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Boston metro home sales contract as inventory shrinks

The number of single-family homes sold in the Greater Boston area in June fell compared to the same month last year, according to a market report from the Greater Boston Association of Realtors. With 1,596 closed transactions in June,

Veterans in the legal weed industry face barriers to housing benefits

Many U.S. military veterans are learning the hard way that legal cannabis and federal bureaucracy often don’t mix well. Among them is a 35-year-old disabled Army veteran from Revere whose VA loan application was rejected. The reason involved his

Boston ranked among nation’s most sustainable cities

Two recent reports that rank American cities on their performance across a wide range of metrics put Boston near the top of the list, commending the city for its sustainability and access across the economic spectrum. The two reports

MA Realtors voice concern over public transit

The latest monthly pending home sales report from The Massachusetts Association of Realtors — each of which include a recurring “Hot Topic” survey question — revealed agent concern that recent issues with the MBTA may spill over into their

State looks to bolster homeownership programs using GE site sale proceeds

General Electric, an institution of corporate America and one of the biggest employers in Massachusetts, has lately found itself in dire straits. In February, the company cancelled plans to expand its corporate campus in Boston as part of a

Despite urgent housing and transit needs, state misses budget deadline

Massachusetts is once again operating without an official budget as key housing and transit improvement bills await the governor’s signature. The state’s 2020 fiscal year began July 1, and for the ninth year in a row, Massachusetts’ ongoing funding

This week in Boston real estate: Local sales, development trends and more

Boston metro home sales surge In line with Massachusetts’ strong sales performance in May, the Greater Boston Association of Realtors reported record-breaking figures of its own. According to GBAR, 1,316 single-family homes sold last month, an 8 percent gain

Massachusetts home prices hit new highs in May

The median sales price for single-family homes and condos sold in May broke $400,000, with condo prices hitting a new all-time high, according to the Massachusetts Association of Realtors.  Single-family home sales across the state were up 6.2 percent

Realtors meet with state legislature on housing issues

Approximately 450 members of the Massachusetts Association of Realtors convened at the Massachusetts State House in Beacon Hill earlier this month as part of an annual “lobbying day.” Members came prepared with a packed agenda for their meetings and

This week in Boston real estate: One Congress and housing costs

MA housing costs among nation’s highest compared to wages The minimum wage needed to afford the median two-bedroom apartment in Massachusetts is the third-highest in the country at $33.81 an hour according to a report from the National Low

This week in Boston real estate: Rising rents, developing neighborhoods and more

Boston rent growth approaches 9 percent A report from real estate listings site Zumper found the median rent for one-bedroom apartments in Boston was up 8.7 percent as of April (to $2,500 per month) compared to the same month

Pending home sales post 12th consecutive month of gains statewide

The number of single-family home listings put under agreement in May grew once again compared to the same time one year earlier, according to a statewide report from the Massachusetts Association of Realtors. That marks 12 consecutive months of

Boston suburbs grapple with housing affordability

Like many other large U.S. cities, Boston is facing a housing shortage, particularly a dearth of homes and apartments considered affordable. In a report published last week, a consortium of local real estate advocates called the Massachusetts Smart Growth

This week in Boston real estate: Harvard’s Allston plans, City Hall Plaza and more

Local developers line up for new Harvard projects in Allston Harvard University made waves in the local real estate sphere last year when it filed plans to build what it’s calling its Enterprise Campus on a 36-acre plot of

New report highlights zoning policies that limit metro Boston housing

Massachusetts Governor Charlie Baker has made housing development one of his administration’s top priorities. Several mayors throughout the state, including Boston’s Marty Walsh and a coalition of mayors from the Greater Boston area, have lent support to the governor

Is Boston’s condo market slowing? Agents weigh in

While sales and prices of Boston-area single family homes both saw gains in April, including double-digit growth in home sales, condos sales fell 4 percent year over year, and condo prices were down 5.8 percent over April 2018, according

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