News / Features

This Week in Boston Real Estate: Multimillion-dollar lot in Kendall Square, UMass dorms and more

A single-acre lot in Cambridge’s Kendall Square sold for more than $50 million after being on the market since April, according to city records reported by the Boston Globe. The owner of the 36,000-square-foot lot, the Constellation Charitable Foundation,

July pending sales miss the mark, led by price growth

New national home sales figures released by the National Association of Realtors Aug. 29 continue to show a housing market that can’t keep pace with prior years of stellar performance. For the seventh month in a row, NAR reported

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Massachusetts homes are among nation’s oldest

Recent reports from the National Association of Home Builders, based on U.S. Census data, found that the nation’s housing stock is growing increasingly older on average. But while the median age of an owner-occupied residence was 37 years old

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Facebook removes certain targeted advertising options amid HUD discrimination complaint

Facebook recently announced changes it will be making to its advertising tools after the company was accused of potentially enabling housing discrimination on the platform. Earlier this month, the U.S. Department of Housing and Urban Development filed a discrimination

Real estate associations financing Boston congressional race

With much of the U.S. already deep into the general election campaign for November’s midterms, Massachusetts voters will be among the last in the nation to hold primary elections on Sept. 4. As races throughout the state and Boston

US economic growth to outpace housing market

The U.S. economy grew at its fastest pace in four years during the second quarter of 2018, a reflection of low unemployment and greater willingness among consumers and businesses to spend and invest. According to the latest economic forecast

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Real Estate In Brief: Financial advice for agents, smart locks and more

The National Association of Realtors launched a new initiative focused on improving the financial wellbeing of its 1.2 million members. Last week, NAR unveiled its online Center for Realtor Financial Wellness, a website that includes a number of tools

Builders, buyers see upside as July new home sales slip

The latest release of new home sales numbers from the U.S. Census Bureau and the Department of Housing and Urban Development reported the number of new homes sold in July fell 1.7 percent from the previous month, marking the

This Week in Boston Real Estate: Median rents, new developments and more

Boston’s high home prices translate into similarly inflated costs for many renters, too. A new analysis from rental listing site Zumper confirms that Boston’s median one-bedroom rent as of this summer was the fourth-highest in the nation, at $2,340

Massachusetts for-sale inventory reaches lowest level since 2004

The most recent report on statewide home sales from the Massachusetts Association of Realtors (MAR) revealed that the number of homes and condominium units for sale in July set a new record for the lowest number of available listings

NAR: Majority of homes sold in July were on the market for less than a month

Existing home sales slowed slightly in July to the slowest pace in more than two years and represented the fifth straight month of declines, according to the latest report from the National Association of Realtors. But demand stayed steady

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Homebuyer sentiment drives prices lower

More home sellers are resorting to price cuts as interest from buyers wanes nationwide. A recent report from Zillow found that starting in June, 14 percent of current home listings reduced their asking prices. While that rate has remained

Trulia Neighborhoods launches to provide crowdsourced local information

Trulia is launching a new tool to help buyers, renters and agents learn about an area with their new feature – Trulia Neighborhoods. The new tool, which is available both online and as a mobile app, is a crowdsourced

Boston’s ‘hot’ market rating slips, but pending sales rise in July

In June, Realtor.com named Boston the third-hottest housing market in the nation, based primarily on the average age of its listings. For July, however, the Boston metro area fell to 13th place in the rankings as the average listing

Real Estate In Brief: Home improvement spending, Realtors on TV and more

Homeowners appear to be spending more on maintenance and remodeling projects, reflecting an increasing preference in getting more life out of a home rather than trading up for a new one. According to a report from BuildFax, which aggregates

HUD files housing discrimination complaint against Facebook

The U.S. Department of Housing and Urban Development (HUD) filed a discrimination complaint against Facebook Aug. 17. HUD claims that the company violated the Fair Housing Act by allowing landlords and home sellers to target or exclude users from

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