Boston Real Estate Investors Association

FHFA Says Home Prices Up 6.3% Year Over Year

FHFA reports that home prices have increased by 6.3% compared to last year.

The most recent Federal Housing Finance Agency’s House Price Index (HPI) report shows a 6.3% increase in home prices between January 2023 and January 2024. Additionally, the seasonally adjusted monthly index for January rose by 0.1% from December. The FHFA HPI is a comprehensive collection of house price indexes that track changes in single-family home […]

FHFA reports that home prices have increased by 6.3% compared to last year. Read More »

The fourth quarter of ’23 witnessed a 3.3% increase in GDP.

News / Boston REIA

According to the U.S. Bureau of Economic Analysis, America’s real gross domestic product (GDP) experienced a 3.3% increase in the fourth quarter of 2023. This growth rate is 1.6 percentage points lower than the annualized increase in the previous quarter. For more details, you can read the full report at the U.S. Bureau of Economic

The fourth quarter of ’23 witnessed a 3.3% increase in GDP. Read More »

Flipping Activity Continues to Drop While Profits Continue to Rise

Despite profits continuing to rise, the activity of flipping has seen a decline.

News / Boston REIA

The latest U.S. Home Flipping Report from ATTOM reveals that in Q3, 2023, a total of 72,543 single-family houses and condominiums were flipped, accounting for 7.2% of all home sales during that period. ATTOM also reports that investor returns have been increasing for the past three quarters, with margins and raw profits reaching their highest

Despite profits continuing to rise, the activity of flipping has seen a decline. Read More »

Foreclosure Starts Rose in October - Real Estate Investing Today

Foreclosure initiations surged in October – Real Estate Investing Today

News / Boston REIA

According to Black Knight’s latest Mortgage First Look, the national delinquency rate decreased by 3 basis points to 3.26% in October. This represents a 9 basis point improvement compared to the same time last year. However, foreclosure starts increased to 33,000 in October, reaching their highest levels in 18 months. Meanwhile, the number of foreclosure

Foreclosure initiations surged in October – Real Estate Investing Today Read More »

Original: U.S. Homeownership & Rental Vacancy Rates for Q3 2023 – Real Estate Investing TodayRewritten: Homeownership and Rental Vacancy Rates in the United States for Q3 2023 – Real Estate Investment News

News / Boston REIA

The U.S. government has released data on national vacancy rates for Q3, 2023. The vacancy rates for rental housing were reported at 6.6%, while for homeowner housing, the rates were 0.8%. The homeownership rate for Q3, 2023 was 66%. Out of all housing units in the United States during this period, approximately 89.6% were occupied

Original: U.S. Homeownership & Rental Vacancy Rates for Q3 2023 – Real Estate Investing TodayRewritten: Homeownership and Rental Vacancy Rates in the United States for Q3 2023 – Real Estate Investment News Read More »

In September, there was a notable increase of 12.3% in new home sales.

News / Boston REIA

According to the U.S. Government, sales of new single-family houses in September 2023 reached a seasonally adjusted annual rate of 759,000, marking a 12.3% increase from the revised rate in August and a 33.9% increase from the same period last year. The median sales price for these new houses was $418,800, while the average sales

In September, there was a notable increase of 12.3% in new home sales. Read More »

Existing-Home Sales Down 2% in September

September saw a 2% decline in the sales of existing homes, according to authentic data.

News / Boston REIA

The National Association of Realtors (NAR) has reported a 2% decline in existing home sales for September, with a seasonally-adjusted annual rate of 3.96 million. This represents a 15.4% decrease compared to the previous year. Despite a 2.7% increase in total housing inventory from August, the inventory is still 8.1% lower than a year ago,

September saw a 2% decline in the sales of existing homes, according to authentic data. Read More »

Foreclosure Activity Rises by 28% in the Third Quarter of 2023

News / Boston REIA

According to the ATTOM Data’s Q3 2023 U.S. Foreclosure Market Report, the number of U.S. properties with foreclosure filings (default notices, scheduled auctions, or bank repossessions) has increased by 28% from Q2 and 34% from the previous year. In September alone, there were 37,679 U.S. properties with foreclosure filings, which is an 11% increase from

Foreclosure Activity Rises by 28% in the Third Quarter of 2023 Read More »

S&P CoreLogic Case-Shiller Index Up in July

The S&P CoreLogic Case-Shiller Index records a rise in July

News / Boston REIA

The latest report from the S&P CoreLogic Case-Shiller U.S. National Home Price NSA Index revealed a 1% annual change in home prices for July 2023. The 10-City Composite saw a 0.9% increase, while the 20-City Composite had a 0.1% increase compared to the previous year. Additionally, 19 out of the 20 major metropolitan markets reported

The S&P CoreLogic Case-Shiller Index records a rise in July Read More »

Housing Construction Plummets in August

News / Boston REIA

The U.S. government has released a report stating that privately-owned housing starts in August were at a seasonally adjusted annual rate of 1,283,000. This is 11.3% lower than the revised number for July and 14.8% lower than the same time last year. In August, there were 334,000 units in buildings with five units or more.

Housing Construction Plummets in August Read More »

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