Mass. Realtor Indexes Reach All-Time Highs
Two key indexes of home-sales activity in Massachusetts hit all-time highs in May, although there are still problems with obtaining financing, according to the Massachusetts Association of Realtors (MAR).
The group's Market Index, which measures residential real estate market sentiment, rose to 60.38 on a 100-point scale last month, a gain of 115 percent over May 2011. It represented the highest point the index has reached since the MAR has been tracking the data. Meanwhile, the Price Index hit 62.38 in May, up more than 60 percent from the May 2011 reading of 38.89.
However, 47 percent of realtors responding to the survey feel their clients are having a more difficult time securing financing than they were last year, indicating still-tight lending restrictions for would-be buyers.
Read more
WBJ Web Partners
Most Recent
Most Recent
0 Comments