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Real estate news in Boston

The 10 Least Affordable Neighborhoods in Boston

Where is the affordability problem particularly pronounced in the city of Boston? Affordability is a common topic in Boston real estate circles, and for good reason. Whether it be new construction, modern living preferences or escalating demand, housing in Boston

Residential Construction in Boston Posting Big 2015 Gains

As 2015 draws to a close, how has residential construction activity in Greater Boston compared with the previous year? Residential construction spending in Greater Boston totaled $309 million in September, according to new Dodge Data & Analytics numbers. That is 48 percent higher than

Boston Popular with International Buyers

Boston was one of the three most searched U.S. cities with international buyers from Turkey and Ireland, according to realtor.com International. The United States came in at the fifth most-searched country for international buyers, overall. The top five cities in

Half of Boston Renters Cost Burdened 

For nearly a decade, the nation’s homeownership rate has been in decline. Since 2004, when homeownership peaked at 69 percent, the rate has fallen nearly 6 percentage points down to 63.7 percent in the first quarter of 2015, according

Boston’s Condos Appreciating Faster Than Single Family

After years of battling against the popularity of single-family homes, the demand for condos is gaining around many of the nation’s hottest metros, a new report from Zillow showed. Year-over-year, the nation’s condo prices have risen at a rate of

CoreLogic: Boston Cash Sales Fall Below 20%

Cash sales dropped ever closer to the pre-crisis norm of 25 percent in July, falling from 34.2 percent 12 months earlier to 30.8 percent, according to a new report from CoreLogic. With traditional financing becoming a more realistic option

Case-Shiller: Boston Home Prices Rising Solidly

Home prices in Boston have risen steadily, albeit in line with the national averages Home prices in the Boston metro area rose 0.4 percent monthly and 4.6 percent year-over-year in August, according to the new Case-Shiller Home Price Indices from Standard & Poor’s.

LeadingRE Adds Wellesley Brokerage to its Ranks

The Leading Real Estate Companies of the World has added Benoit Mizner Simon, a brokerage from Wellesley, to its ranks, along with 37 other companies from 18 countries. LeadingRE members benefit from many business enhancing services perks, including world class conferences

4 Omens for Boston’s Housing Market

New numbers are out for Greater Boston’s housing market – is the news good or bad? “The third quarter of 2015 has ticked its last tock with the hands pointing firmly upon a reliable clock of a market.” So

Builder Confidence Hits Highest Level in 10 Years

Builders are now more confident than at anytime since the housing boom Builder confidence in the market for newly constructed single-family homes rose three points in October to a level of 64 on the National Association of Home Builders/Wells

Walsh Seeks to Increase Construction Fees to Fund Affordable Housing

The Walsh administration is on the verge of requiring that real estate developers make more of an effort to create affordable housing, amidst Boston’s biggest building boom in a generation. The new requirement is due to steep rent increases and a

Boston Real Estate Professionals Are Earning More

The Business Journals, analyzing the latest Census Bureau data, has compiled a list of the most profitable U.S. cities for a wide range of professions, including loan officers and real estate agents. In Boston, 2014 salaries for loan officers

Boston’s Top Neighborhoods for Luxury Real Estate

What Boston neighborhoods see the highest share of luxury home sales? The 02116 ZIP code, which includes the Back Bay and Bay Village neighborhoods, was the top luxury housing market in Boston in the second quarter, with 77 sales

CoreLogic: Massachusetts Gains More Foreclosures Than Any State in August

Recovery continues as foreclosure levels dropped yet again in August. National foreclosure inventory fell 25.2 percent year-over-year and completed foreclosures dropped 20.1 percent, according to a new report from CoreLogic. The latest decline in foreclosures is only the latest step

Boston Among Nation’s Top 20 Markets

The Urban Land Institute released its 2016 Emerging Trends in Real Estate report and survey recently – the 36th edition of the institute’s trends and forecast report – providing analysis of the nation’s top real estate markets, and subsequently

Massachusetts Sees Rise in “Zombie” Foreclosures

Chicago holds a majority of zombie foreclosures, vacant homes Despite a 43 percent national drop of “zombie” foreclosures, they still remain a problem in several parts of the country, according to a RealtyTrac study, including Massachusetts who saw an increase. The study,

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