Real News You Can Use for Home Buyers Vol. 4 Issue 6
Real News For Homebuyers – January 2022Lead Story: Boston is Racing to Build More New Homes as Demand Surges
Real News For Homebuyers – January 2022Lead Story: Boston is Racing to Build More New Homes as Demand Surges
Massachusetts captured the No. 1 spot thanks to second-place rankings in the affordability and education/child care categories. The state also boasted the third lowest infant mortality rate and the fifth-highest percentage of residents 12 years old and older who are fully vaccinated against COVID-19.
U.S. Housing Supply to Remain a Major Challenge for Home Buyers in 2022. While housing supply remains low, buyers will continue to compete for homes.
Last year was one for the real estate history books. The pandemic helped usher in a buying frenzy that caused home prices to soar nationwide by a record 19.9%. However, there were signs in the fourth quarter that the red-hot housing market was beginning to simmer down. In the month of October, only 60.3% of sales involved a bidding war—down from a high of 74.5% in April.2
2021 was a fascinating year for the real estate market — particularly in the Greater Boston Area. Over the past 12 months. The Hickman-Coen Home Team tracked all the breaking news in our “Real News You Can Use” newsletters. Check out the stories which most interested our readers in 2021
2022 will be our 6th Year Publishing “Real News You Can Use.”
Thank you for your continued readership!
The FHA has announced new loan limits for 2022. The amounts have increased 18%.
September 2021 marked the first month since May 2020 in which annual home price growth decelerated, with home prices increasing 19.5% year over year, down from 19.8% in August.
Homebuyers today are facing a huge dilemma. There simply aren’t enough homes for sale.1
Nationwide, there were 1.27 million active listings in September, down 13% from the previous year. According to the National Association of Realtors, that’s about 2.4 months of inventory, which is far less than the six months that is generally needed to strike a healthy balance between supply and demand.2
Given the limited number of available properties, if you’re a buyer in today’s market, you may need to expand your search to include both new construction and resale homes. But it can feel a little like comparing apples to oranges.
You may be wondering if now is a good time to buy a home…or if interest rates are projected to rise or fall. The free eGuide below will answer many of your questions and likely bring up a few things you didn’t even know you should consider when buying a home.
Our September eNewsletter is Out!
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