Existing home sales in the U.S. surged by 4.2% in February, marking the first increase in six months, according to the National Association of Realtors (NAR). ๐ก Total sales reached a seasonally adjusted annual rate of 4.38 million units. This growth is attributed to a slight increase in inventory and ...
Continue Reading๐ Massachusetts Housing Market โ Feb 2025 ๐ก Key Trends ๐ป Sales Dip: U.S. existing-home sales fell 4.9% month-over-month. ๐ Prices Up: Median home prices rose 5.4% for single-family homes ($600K) and 7% for condos ($534,950). ๐ Tighter Inventory: Homes for sale dropped 14.9% (single-family) and 5.5% (condos). ๐ New ...
Continue ReadingWhy Home Sales Bounce Back After Presidential Elections Historically, home sales tend to rise following presidential elections, as market uncertainty lessens and consumer confidence improves. Buyers and sellers who were hesitant before the election often re-enter the market, fueling demand. This post-election boost is beneficial for the housing industry, providing ...
Continue ReadingAugust 2024 Monthly Housing Market Trends Report The number of homes actively for sale continues to be elevated compared with last year, growing by 35.8%, a 10th straight month of growth, and now sits at the highest since May 2020. The total number of unsold homes, including homes that are ...
Continue ReadingWhy Buying Now May Be Worth It in the Long Run Should you buy a home now or should you wait? Thatโs a question a lot of people have these days. And while whatโs right for you is going to depend on a lot of different factors, hereโs something youโllย want ...
Continue ReadingHow the Economy Impacts Mortgage Rates As someone whoโs thinking aboutย buyingย orย sellingย a home, youโre probably paying close attention to mortgage rates โ and wonderingย what’s ahead. One thing that can affect mortgage rates is the Federal Funds Rate, which influences how much it costs banks to borrow money from each other. While ...
Continue ReadingDo Elections Impact the Housing Market? The 2024 Presidential election is just months away. As someone whoโs thinking about potentiallyย buyingย orย sellingย a home, youโre probably curious about what effect, if any, elections have on the housing market. Itโs a great question becauseย buyingย orย sellingย a home is a major decision, and itโs natural to wonder ...
Continue ReadingAre More Homeowners Selling as Mortgage Rates Come Down? If youโre looking toย buy a home, the recent downward trend inย mortgage ratesย is good news because it helps with affordability. But thereโs another way this benefits you โ it may inspire more homeowners to put their houses up for sale. The Mortgage ...
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