A downtown Boston developer wants to change its current hotel project to residential, citing shifts in the hospitality industry and the impact it’s faced due to the COVID-19 pandemic.

The Cape Cod real estate market remained strong coming off a record-setting 2020 fueled by high demand and low inventory.

“Caldwell is more than a place to live, it truly is an experience, and we designed the building to ensure a safe habitual lifestyle.” — Michael Procopio, vice president of development, Procopio Companies

More than 50% of Redfin offers in Boston faced bidding wars in January at 53.7% compared to 48.3% in December 2020.

More than 60% of certifications across the top states, including Massachusetts, were offices, health care, higher education and K-12 projects, the report noted.

Additionally, the report found Massachusetts has the highest school system rating at 21.70% (18.1% times higher than Montana which had the lowest at 1.20%).

A cold winter is no match for home sales as they continued to increase last month despite all-time high prices and record low inventory.

“In the final months of 2020, single-family rents posted the highest increases in over four years,” said Molly Boesel, principal economist at CoreLogic. “However, single-family rent price reaction to the pandemic and resulting recession differed greatly across metros.”

The report added that vacation homes and affordable homes in small towns near major urban centers were in strong demand as a result of the pandemic.

  Affordability is fast becoming a concern in Boston and other housing markets as home prices soar amidst a continuing supply shortage spurred by low interest rates, according to the most recent edition of the CoreLogic Home Pricing Index. 

Fence-sitters thinking of buying a home beware, says a new study from Zillow, which notes that waiting could mean a much higher mortgage payment down the road.

It enables interested parties to conduct a quick search for all projects appealing a decision before the Zoning Board of Appeal.

That’s up 16% from the previous year making the company one of a handful of independent brokerages to make such an accomplishment in 2020.

The budget difference between locals and migrants is the 23rd highest in the nation, according to the report.

Chris and Ryan Raveis are moving up the the Swanepoel Power 200 list. See where they ranked this year.

MAR also successfully urged Baker to veto “Right of First Refusal” portion of the bill, which would allow tenants of a building to have the first option to purchase the property.