Average Sales PriceJanuary 2025 – $1,891,316.85February 2025 – $$2,131,552.24increased by 13%Average Days On MarketJanuary 2025 – 79February 2025 – 67decreased by 15%Average Sale Price Per Square FootJanuary 2025 – $1,210.58February 2025 – $1,331.45increased by 10%Median Sales PriceJanuary 2025 – $1,200,000.00February 2025 – $$1,450,000.00increased by 21%Number of Sold ListingsJanuary 2025 – 87February 2025 – 67decreased by […]
As we approach the Federal Reserve’s upcoming meeting on March 18-19, 2025, the central question on many minds is whether the Fed will adjust its current interest rate range of 4.25% to 4.50%. This decision holds significant implications for various sectors, notably the housing market and mortgage rates. Current Economic Landscape Recent economic indicators present […]
The U.S. housing market has been on a rollercoaster ride over the past few years, driven by soaring home prices, record-low interest rates during the pandemic, and a sudden affordability crunch as mortgage rates surged. As mortgage rates show signs of declining, many are wondering: Will the market heat up again, or is a cooling-off […]
Massachusetts is making it easier for homeowners to add accessory dwelling units (ADUs) to their properties, thanks to new legislation under 760 CMR 71.00. This regulation, part of the Massachusetts Affordable Homes Act, aims to address the state’s housing shortage by encouraging the development of ADUs. Here’s what you need to know about your rights […]
According to MLSPIN, the marketplace for Boston residential properties, here’s what happened in December 2024 vs January 2025: The Number of SOLD listings decreased 36% to 80 properties with a top sale of $20.3 million at 150 Seaport Blvd #19C & E in Boston. The Average Sales Price increased 4% to $1.95 million and the […]
The Federal Reserve (Fed) has outlined its 2025 meeting schedule, providing insights into potential monetary policy decisions and interest rate adjustments. The Federal Open Market Committee (FOMC), responsible for setting the federal funds rate, has eight scheduled meetings this year: As of January 2025, the federal funds rate stands at a target range of 4.25% […]
If you’ve scrolled through Boston real estate listings in the last year or two, you’ve probably noticed a recurring theme: properties are in short supply, and what’s available sells at lightning speed. This isn’t your imagination—concrete numbers back it. Below, we’ll dive into some key stats comparing today’s housing inventory to the pre-COVID market. We’ll […]
If you’ve been focusing on the mortgage market lately, you’ll know just how topsy-turvy it’s become. One day, rates are inching down amid hopes of Federal Reserve interest rate cuts. The following signs of stubborn inflation keep borrowing costs stubbornly high. The latest inflation data—published just this morning—has only complicated the picture further, leaving homebuyers, […]
Regarding the real estate market, we often focus on interest rates, inventory, and buyer demand. However, trade policies—particularly tariffs—can have a significant but less obvious impact on housing costs, inflation, and even mortgage rates. The Trump administration’s aggressive use of tariffs as both a negotiating tool and economic policy offers a case study of how […]
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