Local News

Real estate news in Atlanta

Boston’s Longest Serving Mayor Dies at 71

Former Mayor Thomas Menino dies at 71, leaving a legacy of progress. On Thursday, former Boston mayor Thomas Michael Menino, who served five consecutive terms on the promise and practice of pragmatic and effective leadership, passed away after having

Boston Redevelopment Authority Restoring a Historic City

With a city as historical as Boston, the community is benefiting from the popular development agency, Boston Redevelopment Authority (BRA). An urban planning and economic development agency for the City of Boston, BRA works hand-in-hand with other city departments

Massachusetts Foreclosure Inventory Down Double-Digits

New data from CoreLogic drives home just how much progress our housing markets have made in clearing out their foreclosure inventory The last 12 months have been highly encouraging ones for Massachusetts housing market, according to the latest Foreclosure Report

2015 Investor Prospects

Investor interest is a major contributing factor to the success of a real estate market. How is your city doing? Despite its slow start, 2014 has turned into a year of growth and relative prosperity, considering the turmoil that

Ink Block Apartments and Condos Coming to the South End

Currently under construction, Ink Block, $200 million apartment development project offering three buildings with three distinct designs, is coming to 401 Harrison Ave. in the South End neighborhood in Summer/Fall 2015. Ink Block is located on the site of

Boston Home Prices Remain Positive in Latest Case-Shiller

It was another positive month for home prices in the latest Case-Shiller Home prices in the Boston metro area rose 0.1 percent from July to August and 5.0 percent from August 2013, according to the latest Case-Shiller Home Price Indices, which

September a Messy Month of Real Estate in Boston Area

The various measurements for Boston’s housing market were all over the place in September. September was quite the month for the Boston-area’s housing market, with the latest report from the Greater Boston Association of Realtors showing a market with

How Homebuyers in Massachusetts Find Their Homes

There are many ways that homebuyers can go about locating their new residence, but how what are the most common methods among Massachusetts homebuyers? Last week, we reported that nationwide, the methods in which homebuyers find their dream residence

Owning in Boston Considerably More Affordable than Renting

When conditions are right, owning in our area is much more affordable than renting. Homeownership in the Boston area remains 30 percent more affordable than renting through 2014’s third quarter, according to a new analysis by Trulia; that’s slightly above

Cash Sales Report Shows More Investors Leaving

Cash sales are down, which means good things for hopeful buyers needing mortgage financing. Earlier this week, CoreLogic released its July cash sales report, finding that investors are continuing to flee the market, paving the way for buyers more

Distressed Home Sales Fall Dramatically in Massachusetts in 2014

The nation’s distressed housing market has improved quite a bit in the last year, and that progress is also clear here in Massachusetts. Distressed home sales in the U.S. have fallen from 17 percent of all existing-home sales to just

Walsh Addresses Affordable Housing Shortage with ‘Boston 2030’ Plan

Affordable housing has been missing in action lately, and the Mayor Walsh is trying to find it. Middle class housing in the post-bubble housing market has become increasingly rare in the city of Boston, but new plans for the city

Strong Condo Market Drives Home Prices in Boston

Asking prices once again showed positive movement in September, according to new stats from Trulia. A strong condo market propelled Boston’s housing market to another month of positive asking-price increases in September, according to the latest Price Monitor by Trulia.

Boston’s Rental Market Continues Strong Performance in 2014

Our city’s rental markets have performed quite well in recent years, and 2014 seems to be no exception. The average rent in Boston in 2014’s third quarter was $1,870, a 1.4 percent increase from the second quarter and a 3.9

Average Down Payment in Boston Tops $50,000

How does the down payment in Boston compare with other metro areas? According to analysis from LendingTree, the average down payment in the Boston area is 16.93 percent of the mortgage, which comes out to $50,146. How does this

Residential Construction in Boston Down Markedly in 2014

Construction is the residential sphere is lagging in Boston in 2014 According to the latest numbers from the Census Bureau, residential construction spending in August was at a seasonally adjusted annual rate of $351.7 billion, down 0.1 percent from

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