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"We (www.keyprimerealty.com 📞781 790 4440) follow the real estate trends very closely. An interesting article from ResiClub throws light on winners and losers from the pandemic. It is a tale of 2 cities. Some such as Home builders outperformed the market average significantly whereas the brokerages such as Redfin, Exp hurt very bad due to low transaction volume. Institutional property owners and landlords did just about OK, a little better than the brokerages.
#RealEstateBoom #PandemicPropertyWins #HomeMarketSurge #HousingMarketBoom #PandemicProfits #WinningRealEstate #RealEstateBust #PandemicPropertyLosses
#HousingMarketStruggles #PropertyDownturn #RealEstateWoes , #MarketCrash #PandemicRealEstate #RealEstateTrends #COVIDPropertyImpact #RealEstateShift
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***June 2024 - Producer Price Index - Residential Construction***
We (www.keyprimerealty.com 📞781 790 4440) work with several new construction buyers/sellers. Producer Price Index (PPI) published recently by US DOL - BLS, shows the prices of inputs to residential construction haven’t changed much Month over Month. YoY, there is a good reduction in some of the highly weighted items that go into new home build such as Softwood Lumber. We pulled some charts from FRED Economic Data. These are eye opening on how the construction materials have gone up since Jan 2020. The Inflation / Supply Chain disruptions have indeed taken a toll on the overall cost of materials that go into a new home construction. There are some significant increases in costs. Despite all this, the home builder’s confidence index is so high as the margins are pretty good as they have excellent pricing power considering the home price appreciation during this period due to the supply gut. Thought this is useful for those who might be interested in buying new constriction or better yet if someone wants to build their own home!!
#PPI , #ProducerPriceIndex , #ResidentialConstruction ,#ConstructionCosts, #HousingMarket, #BuildingMaterials, #ConstructionEconomics, #ConstructionIndustry,
#RealEstateMarket, #HomeBuilding, #ConstructionPrices, #EconomicIndicators, #HousingEconomics, #MarketTrends, #ConstructionData ... See MoreSee Less

***CPI Print on 07/12/2024 – Shelter is Hot But Moderating ***
Our (www.keyprimerealty.com 📞781 790 4440) read on recent CPI report and its relevance to Housing: Shelter costs rose 0.2% Month Over Month and 5.2% Year Over Year. This weigh heavy in the core CPI which is at 3.0% for the last 12-month period. This is well above the Fed’s target of 2% . The Shelter portion of CPI is a lagging indicator. Rents which are a major part don't turn until they renew which is typical at yearly intervals. With a huge apartment supply coming online, the rents shall stabilize and, in some markets, even show some decreases which should help future CPI prints. The other parts of Shelter may still be hot such as owner equivalent Rent & Hotels etc. Hope this improves as the year progresses and there by some Fed Rate cuts and an overall better picture for housing market.

#CPI , #CPIReport ,#Inflation , #EconomicData ,#EconomicNews
#Finance , #Economy , #InflationReport , #EconomicIndicators
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See below the median sale price of homes in MA for the last 11 Years.(Chart from www.keyprimerealty.com) This shows how the bystanders in purchasing a home lost opportunity in waiting for correction. 2009 was once in a generation crash. Barring some corrections here and there, Home prices tend to beat inflation and generate wealth for homeowners. If you have the means and you know you stay at a place long enough, then go for a purchase instead of trying to time the market. If last decade is any indication, timing the market proved to be a fool’s errand !!

#HousingMarketCrash, #HomePricePlunge, #RealEstateCrash, #MarketDownturn, #PropertyPriceDrop, #HousingBubbleBurst,#RealEstateCrisis, #HomeValuesDown, #PropertyMarketCrash,#HousingCollapse ... See MoreSee Less

*** Inventory Improvement (7528 last year June to 8124 this June) *** We (www.keyprimerealty.com 📞781 790 4440) work with a lot of Home Buyers and look for any signs of Inventory Recovery which is one of the most important factors in stabilizing the price increases despite high interest rates. We finally have seen a good sign. See below the listing count from our MLS. There is a noticeable improvement in listing count from June of last year to this year. This is still much lower from previous years, but the "Lock-In" effect finally seems to be thawing a bit. Despite interest rates staying at similar levels as last year, finally sellers seem to come out. This is just one month’s data. We will bring out how June inventory turns out. Stay tuned as we extract the data in the first week of August Report to you!
#InventoryImprovement #RealEstateTrends #HomeBuyers #MarketAnalysis #ListingCount #MLSData #LockInEffect #SellerMarket #InterestRates #HousingMarket ... See MoreSee Less

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***Closed Recently*** Congrats to our (www.keyprimerealty.com 📞781 790 4440) buyers who got to close these properties in the past couple of weeks. Tight inventory. Common Multi-Offer situations. Bidding Wars. Sale to List is above 100% in most towns. High Interest Rates. Yet the buyers made it to the finish line. Despite a proven track record, we are always looking forward to work for that one NEXT client. If not for you, refer someone who might be looking to hire a realtor. Just have them interview us for the JOB!!

#RealEstateSuccess #homebuyers #closeddeals #BiddingWars #tightinventory #multioffer #highinterestrates #aboveasking #happyclients #nexthome #realtorlife #realestateagent #referafriend #keyprimerealty #Congratulations #homesweethome ... See MoreSee Less

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***Under Contract Sales*** Congrats to our (www.keyprimerealty.com 📞781 790 4440 ) clients who put these homes under contract. With one month or less supply of homes in most towns, it was a challenging ordeal to get these pass through the initial stages of the sale process. Our clients went above and beyond and so is the agent working for them. Interview us to see what we can do for you!

#RealEstate #undercontract #HomeSale #realestateagent #homebuyers #propertymarket #HouseHunting #realestatelife #homesweethome #RealEstateExperts #marketupdate #homesellers #RealEstateSuccess #Congrats #sold #justlisted #keyprimerealty #happyclients #dreamhome #realestategoals ... See MoreSee Less

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***Massachusetts Association of Realtors (MAR) housing report for May 2024*** (www.keyprimerealty.com 📞781 790 4440) If you are in the market or just interested in tracking the market – hope you find this summary helpful. For a more detailed report go here - www.keyprimerealty.com/mar-reports

#marhousingreport #RealEstateTrends #massachusettsrealestate #housingmarketupdate #MarketSummary #HomeBuying2024 #RealEstateInsights #keyprimerealty ... See MoreSee Less

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