News / Features

Inventory falls 40% from pre-pandemic levels, as home values accelerate

Rent growth also slowed in December, posting the lowest monthly increase since February 2020.

Massachusetts among best states to own a ‘tiny home’

The financial service provider IPX1031 has conducted a study to determine the overall best states in which to own a tiny home.

Existing-home sales slide in December while prices continue to climb

“December saw sales retreat, but the pull back was more a sign of supply constraints than an indication of a weakened demand for housing.” — NAR chief economist Lawrence Yun

The biggest dealbreakers for U.S. homebuyers

Despite fierce competition in the housing market, nationwide, potential homebuyers still have dealbreakers — and they’re revealed in a new study by HomeAdvisor.

Housing starts rise in December on strong multifamily sector

While multifamily starts surged 13.7% compared to November, the pace of new single-family housing construction slid 2.3%, according to the U.S. Census Bureau and the U.S. Department of Housing and Urban Development.

Home supply sees largest decline since pandemic’s start

December housing sales fell lower than they have since the start of the pandemic, a new Redfin report found.

Zoning amendment to limit off-street parking requirements for affordable housing developments

Boston Mayor Michelle Wu signed the amendment to the city’s zoning code to help streamline and remove burdens in developing affordable housing.

The Greater Boston Association of Realtors offers new 2022 member benefit

Members will have unlimited access to Lone Wolf transaction solutions.

Inflation worries sap builder confidence in January

“While lean existing home inventory and solid buyer demand are supporting the need for new construction, the combination of ongoing increases for building materials, worsening skilled labor shortages and higher mortgage rates point to declines for housing affordability in 2022.” — NAHB Chairman Chuck Fowke

Black mortgage applicants 84% more likely to be denied than white applicants, analysis finds

Black applicants were 84% more likely to be denied a mortgage than white applicants, the data showed, an increase from the 74% disparity in 2019.

New affordable housing for seniors coming to Hyde Park and Dorchester

The Boston Planning & Development Agency approved the two projects at its January meeting.

Boston’s cost of living expenses grew significantly over the past decade

The cost of living has risen across the nation, but some U.S. metros have experienced particularly significant increases.

Mortgage applications, interest rates rise first week of January

“MBA expects solid growth in purchase activity this year, as demographic drivers and the strong economy support housing demand,. However, the strength in growth will be dependent on housing inventory growing more rapidly to meet demand.” — Mortgage Bankers Association associate vice president of economic and industry forecasting Joel Kan

Redfin to acquire Bay Equity Home Loans

The San Francisco Bay-area mortgage lender is licensed in 42 states including Massachusetts.

Developer looking to bring residential housing to vacant commercial land in West Roxbury

The project site consists of four parcels of vacant commercial space between Charles Park Road and Gardner Street.

Compass expands to New Hampshire

The company opened offices throughout Connecticut, Rhode Island and Massachusetts in 2021.

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