Home sales hit new price record in June – The Boston Globe




A powerful combination of low mortgage rates, high demand, and few choices have pushed home prices in Greater Boston and across the state to record highs.

The median sale price of a single-family home in the metro region was $585,000 in June, and for condominiums it was $505,000 — both records for the month, the Greater Boston Association of Realtors said Tuesday.

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Statewide, home prices cracked new levels, as well, hitting $372,000 for a single-family home, breaking a record set in August 2005 during the last housing boom, according to data from the Warren Group. June’s $345,000 median condo price was also a record.

Prices in Greater Boston are also increasing at a much faster rate. The median sale price for

... read more at: https://www.bostonglobe.com/business/2016/07/26/home-sales-hit-new-price-record-june/PVDUpgVJ62C0K0FlJEfeEN/story.html

Home prices have finally recovered from the housing crash

NEW YORK (CNNMoney) – It’s taken 11 years, but home prices have finally climbed back to pre-crash levels.

The median home price in the U.S. was $231,000 last month, according to a report from ATTOM Data Solutions (formerly RealtyTrac). That’s 9% higher than a year ago and 1% above the previous record of $228,000 hit in July 2005.

Median home prices have be rising on a national level every month for more than four years, and it’s created an affordability issue in many housing markets.

Last month, sellers sold their homes for an average of $41,000 more than their purchase price.

“It’s really upping the ante against buyers,” said Daren Blomquist, senior vice president at ATTOM.

Wages have remained relatively stagnant since the financial crisis while lenders have become more stringent with their borrowing terms.

Rents have also been on the rise, making it difficult for wanna-be homebuyers to save for a down payment.

But there is

... read more at: http://www.ksat.com/consumer/home-prices-have-finally-recovered-from-the-housing-crash

Oregon Local News – Portland-area home prices at a new high

Average dwelling now costs $412,000 as the housing shortage continues region-wide

The average sales price of a home in the Portland region hit a new record high of $412,000 in June, up 2.4 percent from the previous month and 11.5 percent from a year ago.

The jump happened despite an increase in homes for sale in June. The 4,501 new listings were an increase of 8.6 percent over May and the strongest June for new listings since 2008, according to the monthly Market Action report by the Regional Multiple Listing Service released last week.

The price increase reflects the fact that, although more homes came on the market in June, there is still a shortage of homes for sale in the Portland region, compared to historic inventories.

Lennox Scott, chairman and

... read more at: http://www.pamplinmedia.com/nbg/142-news/316406-195718-portland-area-home-prices-at-a-new-high-

More condos coming: A 96-unit project is proposed for Austin Street in Westbrook

A large condominium project proposed for Austin Street is the latest in a series of  development plans in Westbrook, and at 96-units, could add to the public pushback about the city’s rapid growth spurt.

The project will be introduced to the Westbrook Planning Board during its regular meeting on Tuesday, Aug. 2, at 7 p.m.

The project, at 388 Austin St., a quiet, dead-end road near Pride Street, would take up 29 acres of open land behind a few residential properties. The property was formerly owned by resident Ellen Fitzgerald, and a purchase-and-sale agreement with real estate investor Michael Messer and developer Tim Ly of MaineLy Property Management was reached.

The preliminary sketch plan calls for eight, two-story buildings, each with 12 units. The units are planned to be up to three bedrooms.

Ly said Wednesday that, based on the property and the current market, he hopes for a successful project there, but also

... read more at: http://news.keepmecurrent.com/more-condos-coming-a-96-unit-project-is-proposed-for-austin-street-in-westbrook/

Home Prices Have Finally Recovered From the Housing Crash

Home For Sale Real Estate Sign and House

NEW YORK  — It’s taken 11 years, but home prices have finally climbed back to pre-crash levels.

The median home price in the U.S. was $231,000 last month, according to a report from ATTOM Data Solutions (formerly RealtyTrac). That’s 9% higher than a year ago and 1% above the previous record of $228,000 hit in July 2005.

Median home prices have be rising on a national level every month for more than four years, and it’s created an affordability issue in many housing markets.

Last month, sellers sold their homes for an average of $41,000 more than their purchase price.

“It’s really upping the ante against buyers,” said Daren Blomquist, senior vice president at ATTOM.

Wages have remained relatively stagnant since the financial crisis while lenders have become more stringent with their borrowing terms.

Rents have also been on the

... read more at: http://whotv.com/2016/07/28/home-prices-have-finally-recovered-from-the-housing-crash/

Runstad Center report: Addressing condo construction defect liability may help promote affordable housing in Seattle

July 28, 2016

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