The nation’s multifamily owners are facing a financial crunch as they try to refinance construction and other loans. But Boston is likely to see a lot less distress than Sunbelt cities, experts say.
New England’s first new mutual bank in 50 years is seeing strong growth after a little over 12 months in business.
Early-year data from several sources has shown an uptick in sold homes and new listings. But some are skeptical that the state is seeing signs of a market becoming unstuck.
Many real estate agents across the state are already altering how they interact with home buyers and sellers in the wake of the surprise decision by the National Association of Realtors to settle pending lawsuits over agent commissions.
Massachusetts banks, credit unions and mortgage companies all took major hits in residential lending, but there were a few brights spots that helped some lenders come out on top.
Expect more real estate brokerage consolidations over the course of 2024 if last year’s activity is any indication. Brokerages that made acquisitions in 2023 are looking for more deals this year.
Some of Boston’s western suburbs and other parts of Massachusetts appear to be resisting last year’s national trend of rising luxury-home prices. And part of that could be due to the homes that were never offered for sale in the first place.
Massachusetts real estate leaders are standing by the beleaguered National Association of Realtors, saying its long-term benefits far outweigh the short-term turmoil now engulfing the 1.5 million-member organization.
The once red-hot warehouse and distribution center market has noticeably cooled over the past year, and some newly built industrial properties are sitting empty for months.
Springfield and Worcester real estate leaders are flattered that their areas are expected to be among the top performing housing markets in the U.S. in 2024. The only problem: They’re not sure either market is up to the job.
Quaint coastal communities just north of Boston are seeing their proximity to the city buffer them from home-price softness seen elsewhere in the state.
A recent court ruling on real estate agent commissions has some industry experts wondering whether the current compensation system can survive much longer in Massachusetts and across the nation.
The net result of today’s market conditions: more affluent buyers, young and old, are now dominating the real estate market across the Bay State.
The type of buyers of single-family houses and condominiums in Massachusetts still fall into four main categories: first-time buyers, trade-up buyers, downsizing buyers and “everybody else.” But within those major categories are major shifts about who’s buying or not buying.
Anecdotally, a number of industry players say they’re seeing a somewhat impressive post-Labor Day bump in the number of homes for sale on the rustic peninsula. But the latest real estate stats aren’t picking that up – at least not yet.
The dramatic decline in home sales and mortgage refinancings have hit the real estate law sector hard across Massachusetts, particularly closing attorneys at small and solo firms.
Two previously hardscrabble, post-industrial cities are snagging westward-bound homebuyers escaping higher real estate prices in the Greater Boston area.
The post-pandemic plans for the next build-out of the giant Tuscan Village development just north of Lawrence continue to change with life science plans on hold and additional housing meeting local opposition.
Owners of luxury homes in Boston can take solace in this fact: At least they’re not in San Francisco, even as new data shows the region’s high-end housing market is moving noticeably slower than the rest of the sector.
Developer Sal Lupoli bought a historic seaside New Hampshire venue 11 years ago. Now, he’s almost ready to reveal redevelopment plans that could add new dimensions to what’s largely a summer resort town.
Will the Yes In My Back Yard bill, recently filed on Beacon Hill, might well become called the Maybe In My Back Yard bill, based on the cool reception to some of the legislation’s key provisions?
