Tag:

Housing Affordability

MA Named Best State To Live In, New Study Says: Here's Why MA Named Best State To Live In, New Study Says: Here's Why
MA Named Best State To Live In, New Study Says: Here's Why From the best schools in the nation to some of the highest incomes, several Northeast states are among the best places to live, according to a new study. WalletHub released its 2025 list of "Best States to Live In" on Monday, Aug. 11. The study ranked all 50 states using 51 measures of livability, from housing affordability and income growth to education, health, and safety. Chip Lupo, a WalletHub analyst, said it's important to look beyond just economic factors. "When deciding on a place to move, you should first consider financial factors like the cost of living, housing prices, and…
Home Sales Tumble As Prices Set Records: Here's Why Home Sales Tumble As Prices Set Records: Here's Why
Home Sales Tumble As Prices Set Records: Here's Why US home sales dropped more than expected in June as buyers pulled back amid record-high prices and mortgage rates that have stayed high. Sales of previously owned homes fell 2.7% in June to a seasonally adjusted annual rate of 3.93 million, according to the National Association of REALTORS. Analysts had predicted just a 0.7% drop, CNBC reported. The median sales price nationwide rose 2% from June 2024 to $435,300, setting a new record. The report reflects contracts likely signed in April and May, when the average 30-year mortgage rate hovered above 6.8% and briefly topped 7%, according to M…
Home Sales Plummet, Prices Hit New January Record: How Tariffs Could Drive Costs Higher Home Sales Plummet, Prices Hit New January Record: How Tariffs Could Drive Costs Higher
Home Sales Plummet, Prices Hit New January Record: How Tariffs Could Drive Costs Higher Home sales fell in January as prices continued soaring, showing the financial strains potential buyers are facing. Existing-home sales declined 4.9 percent from December 2024 to a seasonally adjusted annual rate of 4.08 million in January, the National Association of Realtors (NAR) said in a news release on Friday, Feb. 21. The median home price climbed 4.8 percent year-over-year to $396,900, the highest amount ever in a month of January. In the Northeast, sales fell 5.7 percent from December to an annual rate of 500,000 homes, though they increased 4.2 percent from January 2024. The m…