in News > Residential Mortgage
print the content item
The Massachusetts Association of Realtors (MAR) reports that sales of both single-family homes and condominiums experienced their largest May increase since MAR been tracking monthly data. For the third consecutive month, the number of single-family homes for sale also went up compared to the year before.

There were 3,911 detached single-family homes sold this May - a 31.5% increase from the 2.975 homes sold the same time last year. The May condominium market was up 32.4% compared to the same time last year (from 1,235 units sold in 2009 to 1,635 units sold in 2010).

MAR President Kevin Sears urges Congress to extend the tax credit deadline for buyers already in the pipeline, noting that some buyers who previously met all the qualifications for the tax credit might not be able to close by the June 30 deadline.

“It would be terrible for those buyers if they were not able to complete the purchase in time to claim the credit," Sears says.

The entire May home-sales report is available on MAR's website.

SOURCE: Massachusetts Association of Realtors


Six important questions you need to ask about your compliance process. Click to download the buyers guide._id1144


Latest Top Stories

NAR: Existing Home Sales Stagnant In March

Lawrence Yun, chief economist for NAR, says the trend is troubling because "there really should be stronger levels of home sales given our population growth."


RealtyTrac: 9.1 Million Homes Still Seriously Underwater In Q1

Although home values have increased more than 12% on average during the past year, there were still about 9.1 million properties "seriously underwater" as of the first quarter, according to RealtyTrac’s U.S. Home Equity & Underwater Report.


Greenwich Estate Sells For Record $120 Million

Copper Beech Farm, a 51-acre property and mansion located on the waterfront in Greenwich, Conn., hit the market last spring with an asking price of $190 million.


AMCs Generally Receptive To Proposed 'Minimum Requirements' Rule

The rule would require all AMCs that operate in states that have supervisory programs to register in those states and to allow those states to have authority over their licensing.


Major Metros Showing 'Early Signs' Of A Housing Bubble

Among the 35 largest metros nationwide, more than half of homes currently listed for sale are considered unaffordable by historical standards, according to a recent report from Zillow.

LenderLive_id1164
Hse SandyHook
Orb Mobile
Play for Pink
FedHomeLoan_id1130
Superior Home_id1078
SWBC_id1156