Boston Real Estate Investors Association

Author name: Boston REIA

Demand for mortgages for second homes has dropped to its lowest level in eight years.

The Decline in Mortgage Demand for Second Homes We recently posted about how there are around 6.5 million second homes in America. With that in mind, a recent report form Redfin says mortgage demand for second homes has fallen to an 8-year low. Specifically, they say mortgage-rate locks for second homes fell 13.1% year over

Demand for mortgages for second homes has dropped to its lowest level in eight years. Read More »

Even as inflation continues to increase, Americans are still maintaining their spending habits.

Americans Continue to Spend Despite Rising Inflation According to Statista, inflation in the United States is on the rise, but that hasn’t stopped Americans from continuing to spend. Census data shows that monthly retail and food services sales have remained steady through July, indicating that consumers are still willing to open their wallets despite economic

Even as inflation continues to increase, Americans are still maintaining their spending habits. Read More »

CoreLogic’s latest report on US home prices for September 2024 reveals a continued upward trend in the housing market.

CoreLogic Home Price Insights Report: July 2024 According to the latest CoreLogic Home Price Insights (HPI) report, home prices nationwide, including distressed sales, increased year over year by 4.3% in July 2024 compared with July 2023.  On a month-over-month basis, home prices grew by 0.01% in July 2024 compared with one year ago. CoreLogic says

CoreLogic’s latest report on US home prices for September 2024 reveals a continued upward trend in the housing market. Read More »

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