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housing statistics: 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)

housing statistics: MA residential property inventory down - 10/29/08 06:55 PM
A needed step appears to be taking place in the Massachusetts housing market. The Massachusetts Association of Realtors® reported September 2008 market data recently, and the housing correction continues.
Feel free to read all about it over at Bay State Realtor News. Here is an excerpt:
“The inventory of residential properties on the market as of September 30, 2008 decreased 13.6 percent compared to the same time last year (from 53,957 listings in 2007 to 46,598 listings in 2008). At the current sales pace, this represents approximately 10.2 months of supply, a decrease from 12.0 months of supply in September 2007. … (0 comments)

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

Ipswich, MA

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Buyer's Choice Realty

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