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Home Prices at Lowest Point in More Than 10 Years
NEW YORK (CNNMoney) — Home prices fell to their lowest point in more than a decade in January, but that helped to lift the pace of home sales, according to a report from an industry trade group.
The National Association of Realtors reported that the median home price in January fell 2% from December to $154,700. That’s the lowest price reading since November of 2001, before the run-up in home prices that became known as the housing bubble.
The median price is the point at which half of homes are sold for a higher price, and half are sold at a lower price.
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Mass. Home Sales Improve in November
Home sales rose 13 percent in November for the fifth straight month, a positive sign in the housing market that real estate trackers hope will carry over into next year.
“I’m hopeful that winding down the year on a positive note will stimulate the market in 2012,” said Timothy Warren Jr., CEO of the Warren Group, in a statement. “But, a reality check of the numbers shows we may see a record low number of home sales in all of 2011, somewhere near the level in the 1990s.”
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Housing Market Still in Recovery
Massachusetts’ housing downturn persists, despite attempts to reverse it
More than six years after the housing downturn began in Massachusetts, home sales are still painfully slow. Values remain 15 percent below their peak. Foreclosures, which slowed as banks wrestled with legal problems, appear to be accelerating again.
As another fall selling season nears its end, the housing market continues to …
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Massachusetts Home and Condo Sales Increase 15%
August home and condo sales in Massachusetts increased 15% over last year, making it the first time both types of housing experienced a sales increase in the same month, The Warren Group said in a report this week.
During August, 4,203 single-family homes sold in the Bay State, a …
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Home Sales Dive 20%
An uncertain economy, the lack of a homebuyer tax credit and tighter lending requirements sent home sales plummeting by 20 percent in the first half of the year.
“It’s discouraging,” said Karl Case, a retired Wellesley College economics professor and co-creator of the S&P Case-Shiller home-price index. “But it’s no surprise given last spring’s housing tax credit that fueled housing demand from March through June. Clearly, things have gone downhill from there.”
Sales of single-family homes fell to …
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Massachusetts Home Sales Drop
Bay State home sales fell last month for the first time in a year, according to reports yesterday.
The Massachusetts Association of Realtors said 3,212 single-family homes were sold in July, down 28 percent from a year ago. That was the biggest year-over-year drop since March 2008. The median home price rose 7.4 percent to $333,000.
Read more at Massachusetts home sales drop.
