Record-breaking home prices couldn’t keep buyers away from the real estate market in June. The median price of a Massachusetts single-family home reached $555,000 in June, according to real estate analytics firm The Warren Group. That’s a new all-time high, and a 26.1 percent jump over June 2020, when the median Massachusetts house was $115,000 cheaper. […]
Mortgage rates fall back down to 2.9%
The average 30-year fixed-rate mortgage fell eight basis points from the week prior to 2.9%, according to data released Thursday by Freddie Mac‘s PMMS. According to Sam Khater, Freddie Mac’s chief economist, last week’s dip followed the concurrent drop in U.S. Treasury yields earlier this week. “While mortgage rates tend to follow Treasury yields closely, other factors […]
A running list of the cost to rent in nearly 2 dozen Mass. cities (July edition)
Only four Eastern Massachusetts cities saw year-over-year increases in the median rent, with Salem leading the way, according to a report the Zumper real estate site released June 30. Salem experienced a surge in the median cost for a one-bedroom unit (24.8 percent), followed by Lawrence (15 percent), Lowell (7.4 percent), and Lowell (7.4 percent). Everett saw […]
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