Charts

Scroll Down: Three Rows of Charts

Mortgage Rates


Massachusetts mortgage rates, updated daily.
Source: Bankrate.com.

Left: Four S&P/Case-Shiller Home Price Indices – Percent Change From a Year Ago
Right: Two S&P/Case-Shiller Home Price Indices – Monthly Index Levels

The S&P/Case-Shiller Home Price Index is highly regarded for its methodology. By recording repeat sales of the same, single-family homes, it avoids distortions due to market shifts — for example, a change in consumer preferences, or a random increase in sales of a given price range.

Boston MSA indicates the Boston Metropolitan Statistical Area (MSA), a market area widely used for reporting economic data.

For the Boston MSA, as reported by the Index, the peak of the recent bubble was September 2005, and the trough was March 2009. In June 2010, its latest report, the Index was back to its level of October 2003, and 13.49% below its peak. The Index was designed so that January 2000 = 100.

None of the Indices shown here are adjusted for inflation or seasonality.

It comes as no surprise that, in 2010, PENDINGs peaked on April 30, the tax credit deadline for putting a home under agreement, while SOLDs peaked on June 30, the original deadline for closing.

Boston MSA indicates the Boston Metropolitan Statistical Area, a market area widely used for reporting economic data.

Existing Homes include single-family houses, townhouses and condos. PENDINGs represent the moment of economic decision, and are predictive of future SOLDs.

Source: MLS PIN.

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