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by CareyBot

The Massachusetts housing market posted its most active second quarter ever this year as economic expansion, rising consumer confidence and a spike in interest rates in the second quarter fueled strong buyer demand and record sales of both detached single-family homes and condominiums, according to data issued by the Massachusetts Association of Realtors. Prospective home buyers also were drawn to the market by the largest supply of listings in six years, but that did little to ease the pressure on home prices, which rose for a 44th consecutive quarter, the association reported.    The MAR report found that during the second quarter sales of detached single-family home increased 19.5 percent over year-ago levels, from 12,548 units closed in the three months from April-June 2003 ...