News / Features

Harvard report: Home remodeling growth expected to slow

The pace of growth in home improvement spending could soon slow to a crawl. That’s according to a new estimate by the Remodeling Futures Program at Harvard’s Joint Center for Housing Studies, which projects that spending on remodeling will

Millennials are feeling better about housing costs this year

Millennial homebuyers are a critical demographic for the housing market: They are now the largest generational cohort in the U.S. with a large share of them now of prime homebuying age. Millennials are currently in an age range in

Veterans in the legal weed industry face barriers to housing benefits

Many U.S. military veterans are learning the hard way that legal cannabis and federal bureaucracy often don’t mix well. Among them is a 35-year-old disabled Army veteran from Revere whose VA loan application was rejected. The reason involved his

How housing contributed to a record-breaking economic expansion

As of this month, the U.S. has seen 121 straight months of economic expansion since the Great Recession in June 2009, the longest-recorded period of economic growth to date. Housing has comprised 15 percent of the nation’s economic output

Housing starts were sluggish in June

Housing starts around the country were sluggish in June, with single-family starts registering below year-ago numbers for a fifth consecutive month. In all, housing starts were down 0.9 percent from the previous June, and were on pace for a

Foreign homebuyers pulled back last year amid global unease

U.S. home sales to foreign buyers declined in the last year compared to the prior period, but still generated nearly $78 billion in total purchase volume between April 2018 and March 2019, according to the National Association of Realtors.

Boston home prices rising faster than incomes

It’s often said by economists that housing costs have risen faster than wages in recent decades, but just how wide is the gulf between income growth and gains in property values? We now have a better sense of that,

Will it play in Plainfield? Coldwell Banker’s rebranding experiment

Every Tuesday throughout the summer, Plainfield’s main drag turns into a family friendly spectacle of classic cars, music and food as the local chamber of commerce closes down the streets for Cruise Night. To Mike Prodehl, president and CEO

Boston ranked among nation’s most sustainable cities

Two recent reports that rank American cities on their performance across a wide range of metrics put Boston near the top of the list, commending the city for its sustainability and access across the economic spectrum. The two reports

MA Realtors voice concern over public transit

The latest monthly pending home sales report from The Massachusetts Association of Realtors — each of which include a recurring “Hot Topic” survey question — revealed agent concern that recent issues with the MBTA may spill over into their

More first-time buyers facing budget constraints this year

New data from realtor.com shows that while 42 percent of home shoppers this past spring were first-time buyers, the group, consisting mostly of millennials, had trouble finding homes due to budget constraints — a higher proportion than just two

Where Democratic presidential candidates stand on housing issues

Of the dozens of candidates currently in the running for the Democratic Party’s nomination for president in 2020, several frontrunners have made housing and real estate central pieces of their platforms. Here’s where the current frontrunners in the Democratic

Realogy sues Compass over alleged illegal business practices

On the same day, Compass settled a lawsuit against one titan of the real estate industry while finding itself at the center of a new, explosive complaint from another competitor. In a summons filed in the Supreme Court of

For-sale inventory trends lower as homebuyers hold out for deals

Just when many housing markets were seeing some relief in their scant inventory of for-sale housing, there are now fresh signs afoot that supply levels may return to a trend of tightening. A new report on the housing market from

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

Homeowners and appraisers agree more on value

July marked the second consecutive month of tightening margins between owners’ estimates of home values and the professional opinions of appraisers, according to Quicken Loans’ National Home Price Perception Index. Appraised values were only 0.71 percent lower nationwide than

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