Needham Real Estate: Housing Market Update

Although the stock market remains strong with the Dow once again reaching above 11,000 last week, the real direction of the economy is not immediately clear. According to the Massachusetts Association of Realtors, pending sales for Bay State single-family homes fell 19 percent in September 2010 when compared with September 2009.  “Concerns over the economy and … Read more

The Tale of Two Headlines

We received in our email today the daily news from Banker and Tradesman. The two lead headlines read: 1) Bay State New Construction Permits Up In January Permits for new home construction in Massachusetts rose 44 percent year-over-year in January, according to numbers from the U.S. Census Bureau. 2) Existing Home Sales Unexpectedly Plunge In January Sales … Read more

Positive Housing Reports from the Warren Group & MAR

In reports released today, both the Warren Group and the Massachusetts Association of Realtors (“MAR”) cited positive growth in the Massachusetts real estate market. The Warren Group, which publishes Banker & Tradesman, reported a 9.6% increase ($285,000 from $260,000) in the median sales price for Massachusetts single family homes from January 2009.  The group also … Read more