Boston Real Estate Investors Association

Flipping Activity Continues to Drop While Profits Continue to Rise

Despite profits continuing to rise, the activity of flipping has seen a decline.

The latest U.S. Home Flipping Report from ATTOM reveals that in Q3, 2023, a total of 72,543 single-family houses and condominiums were flipped, accounting for 7.2% of all home sales during that period. ATTOM also reports that investor returns have been increasing for the past three quarters, with margins and raw profits reaching their highest […]

Despite profits continuing to rise, the activity of flipping has seen a decline. Read More »

Trust in media reaches new low

News / Boston REIA

According to Statista, a free press is crucial for holding governments accountable and informing the public, allowing voters to engage in political discussions and make informed decisions. However, Gallup data cited by Statista shows that an increasing number of Americans no longer trust the media. This situation reminds us of the saying “trust, but verify.”

Trust in media reaches new low Read More »

Existing-Home Sales Down 2% in September

September saw a 2% decline in the sales of existing homes, according to authentic data.

News / Boston REIA

The National Association of Realtors (NAR) has reported a 2% decline in existing home sales for September, with a seasonally-adjusted annual rate of 3.96 million. This represents a 15.4% decrease compared to the previous year. Despite a 2.7% increase in total housing inventory from August, the inventory is still 8.1% lower than a year ago,

September saw a 2% decline in the sales of existing homes, according to authentic data. Read More »

The August report reveals a decline of 8.7% in new home sales.

News / Boston REIA

According to the U.S. Government, new single-family home sales in August 2023 were at a seasonally adjusted annual rate of 675,000, which is 8.7% lower than the revised rate for July and 5.8% higher than the previous year. The median sales price for new homes sold in August was $430,300, with an average sales price

The August report reveals a decline of 8.7% in new home sales. Read More »