Report: Boston is leading the housing market comeback The median home price in the United States was $349,000, a record high. ‘Markets with strong technology sectors have been more resilient.’ Continue reading and search the latest listings to rent or buy at realestate.boston.com.
Peak Homebuying Season Expected in August Realtor.com predicted the peak of home buying season will be in August this year as opposed to the usual May. “Real estate activity in the U.S. has regained its strength and continues on an upward trajectory as we enter the middle of the summer,” said Javier Vivas, Director of Economic Research for Realtor.com. “However,” he … The post Peak Homebuying Season Expected in August appeared first on theMReport.com. Homebuyers: For access to all listings and to find a homebuyers real estate agent that will represent only your interests call 800-935-6222 or click the […]
5 Surprises I Learned House-Hunting Amid a Pandemic Buying a home is never a simple undertaking. Even at the best of times, house hunting comes with lots of built-in stressors, from mortgage approvals to bidding wars and beyond. But house-hunting during the coronavirus pandemic? That changes the game entirely. By the power of coincidence and bad timing, my home search started almost exactly as the crisis hit hard in the United States. Oh, and add to that the fact that I was moving cross-country, searching for a home remotely about 2,000 miles away! My first experience shopping for a home […]
Affordable Homes Get a Boost Several new reports shine light on the state of the market, from affordability and refi activity to forbearances and delinquency rates. The post Affordable Homes Get a Boost appeared first on theMReport.com. Who Pays the Home Buyer’s Agent? Both seller’s agent fees and buyer agent’s fees are part of a normal real estate transaction and are included in the final negotiated purchase price of the property. There should be no additional fees to the buyer for a buyer’s agent above and beyond the negotiated purchase price of a home unless agreed upon between the […]
New U.S. Home Sales Surge in June to Strongest Rate in 13 Years The numbers: Sales of new single-family homes rose sharply for the second straight month in June, pushing the sales rate to its highest level in 13 years, according to data released Friday. The annual sales pace for U.S. new-home sales rose 13.8% last month to 776,000, the Commerce Department said Friday. That’s above the prior cycle high of 774,000 hit in January and is the strongest since July 2007, according to the Mortgage Bankers Association. Economists polled by MarketWatch had expected a June sales rate of 710,000, compared […]
Is Summer the Best Time for Homebuying? A new survey revealed fewer people are passing on homeownership. Click through to find out why. The post Is Summer the Best Time for Homebuying? appeared first on theMReport.com. HOMEBUYERS BEWARE! Book Review This book is an excellent first step in a complicated process. Buying a home is like buying a car, on steroids. It’s the biggest investment you are likely to make so the stakes are incredibly high. I knew that having an agent represent me was a good idea. What I hadn’t grasped was how important it is to find […]
Home Sales Surpass Pre-Pandemic Numbers Analysis on the market said the industry is responding to a “avalanche of applications” for both purchases and refinances. The post Home Sales Surpass Pre-Pandemic Numbers appeared first on theMReport.com. Homebuyers: For access to all listings and to find a homebuyers real estate agent that will represent only your interests call 800-935-6222 or click the button below to connect with MABA. At MABA we got you! HOMEBUYERS BEWARE! Book Review This book is an excellent first step in a complicated process. Buying […]
Foreign Home Buying Dries Up, Easing the Way for Domestic Buyers Foreign buying of U.S. homes was a driving factor in markets from California to Florida, helping prices reach new highs. Now, the pandemic, reduced travel and immigration restrictions are further undermining already weakening international demand. Overseas residential real-estate purchases climbed steadily between 2011 and 2017, peaking at $153 billion in the year ended March 2017, according to the National Association of Realtors. About 60% of foreign buyers are recent immigrants or foreigners who live in the U.S., while others buy U.S. homes as investment properties or vacation homes, according to NAR. […]
Available Housing Inventory Down 17% Annually While the median home price is up more than 2% year-over-year, what is the outlook for the remainder of 2020? The post Available Housing Inventory Down 17% Annually appeared first on theMReport.com. First Time Home Buying in Massachusetts MABA Buyer Agents help first time home buyers reduce the stress and frustration normally associated with buying a home or condo – especially for first time home buyers. As a first time homebuyer in Massachusetts, you can turn to our non-profit organization to help you understand and navigate the complexities of the entire […]
Boston Massachusetts leads the nation in bidding wars Whether it’s a blessing or a curse is in the eye of the beholder, but Boston’s housing shortage has helped propel the city to the No. 1 spot in the nation for bidding wars on homes sold by Redfin in May, according to a new report from the company. “We’re seeing a frenzy,” Boston Redfin agent Delince Louis said in a Redfin press release. “Any home below $500,000 is receiving multiple offers; we just don’t have the supply to meet the demand.” He added that people are less enthusiastic these days about […]
