Tag Archives: The Warren Group

Single-family home sales in Massachusetts rose for the second straight month in June, according to the latest report from the New England-based Warren Group. Year-over-year, home prices also increased statewide for the ninth consecutive month.

May was a strong month for home sales in Connecticut, the Warren Group reported. According to the group, sales in the state rose 2.9 percent year-over-year to 2,356.

Foreclosure petitions, which signal the first step in the foreclosure process in Massachusetts, totaled 248 last month, which is the lowest level since 2006 when the Warren Group first began tracking foreclosure data. Foreclosure deeds, or completed foreclosures, fell 68 percent to 251 in May compared to 796 a year ago.

Massachusetts foreclosure starts and completions plummeted over the last year in April, the Warren Group reported. For the month, the number of foreclosure petitions, which mark the first step in the foreclosure process in the Bay State, stood at 370, down 79 percent from April 2012 when there were 1,750 foreclosure petitions.

Another spike in home prices drove Massachusetts sales down for the third straight month in April, according to the Warren Group. The group reported 3,504 single-family home sales in the Bay State in April, a 1 percent decline from last year. The median price for single-family homes sold in April was $313,000, a 14 percent year-over-year spike.

Sales for single-family residences dropped in the first quarter of this year, marking the first decrease since the fourth quarter of 2010, The Warren Group reported. Single-family home sales in the state fell year-over-year by 3.5 percent to 4,067 in the first quarter. Although sales were down, prices were up. The median price for a single-family home in Connecticut rose by 9.3 percent to $235,000 in the first quarter, up from $215,000 a year ago.

Massachusetts experienced a steep 82 percent year-over-year drop in foreclosure starts in March, according to a report from The Warren Group.

Markets around the country suffered from inventory shortage in February, and Connecticut was no exception, according to data from the Warren Group. The real estate data provider's February report shows single-family home sales dropped 7.7 percent year-over-year in the Constitution State, decreasing to 1,149. The decline puts an end to a 13-month streak of year-over-year sales improvements.

Foreclosure activity in the Bay State plunged year-over-year in February, according to a report from The Warren Group. Foreclosure petitions, which mark the first step in the foreclosure process in Massachusetts, fell by more than 38 percent to 856 in February, down from 1,394 in February 2012.

Mortgage originations in the New England region hit a five-year high in 2012, The Warren Group reported. According to the company's Mortgage MarketShare Module, Massachusetts, Connecticut, and Rhode Island all recorded strong activity last year, with the Bay State showing the most strength.