Inventory Intel

NAR: Affordability gap persists despite improvements in housing supply

Driven primarily by the construction boom during the pandemic, the housing market has seen some improvements in affordability, but homes remain out of reach for many would-be buyers.

Listings on the rise as mortgage rates hit 24-month low

Boston had one of the highest increases in new listings last month.

Newmark launches single-family rental group  

The move comes despite a slowdown in the single-family rental market. 

Taylor Morrison launches Yardly build-to-rent brand 

The brand will specialize in cottage-style homes with private backyards. 

Surge in multifamily construction drives housing starts in August

The increase was driven by a 21.6% month-over-month spike in the rate of new multifamily construction. Single-family housing starts, meanwhile, slid 2.8%.

RE/MAX: Home sales, prices decline in August

Month over month, home sales were down 3.5%, and the median sale price declined 1.2% to $335,000.

Toll Brothers, Equity Residential team up for $1.9B multifamily JV

The strategic partnership will initially target developments in six metro areas where both companies have a “significant or growing presence”: Atlanta; Austin, Texas; Boston; Denver, Orange County/San Diego, Calif.; and Seattle.

Bostonians’ interest in luxury apartments peaks

Report finds luxury apartment search is at an all-time high both in Boston and across Massachusetts.

Zombie property rate down — for now at least

Areas hit hard by the pandemic could see a wave of zombie properties once the federal ban on foreclosures expires.

Pre-leasing open for new apartments in Lynn

“Caldwell is a unique, first-of-its-kind community for Lynn, but the constant ever-evolving nature that the ‘City of Firsts’ is known for, confirms our initial vision that Lynn is ready for its closeup,” — Michael Procopio, Vice President of Development at the Procopio Companies

Empty nesters find refuge at The Cove Hingham

Amenities at The Cove include a pet grooming station, fitness room, media lounge, socially distant work-from-home areas and a resort-style pool.

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