News / Features

Homeownership Out of Reach for Many Boston Renters

Stagnant wages and high rents combine to push homeownership out of reach for thousands of Bostonians More than 500,000 renters in the Boston housing market struggle with the cost of housing, according to a new report from the Joint Center of Housing Studies

Strong November New Homes Sales Could Make for Best Year Since 2007

New home sales are shaping up for their best year since 2007 Sales of new single-family homes in November rose 4.3 percent from October and 9.1 percent from Nov. 2014 to a seasonally adjusted annual rate of 490,000, according

What Rising Rents and Declining Affordability Mean for Housing

Housing is on a precipice of affordability, according to a new study The Joint Center for Housing Studies of Harvard University has offered some unflinching examinations of the nation’s housing market, particularly in terms of affordability and the growing

Is Young Adult Homeownership Ready for a Turnaround?

Data suggests the young adult homeownership rate is stabilizing After decades of decline, the 25-to-34-year-old homeownership rate has begun to level out, seeing no significant decline in 2014, according to Fannie Mae’s Housing Insights report. That trend, according to

Boston Real Estate Had its Best Year Since the Recession, but Problems Persist

Home sales are positive in 2015, but that cannot obscure the larger problems that face Boston’s housing market The Boston real estate market in 2015 is experiencing its strongest year since the downturn, although significant problems remain. According to

CoreLogic: Boston Cash Levels Remain Low Despite Season

The number of all cash transactions peaked in Jan. 2011, accounting for over 46 percent of total home sales. In September of this year, cash sales represented a much smaller portion of total sales with a 32.5 percent share,

[UPDATED] Mortgage Forgiveness Debt Act Extended To 2017

UPDATE: Congress has adjourned for 2016 without extending the Mortgage Forgiveness Debt Act, which will now expire at the end of the year. Read our coverage here for the full story. As part of a wider piece of tax legislation,

Boston Ranked No. 1 Market for Senior Housing in 2016

Older consumers will play a big role in Boston’s housing market in 2016 The Greater Boston area will see more housing activity from retirees in 2016 than any other metropolitan region in the country, according to a new study

Lexington Public Schools Among Nation’s Top 25 School Districts

Lexington Public Schools is among the top 25 school districts in the country, according to a new ranking from analytics website Niche, which placed the district at No. 15. Here is the full ranking: Tredyffrin-Easttown School District – Tredyffrin Township,

Is the American Middle Class Disappearing? 4 Stats to Consider

Where does America’s middle class stand financially? New analysis from the Pew Research Center explains The U.S. middle class, which has long defined the country’s economic prosperity, is no longer the majority of Americans. That eye-grabbing finding came courtesy of

November a Universally Strong Month for New Construction

It was a month of thanksgiving for the nation’s homebuilders November offered U.S. homebuilders many reasons to give thanks, with permits, starts and completions all in positive territory. According to the latest report from the U.S. Census Bureau, building

How the Construction Sector will Help Lead Job Growth Over Next Decade

New projections from the country’s Bureau of Labor Statistics forecast big job gains for the construction sector over the next decade and emphasize the growing importance of environmentally conscious building. Over the 10-year period beginning in 2014 and ending

How will Buyers React to the First Interest Rate Hike Since 2008?

The federal funds rate will rise by 0.25 percent The Federal Reserve announced today that it will raise the federal funds rate, the key interest rate that influences mortgage, auto loans and other forms of financing, by 0.25 percent. Additionally,

CoreLogic: Boston Homeowners Have More Equity in Q3

Year-over-year gains in national equity were in the double digits at the end of this year’s third quarter, as a healing economy helped keep home price appreciation positive and consistent, according to a new report from CoreLogic. On Sept.

Homebuyers Increasingly Seek One-Stop Home Shopping

One-stop shopping offers benefits to homebuyers, but they still want agents’ help Fifty percent of recent homebuyers used one source, or one-stop shopping (OSS), to procure homebuying services, according to a National Association of Realtors survey. That is compared to 29 percent

How Long Does it Take to Save For A Downpayment on New Construction?

America sees a range of three to 26 years to save for a downpayment, depending on the state It takes 7.56 years for an average first-time homebuyer to save for a down payment on a new home in Massachusetts, according

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