News / Features

Home values hit new highs as pandemic leaves many homeowners equity rich

Boston led the Northeast with its percentage of mortgaged properties categorized as equity rich in the third quarter. The Bay State also had two counties with the highest share of equity-rich properties. 

Former Alexandra Hotel condominium project approved

The project is the first to comply with the Boston Planning & Development Agency’s Affirmatively Furthering Fair Housing requirements.

Boston is the second priciest zip code in the United States

PropertyShark’s annual ranking of the 100 priciest zip codes in the U.S. ranked communities by closed home sales between Jan. 1 and Oct. 22.

The pace of home prices continued to rise in the third quarter, but at a slower clip

Seventy-eight percent of the 183 U.S. markets monitored by the National Association of Realtors had double-digit increases in their median home prices, a decline from the second quarter, when 94% of markets saw double-digit increases.

Affordable home supply jumps as mortgage forbearance programs end

The supply of affordable homes on the market rose a record 13% in the third quarter as mortgage forbearance programs ended, prompting low-cost homeowners to put their properties on the market.

Chatham home sale sets property sales record

A recent Cape Cod property sale set a record as one of the highest property sales in Massachusetts this year.

Boston developers required to do more to limit flood damage

City officials have implemented an updated zoning measure to prepare new and retrofitted development for future climate risks.

Atlanta, Houston real estate professionals elected to LGBTQ+ Real Estate Alliance executive roles

Atlanta’s Rodney Mason, who serves as vice president of mortgage lending with Guaranteed Rate, was named treasurer of the nonprofit, while Anita Blue, who works as an agent and credit restoration consultant at Cap Tex Realty, was named national vice president.

Mortgage applications decline despite drop in interest rates

“Mortgage rates decreased for the first time since August, as concerns about supply-chain bottlenecks, waning consumer confidence, weaker economic growth and rising inflation pushed Treasury yields lower.” — MBA associate vice president of economic and industry forecasting Joel Kan

BPDA approves former Midtown Hotel 325-unit development project

The former Midtown Hotel will soon be replaced with a 10-story project bringing more than 300 housing units to Huntington Avenue.

Zillow: Most home buyers middle-aged, married, college-educated

The average American home buyer is 45 years old, married or partnered, college-educated and likely to purchase a home located in the South, according to Zillow’s 2021 Consumer Housing Trends Report.  Individuals ages 30-39 make up the largest population

Rocket Mortgage, Salesforce team up for loan originations

“This will be the first time a home lender will provide an end-to-end ‘mortgage-as-a-service’ solution through Salesforce Financial Services Cloud — a platform that thousands of financial institutions already heavily rely on.” — Rocket Cos. Vice Chairman and CEO Jay Farner

New development review guidelines launched to reduce Boston’s traffic, congestion

Developments over 50,000 square feet are now required to adhere to new guidelines launched to reduce traffic and congestion in the city of Boston.

Zillow closes Zillow Offers, announces layoffs

Zillow announced today it’s ending its iBuyer service, Zillow Offers, and cutting roughly a quarter of its workforce, citing the volatility the service created for the online brokerage as the motivation for the move.

Millennials are fueling the housing boom — will it continue?

Millennials are purchasing houses — finally. Over the past year, millennials made up the largest share of homebuyers: 37% according to Barron’s.

More homebuyers choosing to live in diverse neighborhoods

As more house hunters are opting to live in socially, racially and culturally diverse communities, developers are formulating strategies to list more inclusive properties on the market, according to a report by The Wall Street Journal.  Developers’ strategies include

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