Ticker: May Home Price Hits New High; Record charitable donations in 2021
Even though the number of sales fell year over year, the median sale price of a single-family home in Massachusetts set another record in May, as buyers fiercely competed for a limited number of homes, according to real estate analysts at The Warren. Group said on Tuesday.
There were 4,788 single-family homes sold in Massachusetts in May, down 7.3% from the 5,165 transactions recorded in May 2021. Meanwhile, the median sale price climbed 12.4% on a yearly base to hit $590,000 last month — which the Warren Group said represents a new all-time high for single-family homes since it began tracking sales in 1987.
“I may sound a bit of a record breaker when I announce that the median single-family home price has hit a new all-time high, but it’s really indicative of current market conditions,” said Warren Group CEO Tim Warren.
Charitable donations in the United States hit a record high in 2021
Charitable giving in the United States hit a record $485 billion in 2021, although the increase did not keep pace with inflation, according to a report released on Tuesday that offered a comprehensive overview of philanthropy American.
The Giving USA report says donations in 2021 were 4% higher than the record $466 billion given in 2020. But they were down 0.7% after adjusting for inflation.
Many nonprofits are now feeling the pressure because donations aren’t growing as fast as prices are rising, said Laura MacDonald, president of the Giving USA Foundation.
“In 2021, many donors returned to their favorite causes, with many sectors that struggled in 2020 recovering in 2021,” MacDonald said in a statement.