Despite the lowest mortgage rates in decades, the Massachusetts housing market is slumping as it works its way through the most devastating real estate crash in U.S. history. Home sales declined to the lowest level since 1990 after the federal home buyer tax credit expired. The drop-off is also attributable to high unemployment and weak… Continue reading 2011 Massachusetts Housing Market
Category: Massachusetts
Massachusetts housing market
2010 Massachusetts Housing Market
Housing markets are strengthening in Massachusetts as a result of the home buyers’ federal tax credit, but are projected to slow over the remainder of the year as consumer confidence in the market and the overall economy wanes. Sales increased to the highest level in years, but home price appreciation remains weak. The upsurge in… Continue reading 2010 Massachusetts Housing Market
2015 Massachusetts Real Estate Market Forecast
By and large, most real estate markets in the United States deemed 2014 yet another year that brought them closer to the ever-elusive Holy Grail of complete recovery. The evolution of the 2014 and 2013 Massachusetts housing market, which was in many ways similar to others in New England (and particularly to New Hampshire), was… Continue reading 2015 Massachusetts Real Estate Market Forecast
2013 Massachusetts Housing Market
Massachusetts real estate professionals are rejoicing at evidence that the state’s real estate market is surging ahead. “All signs indicate that we are very likely skimming the bottom of the real estate bust, and things are just beginning to look up,” wrote Judy Reynolds, Sterling Massachusetts Realtor, in a November 2012 post on the Massachusetts… Continue reading 2013 Massachusetts Housing Market
U.S. Real Estate Market Rebound
Recovery Forecast Not Until 2011 The U.S. real estate market will take at least three years to recover from its massive slump and it wont fully rebound from the mortgage mess until at least some time in 2011, Housing Predictor forecasts. Housing Predictor analysts forecast the overall U.S. economy will suffer from a recession as… Continue reading U.S. Real Estate Market Rebound
Top 10 Real Estate College Towns
Investors and parents shopping for rentals for college students might realize a sharp increase in rents when students go off to college this fall. Rents on homes and apartments rose an average of 4% in the U.S. in the last year, and higher rents are expected. Realtor.com released its second annual round-up of the top… Continue reading Top 10 Real Estate College Towns
Cities, States Respond to Foreclosure Crisis
By Mike Colpitts Since the federal government has only tried piece-meal solutions to resolve the housing mess cities and states across the U.S. are making their own changes to get the foreclosure crisis under control. New laws to help consumers have been passed in nearly three dozen states. San Bernardino County, California hard hit by… Continue reading Cities, States Respond to Foreclosure Crisis
Foreclosures Jump Resumes After Robo-Signing Slowdown
By Mike Colpitts Foreclosure starts rose for the first time in more than two years in May, signaling a resumption of formal bank repossessions of homes with mortgages in default after months of slower foreclosures. Initial filings were lodged against 205,990 U.S. residential properties, according to RealtyTrac. The increase accounted for a 9% hike in… Continue reading Foreclosures Jump Resumes After Robo-Signing Slowdown
Best Real Estate Housing Markets Through 2016
The best housing markets forecast for the next five years are composed of 10 cities scattered from Washington State to Florida. These 10 U.S. cities are projected by Housing Predictor to have the highest probability of appreciating the most for all cities in the nation through 2016. Most of the best real estate markets are… Continue reading Best Real Estate Housing Markets Through 2016
Foreclosures Drop Two Straight Months
By Mike Colpitts Demonstrating the U.S. largest five banks are following rules agreed to in their $25 billion settlement with 49 state attorney generals, foreclosures saw a drop for two straight months in March as lenders increased efforts with home mortgage holders, according to RealtyTrac. The drop in foreclosure activity showed there were 198,853 filings… Continue reading Foreclosures Drop Two Straight Months