Articles
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1 week ago |
homes.com | David Holtzman
The real estate firm Engel & Völkers recently put down stakes in the Richmond, Virginia, market, which is seeing substantial growth in single-family homes, townhouses and condos. Since 2008, the company, which has roots in Hamburg, Germany, has been growing its presence in the United States and now has more than 5,700 agents in about 250 offices.
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1 week ago |
homes.com | David Holtzman
It’s often thought that the best time of year to put a house on the market is in the spring, because people are more in the mood to be out shopping once the unpleasant winter weather is over. But there are other factors at play. One way to measure how much better the spring season — specifically, April through June — is for sellers is the median number of days a house is on the market.
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1 week ago |
homes.com | David Holtzman
A new effort in Boston aims to make housing a little more affordable in one of the country’s most expensive markets when multiple parties want to buy a home together. The city’s co-ownership program offers up to $50,000 in zero-interest loans for down payments and closing costs to each of the households buying a two- or three-unit home. To get such a loan, household income can’t exceed 100% of the area median income, or about $131,000 for a family of two.
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1 week ago |
homes.com | David Holtzman
With the supply of for-sale homes growing but still limited, prices in the Greater Boston housing market are reaching the stratosphere. The median price for a single-family home in the region reached $990,000 in April, a record high for the month, according to a report from the Greater Boston Association of Realtors. The median price for condos rose to $732,000, also a record. The inventory of single-family homes for sale jumped 43% in April from one year earlier, while condo supply grew 37%.
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2 weeks ago |
homes.com | David Holtzman
With mortgage rates staying high and widespread uncertainty about the economy, the number of existing single-family home and condo sales in April was the lowest for the month in 16 years. Sales fell half a percentage point month over month to 4 million, the National Association of Realtors said Thursday. But reflects a 2% drop from one year ago. It’s unclear whether the rest of the spring buying season, usually the time of year when sales are most brisk, will be better.
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