Consumer Price Index Declines in April
Consumer Price Index Declines in April The U.S. Bureau of Labor Statistics is reporting that the Consumer Price Index for All Urban Consumers (CPI-U) declined 0.8%Â in April, which BLS says was the largest monthly decline since December, 2008. Interestingly, they do report that, overall, during the last 12 months, the all items index increased […]
Memorial Day 2020
Memorial Day 2020 Monday, May 25th is Memorial Day. For most Americans, even during our current pandemic, the three-day weekend will mark the unofficial start of summer. However, the solemn significance of the day is often forgotten. It is actually a national day of remembrance for those men & women who, while wearing the uniform […]
Home construction dropped nearly 44% in the Northeast in April
Home construction dropped nearly 44% in the Northeast in April Construction of single-family homes in the United States overall plummeted 25.4% to an annual rate of 650,000. The post Home construction dropped nearly 44% in the Northeast in April appeared first on Boston.com Real Estate.
Housing Starts & Permits Drop Dramatically Due to Pandemic
Housing Starts & Permits Drop Dramatically Due to Pandemic The U.S. government is reporting that privatelyâowned housing starts in April were at a seasonally adjusted annual rate of 891k, which is 30.2% below Marchâs revised number. Aprilâs rate for units in buildings with five units or more was 234k. Privatelyâowned housing units authorized by building […]
AAA Declines to Issue Memorial Day Travel Forecast â 1st time in 20 years
AAA Declines to Issue Memorial Day Travel Forecast â 1st time in 20 years For the past several years we’ve posted the annual AAA Memorial Day Travel forecast – the unofficial start of summer! However, under the current circumstances, and for the first time in 20 years, AAA will not be issuing a travel forecast […]
Young are joining the rich fleeing Americaâs big cities for the suburbs
Young are joining the rich fleeing Americaâs big cities for the suburbs While the wealthy have settled into their second homes, many young people are leaving expensive shoe-box apartments to shelter with their parents in the suburbs. | realestate.boston.com The post Young are joining the rich fleeing America’s big cities for the suburbs appeared first […]
Foreclosure Activity Hits Historic Lows
Foreclosure Activity Hits Historic Lows According to ATTOM Data, there were 4,148 U.S. properties with foreclosure filings in April, down 70% from March and down 75% from one year ago. That equates to one in every 9,639 properties receiving a foreclosure filing during April. ATTOM says this isn’t surprising since the federal government imposed a […]
US long-term mortgage rates ease (May 21)
US long-term mortgage rates ease (May 21) A year ago, the rate stood at 4.06%. Read more on the real estate market at realestate.boston.com. The post US long-term mortgage rates ease (May 21) appeared first on Boston.com Real Estate.
Most Buyers Want a Home Office
Most Buyers Want a Home Office With the Coronavirus pandemic forcing people to work from home (if they’re able) the number-crunchers over at the NAHB’s Eye on Housing reexamined some data. They took another look at the 2018 NAHBâs consumer preference study (the most recent available), What Home Buyers Really Want and discovered that 65% […]
Homeowners who delayed their mortgage payments wonât be shut out of the market after all
Homeowners who delayed their mortgage payments wonât be shut out of the market after all Borrowers will be able to obtain new loans three months after their forbearance period ends. The post Homeowners who delayed their mortgage payments won’t be shut out of the market after all appeared first on Boston.com Real Estate.