Existing home sales were down by 1.9% from March to a seasonally adjusted annual rate of 4.14 million in April, according to new data from the National Association of Realtors (NAR). Compared to the previous year, sales were also down by 1.9% from 4.22 million in...
The monthly median selling price for single-family homes in the Boston area reached a record high in April of $950,000, according to data from the Greater Boston Association of Realtors (GBAR). This represented a 16.2% year-over-year spike from the median of $817,250...
Refinancing helped fuel an increase in mortgage application activity for the week ending May 17, according to new data from the Mortgage Bankers Association (MBA). The Market Composite Index, the MBA’s measure of mortgage loan application volume, increased 1.9% on a...
The median asking rent nationally in April for 0-2 bedroom units declined year-over-year by 0.7% to $1,723, according to new data from Realtor.com. This marked the ninth consecutive year-over-year drop, with declines recorded in all size categories of rental housing....
The global market for tiny homes is predicted to grow by $4.82 billion from 2024 to 2028, with an estimated compound annual growth rate of 5.3%, according to a new forecast published by Technavio. The growing popularity of tiny homes is attributed to their lower...
The U.S. Department of Veterans Affairs announced plans to publish a circular that would address the buyer commission prohibition on VA loans. The circular, which is planned to be issued by June 12, would address the changes to broker commissions enacted by the...
Hits and Misses for the Real Estate Week of April 27-May 1
