Local News

Real estate news in Chicagoland

Boston home sales transactions up 53.2% from a year ago
Boston home sales transactions up 53.2% from a year ago

The typical increase in home sales as summer approaches failed to materialize nationwide last month, with average sales dropping 0.2% from April to May, but month-over-month sales in Boston dipped even further, declining 0.8%, according to the RE/MAX May National Housing Report.

Boston home inventory levels rebounded in May
Boston home inventory levels rebounded in May

Inventory levels rebounded last month, finally showing signs of recovery following a year of historical declines.

Lume luxury residential development coming to Wilmington
Lume luxury residential development coming to Wilmington

A 49-unit luxury residential development will be located at 635 Main St. in Wilmington.

Massachusetts ranked second-best state to live in
Massachusetts ranked second-best state to live in

Massachusetts is the second-best state to live in the U.S., according to WalletHub’s 2021 Best States to Live In list. 

Boston housing market hits new records in May
Boston housing market hits new records in May

Home sales rose steadily again in May, as median selling prices also rose to record highs.

Anchor Point Beverly set to break ground this month
Anchor Point Beverly set to break ground this month

Anchor Point is set to break ground in Beverly this month on Phase 1 of the project which will bring 77 units of affordable family housing to the area.

Massachusetts among top states for home equity gain, up $49K in a year
Massachusetts among top states for home equity gain, up $49K in a year

The rise in equity could help stave off foreclosures because homeowners can tap into that equity and sell their home, unlike during the 2008 financial crisis when many homeowners found themselves underwater in their mortgage, according to CoreLogic.

Board approves shifting Kneeland Street hotel plan to residences
Board approves shifting Kneeland Street hotel plan to residences

The Boston Planning & Development Agency approved a request from developers to replace a previously approved hotel portion of their 150 Kneeland St. development with residences. 

Boston ranks 44th on top 50 new markets list based on 2020 closings
Boston ranks 44th on top 50 new markets list based on 2020 closings

Experts at Builder Magazine recently came out with their Local Leaders list for 2020, which ranks the country’s 50 largest new-home markets based on closings by the end of the year.

Boston climbs The Economist’s most livable cities in the world list
Boston climbs The Economist’s most livable cities in the world list

Some cities fared better than others with the global pandemic and Boston is one of them, according to The Economist’s 2021 Livability Index’s ranking of the most livable cities in the world.

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