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This Week in Boston Real Estate: Power station plans, year-end records and more

Plans to redevelop the site of a decommissioned South Boston power plant into more than 1,000 new apartments and condos may have hit a snag. The Boston Herald reported Jan. 15 that the Conservation Law Foundation is petitioning the

Year-end reports show growth in condo inventory

Two reports on the Boston condo market’s end-of-year performance show more units coming onto the market across the city’s hottest neighborhoods. However, this has continued to put a damper on sales prices as well as closed sales as sellers

How has Boston’s population changed since 2010?

Meeting Boston’s ambitious goals for new housing development in the next several years presents significant challenges for the city. Part of that difficult task involves understanding exactly what future Boston residents will need in terms of available housing stock.

City Council considers new taxes on some Boston real estate sales

Boston is the latest city to consider transfer taxes as a way to fund affordable housing development, although the proposal is already on shaky ground. The Boston Globe reported Jan. 14 that City Council would take up a bill

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Pending home sales grow in December despite Wall Street turbulence

Pending home sales throughout Massachusetts grew in December, but the sudden volatility seen in U.S. and international stocks near the end of 2018 may have had a negative effect on buyer and seller behaviors, according to a poll from

This Week in Boston Real Estate: Mass. Pike project and developer politics

What could be the biggest infrastructure project undertaken in Boston since the infamous Big Dig is a step closer to breaking ground. The Boston Globe reported Jan. 10 that Massachusetts Department of Transportation officials released the final plan for

Cover story: Housing & the economy

The start of a new calendar year is welcomed with parties, well-wishing and an eye toward new beginnings. But in the business and finance world, most people rang in 2019 fixated on endings. The business cycle, the bull market,

Massachusetts to begin taxing short-term home rentals

A years-in-the-making bill to enact new taxes and regulations on short-term home rental services like Airbnb was approved by legislators and signed into law by Massachusetts Governor Charlie Baker Dec. 28. Once it takes effect July 1, these services

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This Week in Boston Real Estate: State home sales, Airbnb bill’s last chance and more

While Boston-area home and condo sales posted record gains for the month of November, data for the rest of the state did not exceed expectations in the same way. Home and condo sales numbers from the Massachusetts Association of

Metro Boston home, condo sales grow in record-setting November

The Greater Boston home and condo market enjoyed strong sales through November as more buyers enter the fold. Previous months had seen growing inventory amid excessively high prices. However, buyers in November shrugged off concerns over interest rates and

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This Week in Boston Real Estate: Building costs, new developments and more

Boston is not alone in solving the shortage of housing supply: High demand for housing combined with a lack of inventory at a range of price points is widely cited as one of America’s most pressing economic challenges. A

This Week In Boston Real Estate: Development debates, architecture awards and more

Boston City Hall hosted the latest public meeting regarding the planned redevelopment of the massive, 161-acre site at Suffolk Downs on Dec. 12, with several East Boston residents in attendance to voice their concerns surrounding the project. While the

Massachusetts Association of Realtors installs new president, Boston representative

Anne Meczywor of Roberts & Associates Realty Inc. in Lenox, MA was installed Dec. 4 as president of the 24,000-member Massachusetts Association of Realtors. Meczwyor was inducted at a ceremony at The Williams Inn in Williamstown, MA and included

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This Week in Boston Real Estate: Suffolk Downs redevelopment, natural gas concerns and more

Boston’s own HYM Investment Group said they’ll be going ahead with the redevelopment of Suffolk Downs, the old racetrack on the border of East Boston and Revere. Amazon’s interest in the 161-acre site reportedly spurred planning at the site,

Boston ranked among top 50 cities for outdoor access

Boston was named one of the best cities in the U.S. for outdoor access, according to an analysis by REI.Research from the outdoor recreational retailer named Boston and other cities using data from the Urban Outdoor Access Analysis –

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With inventory growing, condo prices fall in some Boston markets

A market analysis released last month by Berkshire Hathaway HomeServices Warren Residential found that condo prices in some of Boston’s most expensive markets fell during the third quarter of 2018. Compared to the same period in 2017, condo sale

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