Boston Real Estate Market Report

Posted by: admin on: February 25 2010 • Categorized in: Weekly Market Report

Existing Home Sales in January fell 5.3%
Inventories fell in January 2.7% and a 9.6 month supply.
1st time Jobless Claim filings rose by 22,000 and has risen 6 out of 8 weeks in 2010.
Durable Goods soared in January up 3% which was the biggest gain since July. A durable good is a product that last at least 3 years which include airplanes, cars, electronics, appliances, business equiptment.
30 Year Fixed Rates increased to 5.3% from 4.94% a week ago.
15 Year Fixed Rates increased to 4.35% from 4.33% a week ago.