Real Estate Market Bulletin Blog

The latest news about the Massachusetts Housing Market
December 9, 2009

Mortgage Rates Still Low, But Ready to Move Up?

Author: admin - Categories: Lending Rate, MA Real Estate News, ma mortgage - Tags: , ,

As of the writing of the post, mortgage rates are as low as 4.625% for 30 year convential mortgages (where the buyer has excellent credit of course).  A few years ago, these rates would have stoked the real estate bubble further and invited criticism of easy money, but the fact that most lending activity continues to be primarily for refinancing (despite an overall increase of 8.5%) indicates that the housing market itself is still not healing.

The frozen housing market is one argument that rates will remain where they are (or possibly decline), however if other macroeconomic indicators continue to improve such as GDP or jobs (which has shown stabilization), expect the Federal Reserve to consider increasing the discount rate in early 2010, which will likely force mortgage rates up (by increasing the cost of borrowing to lenders).

We probably have at least 1 - 2 quarters before major movements in rates, but if you are considering purchasing a home or refinancing, start to plan it now!

September 29, 2009

Massachusetts Home Sales Rise Again

Author: admin - Categories: MA Real Estate News, Mass Home Prices, Real Estate News, real estate trends - Tags: ,

According to the Warren Group, which compiles statistics on the housing market, Massachusetts home sales rose for the second straight month.  August sales rose 2% year over year, following an 11% YOY increase in July.

Still, there’s quite a ways to go - the median sale price for homes in te Bay State remains 10% below last year’s median price, according to the press release.

February 12, 2009

Reports Show 4th Quarter Real Estate Sales Worst Yet

Author: admin - Categories: Economic Indicators, Homes in MA, MA Open House, MA Real Estate News, MA open home, Mass Home Prices, New England News, Real Estate News, boston real estate news, home sales trends, real estate graphs, real estate trends

Local real estate sales in the fourth quarter were expectedly soft according to figures from the Multiple Listing Service (MLS) of the Chattanooga Association of Realtors.

Statistics show:

- “With 1,302 units sold, fourth quarter statistics were down 16.5 percent from 2007’s fourth quarter and 25.5 percent from the third quarter in 2008. It represented the year’s lowest quarter in terms of sales. ”

Even though October through December months represent some of the slowest months in real estate and are outpaced during the peak spring and summer months, the current economic troubles has only added a high degree of stress in the residential real estate market.

Housing Market
Existing Home Sales
Real Estate 4th Quarter

December 30, 2008

The Numbers are In!

Author: admin - Categories: MA Real Estate News, Mass Home Prices, Real Estate News, boston real estate news, home sales trends, real estate graphs, real estate trends

Results for the 10 Worst Real Estate Markets in 2009 showing California owning 8 of 10 spots.

1. Los Angeles

2. Stockton, Calif.

3. Riverside, Calif.

4. Miami-Miami Beach

5. Sacramento

6. Santa Ana-Anaheim

7. Fresno

8. San Diego

9. Bakersfield, Calif.

10. Washington, D.C.

To see more numbers of the top 10 Worst Real Estate Markets read the full article here.

December 23, 2008

Home sales, prices in deep plunge

Author: admin - Categories: Economic Indicators, Homes in MA, MA Real Estate News, MA open home, New England News, Real Estate News, home sales trends, ma mortgage, real estate graphs, real estate trends

As the National Association of Realtors reported home sales during November plummeted 8.6%. The annualized rate of home sales in November dropped to 4.49 million units while the projected number was 4.93 million units reported by industry analysts from Briefing.com.

Other reports are showing that existing home sales are now the weakest they have been since July 1997.

Read the full article of CNNMoney.com.


Mortgage Rates

December 12, 2008

Real Estate Stories

Author: admin - Categories: Homes in MA, MA Open House, MA Real Estate News, MA open home, New England News, Real Estate News, ma mortgage, mass homes, real estate graphs, real estate trends

Real estate news estimates that 8 million mortgages could go into foreclosure in the next several years. Also, read about how more than half of borrowers who have received a modification to their mortgage terms still have failed to keep up with their monthly payments. Read the full article here.



November 19, 2008

Reinventing the real estate industry

Author: admin - Categories: Boston Real Estate, Homes in MA, Inman News, MA Real Estate News, MA open home, New England News, Real Estate News, ma mortgage, mass homes, real estate graphs, real estate trends

Inman News, “embarks on a major editorial project ot examine how to the real estate industry should and will look in the coming years. ” first we must figure out where we should and must go.  They are looking for readers just like you to help participate in mapping out the future of the real esteate industry.  Read on to find out how you can participate.



November 7, 2008

Housing Predictor

Author: admin - Categories: MA Real Estate News, MA open home, Real Estate News, mass homes

According to Housing Predictor they provide, “independent real estate market forecasts for more than 250 cities in all 50 U.S. States and housing news. We correctly forecasted the foreclosure epidemic and the housing depression.”




October 31, 2008

Quick Facts about U.S. Home Prices from MarketWatch

Author: admin - Categories: MA Real Estate News, New England News, Real Estate News, home sales trends, real estate graphs, real estate trends

According to MarketWatch:

  • U.S. new home prices are now down 17%
  • New home sales have been reduced by 57%
  • New property listings are down by 27%

“Marks the worst residential real estate bear market in price decline and duration since 1945.”


October 21, 2008

New efforts to buy foreclosed homes

Author: admin - Categories: HomeBin Discount Realty, Homes in MA, MA Real Estate News, Mass Home Prices, New England News, ma mortgage

The Boston Globe reports, “Despite a failure so far to pass a bailout of the financial sector, the US government is moving ahead with numerous steps to fix the housing market, including aid for communities combating blight caused by a flood of foreclosures.”

Read the full story