Local News

Real estate news in Boston

Boston’s Inventory Blues Worsen

In May, Boston’s housing inventory fell, while affordability worsened and sales declined – sound familiar? Single-family housing inventory in the Greater Boston area fell 16 percent year-over-year in May to a 3.3-months supply, while condo inventory dropped 16.7 percent

Why so Few Renters are Buying Homes

Many wonder why renters are not buying homes at a higher rate, but when one analyzes the numbers, it makes perfect sense. First, there was the notable study from John Burns Real Estate Consulting, which found that only 14.7 percent

Millennials Priced Out of Boston

Boston one of the least affordable cities for Millennials The average Millennial can’t afford to live in Boston, according to the new Bloomberg Millennial Housing Affordability Index. Bloomberg L.P., a financial software and data company, compared the median home

CoreLogic: Boston Boasts Single Digit Negative Equity Share

CoreLogic’s newest equity report finds rising home values have pushed 90 percent of homeowners into positive equity A new analysis from CoreLogic found that rapacious home price appreciation over the last year has had the well-received effect of dredging the

CoreLogic: Boston Has Almost No Cash

CoreLogic’s March cash sales report found cash purchases are falling dramatically all across the nation The pool of real estate cash is shrinking as all-cash buyers continue leaving the market, making way for more traditionally financed buyers, particularly first-time

Multifamily Dominates New Construction in Boston

In the last 10 years, the market share for multifamily construction has grown by an extraordinary amount In April, the most recent month for which we have data, multifamily construction soared 35.5 percent across the country from March. That was

CoreLogic: One Way Massachusetts’ Market is Better Than the Rest

Compiling data from CoreLogic, we review nearly a decade of distressed sales data CoreLogic released its distressed sales report for the month of March this week, and what the group revealed was nothing short of expected: REO and short sales

RealtyTrac: Nation Faces Zombie Outbreak

RealtyTrac’s Q2 Zombie Foreclosure Report shows macro progress and micro struggles Zombies are plaguing the nation, but no amount of shotgun shells and machetes are likely to help. Less likely to shuffle after a person’s brainy bits than they

Boston’s Median Rent Higher Than New York City

According to new study, Boston’s median rent is higher than New York City’s According to a study by New York University’s Furman Center for Real Estate and Urban Policy, Boston had the nation’s third highest median rent in 2013.

CoreLogic: Massachusetts Heading for Foreclosure Trouble

CoreLogic’s April Foreclosure Report revealed another month of positive stats…for most markets Since late 2008, when the walls of the world’s economy started to tumble, approximately 5.7 million foreclosures have been completed in the U.S., and even more if

Is Boston’s Luxury Housing Market Falling Behind?

Could Boston’s strong luxury housing market be slowing down? Sales prices for Boston’s luxury housing market slipped behind the general marketplace this year, according to a new Redfin analysis of the nation’s luxury markets. Redfin’s study analyzed the top 5 percent of

Four Boston Suburbs Among Best Housing Markets for Millennials

Four Boston suburbs are among the best housing markets for Millennials in America, according to a recent analysis of the nation’s suburban areas. The study, which was conducted by rank and review website Niche, featured Somerville, Brookline, Watertown and Quincy as having

Massachusetts Supreme Court: Agents are not Employees

Are real estate agents employees, or independent contractors? Massachusetts’s highest court weighs in The highest court in Massachusetts has settled the matter – real estate agents are independent contractors, not employees. That was the state’s Supreme Judicial Court’s decision

CoreLogic: Massachusetts Among Few States with Falling Prices

New study from CoreLogic reveals how prices are changing around the country Marking more than three years of consecutive year-over-year growth, home prices nationwide, including distressed sales, pushed forward another 6.8 percent in April, according to a new report

Boston New Construction Up 35% in 2015

This year proving to be especially positive for Boston new construction Residential construction spending in the Boston area totaled $237 million in April, a whopping 42 percent decline from the $409 million of April 2014, according to the latest report from Dodge Data

Apartments Nearly 80 Percent of New Construction in Boston

Apartments are the majority of new housing units approved as Boston moves towards 2030 housing goals. Apartments made up 79 percent of the 825 housing units approved in 2015’s first quarter by the city of Boston, along with 77.5 percent

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