least one measure, didn’t cool that much between July and August.
Who Wants to Move Right Now?
Massachusetts’ housing market measurably cooling, but inventory is – so far – not rocketing upwards. The causes, experts say, are complex.
