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home sales: Pending home sales down across country; Northeast no exception - 01/06/09 12:40 PM
The National Association of Realtors® reported today that their forward-looking statistic, “Pending Home Sales Index“, based on contracts signed on previously owned homes, is down nationwide. With the economy going down the drain, huge job losses in many sectors, and consumer confidence very low, this number is no surprise.
Here in the Northeast, the numbers are the worst. The index dropped 7.2 percent to 63.2 in November and is 14.6 percent below a year ago.
Is there light at the end of the tunnel? Perhaps. The NAR’s “housing affordability index”, a complicated relationship between prices, mortgage rates, and family income, is … (2 comments)

home sales: July home sales in Massachusetts and on the North Shore - 09/04/08 10:38 AM
The following numbers come from the Massachusetts Association of REALTORS® (MAR). Surprise surprise, prices are down as are the number of units sold. It is interesting to note that condo prices statewide dropped a very small amount on average. The towns north of Boston were hit a little harder, with both single-family and condo prices dropping 12.1% versus a year ago. As always, real estate is local, and some towns are very insulated from the effects of these price drops. That said, it is quite a buyer's market right now, with plenty of inventory and lower prices. When this whole thing … (0 comments)

 
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John Morrison - Boston area real estate - Exclusive Buyer's Agent, CBR

Ipswich, MA

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