The barometer summarizes three key housing market indicators — construction starts, existing home sales, and the delinquency-plus-foreclosure rate — looking at how current conditions compare to those recorded at the depths of the housing crisis and those recorded before the housing bubble.
Read More »Tag Archive for 'Boston condo market'
There’s no question about it, the operative theme of the 2013 housing market isrestricted supply. Ever since the bubble burst in 2006, we’ve been hearing about the dangers of over supply, of the massive “shadow inventory” out there. Yet we’re living in a vastly different reality. There are 40% fewer homes on the market now than there have been during February in the last few years.
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– The Massachusetts Association of REALTORS® (MAR) reported today that February pending home sales were positive for the 22nd straight month compared to the year before, but winter weather kept gains modest. Pending sales figures (also called homes under agreement) are a leading indicator of actual housing sales in Massachusetts for the following 2-3 months.
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Would-be home sellers, as they consider taking the plunge, are no longer primarily concerned with the state of the economy in deciding whether to list their house now or wait. Instead, the top concern now is whether by selling now, they will pass up even bigger gains down the line if they should choose not to hold out for a few more months, Redfin reports in a new survey on seller attitudes.
Read More »Tight listing inventories are likely to constrain growth in 2013 home sales, the National Association of Realtors said in releasing a report showing that pending sales dropped 4.3 percent from November to December.
Read More »The Massachusetts housing market made a comeback last year, with 46,887 single-family homes sold — the best showing since 2006.
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Two great condos priced at $500K (+-). One in a waterfront complex in Provincetown and the other a new construction one bedroom/ one bath condo on Washington Street in the South End. Zero Worcester Square #F is being marketed at $822 per square foot, and 381 Commercial #9 is being marketed at $852 per square foot. An interesting comparison….and remember my caveat…descriptive copy has been taken directly from MLS.
Read More »Property owner Ramy Rizkalla said contractors and inspectors found the east wall was bowing in, it was rotting, and there was termite damage, and a structural engineer ruled the wall was unsafe to leave on the property. Rizkalla said the decision to take down the wall was approved by the city’s Inspectional Services department. However, it is the Landmarks Commission that requested the hearing on Tuesday.
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My favorite Agent Genius Blogger Tara’s excellent national real estate analysis provides terrific context as I begin to post year end local analysis. Anyone can use figures to come up with most any result but clearly consensus is that nationally we are on the road to a housing recovery…and locally we are in much better [...]
Read More »A repost of Jennifer McKim’s article in the Boston Globe follows. It shows significant evidence that we are in a real estate recovery even in the broader Massachusetts market. We have been experiencing The Recovery in downtown Boston and on the outer Cape for months now, but this broader evidence is very welcome news as we enter the NewYear.
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