With persistent inflation and higher long-term Treasury yields, the outlook for interest rates staying elevated into 2027 is becoming more realistic. As the Federal Reserve weighs the risks between ongoing inflation and signs of a slowing economy, there’s a lot of uncertainty about how soon we might see a return to lower rates. For buyers and sellers in the Massachusetts and Rhode Island markets, these higher yields can mean borrowing costs remain elevated—impacting everything from monthly mortgage payments to overall affordability. I’m always keeping a close watch on these trends to help my clients navigate a shifting landscape, whether you’re planning your next move or simply want to understand how changing rates could affect your options. Staying informed is key when the market is evolving.
Category: Latest Posts
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U.S. Home Prices Ease Across Major Metros
We're seeing a noticeable shift in the housing market lately: in Mid-Q3, the price per square foot dropped year-over-year in 36 out of the 50 largest metro areas across the U.S. Nationwide, this measure is down about 2% from the previous year, making it the tenth consecutive month of annual softening. As the quarter wrapped up, the momentum cooled further—many sellers began reducing their asking prices more aggressively, helping to bridge the gap between their expectations and what buyers are willing to pay. This is especially true in markets that experienced rapid growth during the pandemic, where higher mortgage rates continue to challenge affordability and keep buyers cautious. Inventory levels are now above pre-pandemic norms, and a number of these 'boom' markets are giving back some of their pandemic-era gains. If you’re considering buying or selling in Massachusetts or Rhode Island, it’s important to have a clear view of these trends—my focus is always on making sure you have the most current, relevant information to guide your decisions with confidence.
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Things To Watch in the US Housing Market This September
September brings a few notable shifts in the U.S. housing market that I’m keeping an eye on for my Massachusetts and Rhode Island clients. In August, we saw pending home sales dip by 0.2% and contract signings slip 3.7%. Median list prices have now edged down 1% for the tenth month in a row. Inventory rose by 3.6%, though it’s still well below what we saw before the pandemic—making affordability a continued challenge for many. As someone who’s walked buyers and sellers through a wide range of price points, I know how important it is to stay informed about these trends. If you’re considering your next move, these numbers help set expectations and guide smart decisions in today’s market.
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The best and worst states for first-time home buyer assistance in 2026
Navigating the world of first-time homebuyer assistance can be overwhelming, especially with such wide variations from state to state. In 2026, some states are offering generous benefits like forgivable loans, grants, and even student debt relief, while others provide only limited, repayable aid. The differences in loan terms and income qualifications can make a big impact on your options. Having worked with many first-time buyers throughout Massachusetts and Rhode Island, I know how important it is to understand what programs are available and how they fit your unique situation. The right guidance can make those upfront costs feel much more manageable—and make your path to homeownership a little smoother.
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Canadian Tariffs Inspire Innovative Home Building Solutions
If you're exploring the possibility of buying a new home, it's important to understand how factors outside your control can impact your budget. Recently, a 50% tariff on Canadian softwood lumber has pushed new home construction costs up by more than $10,900—of which $4,900 is directly due to increased lumber prices. Combined with rising wages and ongoing supply challenges, these changes are leading to fewer new homes being built and making it harder for builders to find skilled labor. As someone who guides buyers and sellers through the realities of today’s residential market in Massachusetts and Rhode Island, I know how these behind-the-scenes shifts can shape your experience. Staying informed is key for making decisions with confidence.
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Why Buyers and Sellers Are Stuck
Lately, I’m seeing what many of you are feeling: the real estate market is in a bit of a standoff. Higher mortgage rates are making it harder for buyers to justify monthly payments, so many are choosing to wait rather than make an offer. At the same time, I talk daily with homeowners who secured great rates in recent years and are understandably hesitant to move and give those up. This combination means fewer new listings and fewer buyers moving forward—pending sales are slowing down as a result. It’s a classic stalemate: buyers are holding out for better payment options, while sellers want to keep their low-rate loans. I’m here to help clients navigate these unique challenges, share strategies, and make informed decisions—whether you’re looking for your next home or thinking about selling in Massachusetts or Rhode Island.
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US Home Prices Face Real Value Erosion
Lately, I’ve noticed a growing disconnect between rising home prices and real value—a trend highlighted by recent data from Q2 2026. While national home prices continued to climb on paper, one federal index actually stayed flat from mid- to late-quarter after seasonal adjustments. The national index showed annual appreciation ticking up slightly to about 1.5% by late Q2, compared to 1% earlier, but that’s still nearly two percentage points behind the inflation rate of 3.5%. For the 13th consecutive month, real (inflation-adjusted) home values have slipped, although slower inflation and steadier nominal gains have softened the impact. One federal measure has shown positive annual growth every quarter since early 2012, which speaks to how resilient prices remain—even as purchasing power lags. As we move into the second half of the year, affordability remains front and center: typical monthly payments for existing single-family homes rose again last quarter, putting extra pressure on first-time buyers. Having helped many clients navigate the Boston and Rhode Island markets at a wide range of price points, I understand how challenging these shifts can be for buyers and sellers alike. Staying informed and prepared is more important than ever.
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Fannie Mae predicts home price shift
Fannie Mae’s latest forecast points to steady changes ahead: mortgage rates are expected to remain elevated through 2027, and home prices could rise about 14.7% by 2030, reaching an average of $576,000. While the pace of price growth appears moderate, a major downturn isn’t anticipated. For those navigating the Massachusetts or Rhode Island markets, I always encourage a close focus on what fits your budget and to look for negotiation opportunities. Having guided clients through a wide range of price points, I know how important it is to balance long-term value with current affordability—especially in a shifting market.
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Homebuilders Project Steady Margins Through Late 2026
The latest Homebuilder Executive Survey is pointing to ongoing margin pressure for builders through late 2026. With builder confidence dipping earlier this year, it’s clear that high mortgage rates and affordability hurdles are impacting both supply and demand in our local markets. As someone who closely follows trends in Massachusetts and Rhode Island residential real estate, I see how rising costs are pushing builders to rethink their strategies—whether that means focusing on inventory, adjusting their market positioning, or being extra selective with new acquisitions. For buyers and sellers, understanding these shifts is key to navigating today’s landscape.
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Single-Family Home Size Drops Slightly in Q2 2026
I’ve been watching new single-family home sizes shift over the past few years, and here’s an interesting update: after years of steady declines since 2015, we actually saw average sizes start to climb again from 2024, driven by more buyers seeking higher-end properties. In Q2 2026, the median new single-family home size landed around 2,185 square feet, with the average closer to 2,426 square feet—even as affordability remains a real challenge for many. For those navigating the Massachusetts and Rhode Island markets, understanding these trends can help set expectations on both the buying and selling sides. It’s all about balancing what you want in a home with what’s possible in today’s landscape.
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