Boston Pads Blog

boston real estate market

Massachusetts Real Estate Market Pinching First-Time Buyers

The lack of homes for sale in Boston and throughout the state of Massachusetts is creating an extremely competitive market that’s leaving out first-time buyers. In fact, the Massachusetts Association of Realtors reports that new homeowners in the Bay State comprise the smallest market share since 2003.

The percentage of first-time buyers in Massachusetts dipped from 41 percent in 2015 to just 35 percent in 2016.

homes for sale red hot across the nation

Home Sales Across the Country are White Hot

Sales of existing homes around the nation in March spiked to the highest level since February 2007, according to the National Association of Realtors (NAR). This represents a 1.5 percent increase from the prior month.

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Looser Lending Standards Boost Mortgage Approvals

Whether you’re looking to purchase your first home or refinance, it’s an excellent time to be in the market as lenders are making it easier to get approved for a mortgage.

millennial boston real estate buyers

Boston: A Top Destination for Millennial Homeowners

They’re moving up in the working world and starting families. They’re also the most likely demographic to use a real estate agent when purchasing a home.

Millennials are expected to make up 33 percent of homebuyers in 2017 and they’re making Boston one of the most popular places in the country to settle down.


Boston Apartment Rentals are Heating Up

Across the country and in major cities like Boston, apartment rentals are picking up steam due to a low supply of homes for sale and affordability issues.

According to the U.S. Census Bureau, 52 out of the nation’s 100 biggest cities had more renters than homeowners in 2015. Since 2009, 21 of those 52 cities have been home to a majority of renters versus home owners.