Apartment Rents Shatter All-Time Records
Apartment rents have blasted past pre-COVID levels in Greater Boston as demand returned to both downtown and suburban markets while the new supply pipeline declined.
Boston Will Hardly Be the Nation’s Hottest Housing Market this Year
Boston home prices may be headed for serious growth this year, but the city will be far from the hottest housing market in the country.
Why Consumers Will Love Zillow Even More in 2022
Zillow also announced a game-changing partnership with DownPaymentResource.com last month that will add down payment assistance information to each listing. Believe it or not, this can be a boon for a real estate agent’s business.
Zillow to Shutter iBuyer Business
Zillow is closing down its iBuyer business, Zillow Offers, after buying too many homes at too-high prices this summer, even as residential real estate markets nation-wide cooled down from their white-hot spring highs.
Zillow Research: Boomers Helped Drive 2020 Demand Surge, Too
It’s been common knowledge since mid-2020 that Millennials were the big reason the Massachusetts housing market has been going haywire. But new research from Zillow suggests the blame get spread around to include Baby Boomers.
Zillow’s iBuyer Won’t Sign Any New Contracts
Facing staffing shortages and supply chain problems, Zillow says its Zillow Offers iBuyer service won’t sign any new contracts to buy homes through the end of the year.
Report: Boston’s Teachers, Nurses Face Serious Rent Challenges
A new Zillow study says local teachers and nurses are limited to extremely small slices of the rental market if they aren’t living with roommates.
Zillow: Most Buyers Only Submit Two Offers
A new national survey by Zillow suggests that buyers who submit five or six unsuccessful offers are in the minority, even in the intensely competitive housing market of the last 20 months.
Lenders and Lawmakers Call for Remote Notarization
For much of the pandemic, homebuyers and other consumers who need to conduct notarized transactions have been able to do so virtually. Now, with that option set to expire by the end of the year, lawmakers and bankers are making a new push to keep the changes in place.
Online Lenders Find Growth in Mass.
It’s Banker & Tradesman’s annual Fast 50, where we rank the fastest-growing commercial and residential mortgage lenders in Massachusetts. Who’s on top? How’d they do it?
How Many Homes Sell for Far Over Asking?
At this point in the pandemic real estate cycle, nearly everyone has heard stories of homes selling for outlandish figures, far above asking price. But how many of those sales are there, actually? Turns out, not that many, at least in Greater Boston.
Some Buyers Still Looking for Big Moves, Studies Say
A pair of studies out this week from researchers at discount brokerage Redfin and their peers at listings portal Zillow suggest some buyers are continuing to trade distance from work for cheaper housing.
Buyers Who Relocated to Boston Sought Smaller, Pricier Homes
After analyzing data of long-distance moves into and out of some of America’s biggest major metros, researchers at Zillow say most buyers relocating to the Boston area buy smaller but pricier homes.
Study: Racial Diversity Stagnated on Corporate Boards
Many U.S. companies have rushed to appoint Black members to their boards of directors since racial justice protests swept the country last year.
Zillow: Half of Boston-Area Homes Sell in Less than a Week
A new report from Zillow shows that three-quarters of all homes in Greater Boston sell in two weeks or less, with a substantial number going pending even faster.
Housing Inventory Up in State’s Major Markets
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.
Will Inventory Rise as COVID Wanes? Experts Are Divided
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?
Zillow, NAR Hit By Antitrust Lawsuit
Startup online brokerage REX claims Zillow and NAR constitute a cartel that has locked homes its agents represent out of online home listings search results.
Zillow Survey Suggests Vaccines Will Increase For-Sale Inventory – But There’s a Catch
A national survey by Zillow suggests a successful COVID-19 vaccine rollout could help ease the inventory crunch blamed for the rapid run-up in home prices.
Home Prices Headed for a Bubble?
Between a pandemic likely to cause another big cultural shift around single-family homes, and an inventory shortage unlikely to end any time soon, conditions are building for big run-ups in home prices.
