Ticker: April single family home sales rise; Ramaswamy takes stake in BuzzFeed
The 3,100 Massachusetts home sales recorded in April represent the largest year-over-year increase since June 2021.
Real estate market analysts at The Warren Group said April’s single family home sales volume represented a 6.8% climb over the 2,902 sales recorded a year ago and just the third time in nearly three years that the numbers were up from the same month a year prior (following tiny increases in January and February of this year).
Cassidy Norton, The Warren Group’s associate publisher, called April’s sales “a positive sign for both buyers and sellers” but stressed that sales volume alone doesn’t tell the whole story.
The median single-family home sale price rose 9.9%, hitting $610,000 last month, a new all-time high for the month and the first time the median home price has crossed the $600,000 ceiling this year.
“The market has been exceedingly tight in recent years as mortgage rates and building costs rose. More sales didn’t move the needle on home prices, however; the median single-family home sale price in April rose nearly 10%,” Norton said, adding that last month’s median price was not far off the record high of $615,000 set in June 2023.
Ramaswamy takes stake in BuzzFeed
Former Republican presidential candidate and biotech entrepreneur Vivek Ramaswamy has purchased a minority stake in BuzzFeed, the digital publishing company that shut down its media outlet last year.
Shares of the company skyrocketed higher Wednesday.
Ramaswamy acquired a 7.7% stake in BuzzFeed, according to a filing with the Securities and Exchange Commission.
Ramaswamy said in the filing that he believes BuzzFeed’s stock is undervalued. He is looking to speak with the company’s board and management.