It was a mixed month of May for the Massachusetts housing market as sales of single-family homes fell while sale prices edged higher.
Thousands of Bay State homeowners are underwater with their mortgages, but they are still faring better than many other states.
Home prices are continuing to fall across much of the country, according to the latest S&P/Case-Schiller index.
The Warren Group, publisher of Banker and Tradesman, says single family home sales in Massachusetts fell 28 percent in April, compared to the same month last year.
The Massachusetts housing market continued to struggle in April with sales and median prices both down from the same month last year, although the numbers were up when compared to March.
Some North Shore realtors are turning to a Salem-based witch to thelp them sell homes.
A new report says about 17-percent of Boston area homeowners are “underwater,” which means they have a mortgage balance that’s greater than their home’s value.
The brutal weather in February didn’t just fray nerves and make driving dangerous, it also sent sales of single-family homes in Massachusetts plummeting.
WBZ News Radio’s Financial Editor Dave Caruso reports sales of existing homes are down for the sixth month in a row, including here in Boston.
The number of completed foreclosures in Massachusetts increased 32 percent in 2010 compared with the previous year, and an expert is sounding a cautious tone for the year ahead.