In October 2013, as compared to October 2012, Unit Sales* continue to rise throughout the Northeast, with Connecticut, Massachusetts and Westchester County seeing 15.2%, 9.1%, and 22.6% gains, respectively. Additionally, Massachusetts saw a 7.4% rise in Average Sale Price, while Connecticut, Massachusetts and New York all experience reduced Months of Supply.
The housing market. It’s up, it’s down, it’s rebounding, it’s not. It seems like every morning there’s a different report citing a different expert who says X, Y and/or Z. Confusing, right? Here are five facts about the housing market this month that you can count on.
July 22, 2013
Lawrence Yun is Chief Economist and Senior Vice President of Research at the NATIONAL ASSOCIATION OF REALTORS®. He directs research activity for the association and regularly provides commentary on real estate market trends for its 1 million REALTOR® members.
April 1, 2013
Understanding the home loan process can be complicated, particularly with all of the loan-specific terms. Becoming familiar with frequently used lending terms may make the process less stressful. In this article you will find information on frequently used lending terms. This list, however, is not exhaustive.
March 26, 2013
Buying a home in a seller’s market can be stressful and pricey for the buyers. It can be a frustrating process full of disappointments and you’ll probably want to forget the whole thing. But with a bit of preparation and planning, it can be successful and rewarding: concluding in you enjoying living in a new home.
March 5, 2013
How often do low-ball offers work? Let’s ask it a different way, “How often have buyers been able to get a big discount off of the list price?” In a good market? Very rarely. In a weak market? More frequently, but not as often as you might think.
February 26, 2013
In January 2013, as compared to January 2012, the housing market in New England and New York saw strong increases in overall unit sales and sharp decreases in total inventory. Additionally, most states saw increases in average sale prices. All of these indicators point toward a growing and strengthening housing market.
February 14, 2013
With the excess of free time that can be afforded to oneself due to a lack of power caused from the Blizzard of 2013, I started to ponder: what will the Massachusetts real estate market would look like at the end of 2013? Hence, here my thoughts on where I see the market headed this year.
February 12, 2013
As 2013 kicks in to full gear, many reports have been released confirming that, yes, the real estate market is improving. But what exactly is contributing to the increasingly successful market?
February 1, 2013
So you think battling the lines at Macy’s on Black Friday or ensuring that your credit card information wouldn’t get stolen as you maxed out your card on Cyber Monday were difficult? Try dealing with an impending fiscal cliff. Yep, that’s right. The fiscal cliff is the latest challenge our country and our current administration face before we head into the new year. But, what exactly is this ‘fiscal cliff’ we keep hearing about? And how will could it impact your homebuying decisions? Continue reading
November 27, 2012