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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

This week in Boston real estate: Condo sales and mystery photos

Pierce Boston sells out One of Boston’s tallest residential towers outside of downtown has officially sold out as of May 11. Pierce Boston, developed by Samuels & Associates and Landsea Homes, opened in March 2018 with 109 condos for

April brings double-digit home sales growth

Home sales throughout the metro Boston area surged again in April, marking the third consecutive month of strong market data this spring. According to data released May 22 by the Greater Boston Association of Realtors, 947 single-family home sales

This Week in Boston Real Estate: Multiple offers, rents on the T and more

MA agents still seeing bidding wars in sales Despite recent signs of a slowdown in the local and national housing market, Massachusetts Realtors say multiple offer situations are still common. In a survey of members of the Massachusetts Association

Traffic named a key roadblock to local housing development

The current legislative session in the Massachusetts capitol has been dominated so far by numerous vexing issues. Chief among them: solving the statewide housing shortage that is particularly acute in Boston. While Governor Charlie Baker, along with local leaders