Local News

Real estate news in Boston

No, Boston is Not Facing Another Housing Bubble

Boston’s recent housing developments have some screaming “bubble!”, but the facts do not match the fears. The economic downturn of 2008 introduced us to many terms – “quantitative easing” and “credit default swaps” are two of the most obtuse examples –

It Takes Just 3.4 Years to Break Even on a Boston House – With Big Conditions

It takes a very short amount of time to break even on a house nationwide, but such privileges come with significant conditions. It takes just 3.4 years to break-even on a mortgage in Boston, meaning the point at which the total

2 Charts That Explain Boston’s Affordability Crisis

Boston’s issues with housing affordability are well known, but the following charts are still eye opening. We’ve been reporting on Boston’s housing affordability crisis with fair regularity, and for good reason – the higher Boston’s home prices soar, the

CoreLogic: Massachusetts Cash Levels Stagnate

A new CoreLogic study details the fall of cash sale shares across the country. A home is a good investment, but a normalizing market has somewhat thinned out the opportunities to make quick, high yield sales, and as a

Home Price Growth Far Outpacing Wage Growth in Boston

Sure, home prices are rising, but is that really a good thing, other economic indicators considering? Home prices have grown faster than wages in 76 percent of U.S. housing markets in the last two years, and Boston – where home

CoreLogic: Massachusetts Posts Moderate Gains in February

Moderate home price gains in February suggest the market may be stabilizing. Home prices continued their strong ascent in February, according to CoreLogic’s newest Home Price Index. Including distressed sales, home prices climbed 5.6 percent from the same time

Is Boston’s Rental Market Finally Easing Up?

It’s been common knowledge that Boston’s rental market is on fire, but is that narrative slowly changing? For some time now, the rental narrative has been one as commonly told as that of low mortgage rates. Rents, spurred on by surging

Boston Area’s 10 Top-Selling Condo Markets

What communities in the Boston area are seeing the most condo sales? Last week, we took a detailed look at the top-selling single-family communities in the Boston area, and now we’re back with a similarly nuanced look at the

Case-Shiller Finds Boston Home Prices Moderately Rising

Home prices in Boston are growing, albeit at a moderate rate. Boston home prices posted moderate numbers in the latest Case-Shiller Home Price Indices, which looked at data from Dec. 2014 to Jan. 2015. From December to January, Boston prices were up 0.4 percent,

Housing Affordability a Tale of Two Cities in Boston

Housing affordability is a major problem, and new research has added an additional wrinkle to the crisis. Housing affordability (especially in the new home market) may be worsening nationwide, but it has nothing on the affordability squeeze facing renters

Brutal Winter Precipitates Boston Inventory Death Spiral

Blame it on the snow! February was a brutal month for Boston’s housing inventory The great inventory death spiral continued in Boston’s housing market in February, with inventory in both the single-family and condo markets boasting double-digit declines, according

New Construction in Boston Stampedes Through February

What was the deal with our local new construction marketplace last month? February proved a remarkable month for residential new construction in the Boston area, according to new numbers from Dodge Data & Analytics. For the month, residential construction in Boston totaled

Greater Boston’s Top Single-Family Housing Markets

Where, in the Greater Boston area, do single-family homes sell the most? Single-family homes were the dominate form of construction in the Greater Boston area in the post-War housing market, and many remain economic juggernauts to this day. What

Why Soaring Inequality is Terrible For Housing

Everyone should be concerned about rising levels of inequality – especially residential real estate professionals. The Brookings Institution just updated its data metrics on inequality in the U.S.’ largest metro areas, and the results are – to put it

Lion Share of New Construction in Boston Affordable Only For Affluent Consumers

The single-family home market for new construction has trended towards affluence, and so has the rental market. The last couple months, we’ve been reporting with regularity on how our nation’s issues with inequality have manifested themselves in new construction,

Negative Equity Remains Problem in Boston’s Lower Price Points

Sure, negative equity has improved overall, but what of properties on the lower-end of price spectrum? Though 9.8 percent of mortgage properties in the Boston area remain in negative equity, that pales in comparison to the 16.7 percent of properties in the metro

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