Home-price appreciation is increasing across most of the U.S., demonstrating that the housing market is turning around after the most severe downturn since the Great Depression. Prices rose by 8.1% in January from the previous year, the largest gain in six and a half years in twenty major metropolitan cities.…
Homebuilders began working at a slower pace in January than December, but the decrease occurred in the area of apartment construction, which dropped twenty-four percent. However, the rate of single-family homebuilding increased 0.8 percent. Even though there was a decline, home construction in January was the third-highest since 2008 and…
After many slow years, home building is now steadily contributing to economic growth. An important factor has been the expansion of multifamily construction, such as apartment buildings and condominiums. Because of the housing crisis, homeownership is down especially among younger households. Also, the total number of households is down compared…
Home sales have risen compared to the same month in the previous year for eighteen straight months. December home sales were close to thirteen percent above the levels of a year ago. For 2012, sales were up 9% to 4.65 million, which is the highest annual sales total since 2007. Prices…
Many people who receive rental income from properties such as apartment buildings, single-family homes and retail shops will be hit with an investment surtax of 3.8% that began on January 1, 2013. This Medicare tax, which was passed as part of the Affordable Healthcare Act in 2010, will not affect…
Single-family home startups increased twenty five percent in 2012 nationwide from 2011. The National Association of Home Builders (NAHB) predicts that newly constructed homes will also increase another 35% in 2013. This momentum has provided hope that home building will again support the economic recovery. The industry’s recovery may be…
A measure of U.S. home prices jumped five percent in September 2012 in comparison with September 2011. This is the largest comparative growth since 2006. This increase evidences a sustainable housing recovery. The real estate data shows that prices declined 0.3 percent from August to September, but that monthly figures…
For the fifteenth straight month, the number of single-family homes and condos put under agreement has increased compared to the same month from the previous year according to the Massachusetts Association of Realtors. The pending numbers are a great indicator of actual housing sales for the upcoming two to three…
The number of single-family homes sold last month was the highest monthly total in almost two years in the state. 4,510 single-family homes were sold in May, and increase of close to 35 percent from last years total of 3,350. The Warren Group, a Boston company that tracks real estate, stated…
June was the strongest month for home sales in Massachusetts in two years. 5,498 single-family homes were sold last month, this is a twenty six percent increase from June 2011. This marked the highest volume of sales during any month since June of 2010. Condominium sales also jumped in June.…