We’ve all been watching the property market soar and home values appreciate at a record pace across the country.
The global pandemic has been a whirlwind across the world and has led to countries and financial institutions adapting to support their economies. Last year, despite being plunged into the first recession since the Global Financial Crisis, home values across the country rose, including here in Charlestown, Massachusetts.
According to the latest Existing Home Sales Report from the National Association of Realtors (NAR), the inventory of homes for sale this year compared to last year has increased for the last four months, all while sales of existing homes have slowed compared to last year’s [...]
Over the past few years, two trends have emerged in the housing market:
1. Home renovations have shot up
2. Inventory of homes available for sale on the market has dropped
A ‘normal’ housing market is defined by having a 6-month supply of homes for sale. According to the latest Existing Home Sales Report from the National Association of [...]
Real estate professionals get that consumers, by and large, ignore housing statistics and the market until they become involved in the purchase or sale of a home. It's only natural then that what impacts the market is a bit of a mystery to many. What determines a buyers' or sellers' market? What factors influence home [...]