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In June, home purchases experienced the highest rate of falling through on record.

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According to a recent report from Redfin, home purchases in June experienced the highest rate of cancellations on record, with 56k home-purchase agreements being canceled, equal to 14.9% of homes that went under contract that month. The report attributes this trend to higher housing costs causing buyers to get cold feet. Additionally, the median home […]

In June, home purchases experienced the highest rate of falling through on record. Read More »

Investor Share Rises as Home Sales Plummet to Lowest Levels in Over a Decade

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Realtor.com reports that investors have reduced their home buying activity in recent years. However, their latest report shows that investor share has increased despite purchasing fewer homes. The data was obtained by analyzing deed records from January 2000 to March 2024, both nationally and in the 150 largest US metros. The analysis only included single-family

Investor Share Rises as Home Sales Plummet to Lowest Levels in Over a Decade Read More »

Housing construction activity saw an increase in June as both housing starts and building permits rose.

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The U.S. government is reporting that privately‐owned housing starts in June, 2024 were at a seasonally adjusted annual rate of 1,353,000, which is 3% higher than May’s revised number but is 4.4% lower than one year ago. June’s rate for units in buildings with five units or more was 360k. Privately‐owned housing units authorized by

Housing construction activity saw an increase in June as both housing starts and building permits rose. Read More »

Get ready for the Back to School Sales Tax Holidays in 2024! Save big with OFFICE DEPOT AND BOSTON REIA DISCOUNTS

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Several states across the nation are holding off sales tax holidays for the back-to-school season. Whether you think this is good or bad public policy can be saved for another day; the bottom-line is saving your hard-earned money! The data has been provided by the Federation of Tax Administrators and actually covers the entire year

Get ready for the Back to School Sales Tax Holidays in 2024! Save big with OFFICE DEPOT AND BOSTON REIA DISCOUNTS Read More »

For the 12th consecutive year, Americans continue to favor real estate as their top investment choice.

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We have shared this information for several years now, and it remains relevant: According to a recent Gallup report, real estate continues to be the preferred long-term investment choice for Americans for the 12th consecutive year. The breakdown shows that 36% prefer real estate, 22% prefer the stock market, 18% prefer gold, 13% prefer CDs/bank

For the 12th consecutive year, Americans continue to favor real estate as their top investment choice. Read More »

Construction spending in the U.S. experienced a modest decrease in May.

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According to a report from the U.S. government, total construction spending in May 2024 reached a seasonally adjusted annual rate of $2,139.8 billion, marking a 0.1% decrease from the revised April figure. However, the revised estimate for May shows a 6.4% increase compared to the previous year. Residential construction was at a seasonally adjusted annual

Construction spending in the U.S. experienced a modest decrease in May. Read More »

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