Residential Real Estate
Senators Must Pass the Equality Act
Mar 7, 2021 | ReprintsThe U.S. Senate has a historic opportunity in its hands to take a stand in favor of human rights by passing nation-wide fair housing protections for LGBTQ individuals. They cannot let the opportunity go to waste.
Multifamily Housing Providers Grapple with Heat Pump Retrofits
By Doug Quattrochi | Mar 7, 2021 | ReprintsIn our mission to create better, low-carbon rental housing, MassLandlords staff and members are evaluating heat pumps retrofits in multifamily properties. While heat pumps show promise, it’s not clear how and when housing providers should retrofit.
Flood Risk Could Influence Property Prices
By James Sanna | Mar 7, 2021 | Reprints | Unlock Link
New research suggests Massachusetts homes face substantially higher costs from flooding over the next 30 years as climate change worsens the risk of strong storms.
The Tax Man Cometh, Thanks to Price Jumps
By Lew Sichelman | Special to Banker & Tradesman | Mar 7, 2021 | ReprintsThanks to the unusually large jump in housing prices over the last 12 months, plus a major shortfall in state and county revenue from other sources, your property taxes may well increase by 2023.
Downtown Apartment Rents Took Biggest Hits in 2020
By Steve Adams | Banker & Tradesman Staff | Mar 5, 2021 | ReprintsApartment rents dropped by double digits in many high-priced Boston neighborhoods in 2020 amid a rate war as tenants opted for suburban locations for savings, according to a new report.
NAHB: Most Builders Struggle With Supply Issues
Mar 5, 2021 | Reprints | Unlock LinkMost of America’s single-family homebuilders are facing trouble securing both building materials and appliances for fitting out their developments, new data from the National Home Builders Association says.
Tax Bills May Be Slapped on Small Biz Recovery Grants
By State House News Service | Mar 3, 2021 | Reprints | Unlock LinkThousands of small businesses have received hundreds of millions of dollars in state recovery grants since December, helping them to pay the rent and make payroll, but one top House Democrat said Tuesday he’s worried many of these businesses owners might not know what’s coming – a tax bill.
Developers Unveil Everett Residential Tower Plans
By Steve Adams | Banker & Tradesman Staff | Mar 3, 2021 | Reprints | Unlock LinkA development firm co-founded in 2020 by a former Encore Boston Harbor lobbyist unveiled plans for a 21-story residential tower and rooftop restaurant run by the Strega restaurant team.
Personnel File
Mar 1, 2021 | Reprints | Unlock LinkFrom new VPs to fresh project managers, see who’s been hired, promoted and honored: it’s The Personnel File.
Study: New Affordable Housing in MA Doesn’t Hurt Home Prices
By James Sanna | Mar 1, 2021 | Reprints | Unlock LinkA new study of fully-affordable housing developments by economists with online discount brokerage Redfin has found that, counter to popular concerns, affordable housing construction does not hurt nearby property values.
Here’s to Hoping Inventory Will Rebound
Feb 28, 2021 | ReprintsWith the spring real estate market right around the corner, many are waiting on tenterhooks to see whether improving public health data will relieve pressure on inventory, and thus on prices.
Waterfront? How About Just Water?
By Lew Sichelman | Special to Banker & Tradesman | Feb 28, 2021 | ReprintsLooking for waterfront property but finding it way out of your league? Consider a houseboat. And they’re back now – bigger and better than ever.
Could Massachusetts’ Housing Market Be Undervalued?
By James Sanna | Feb 25, 2021 | Reprints | Unlock LinkSkyrocketing home prices across Massachusetts have set off worries about residents getting locked out of homeownership, or worse – a possible future bubble.
Procopio Completes Second Phase of Beverly Development
Feb 25, 2021 | Reprints | Unlock LinkLynnfield developer Procopio Cos.’ newest multifamily project on the Beverly waterfront is offering up to two months free on some units as it opens its second phase.
Zillow Survey Suggests Vaccines Will Increase For-Sale Inventory – But There’s a Catch
Feb 24, 2021 | Reprints | Unlock LinkA national survey by Zillow suggests a successful COVID-19 vaccine rollout could help ease the inventory crunch blamed for the rapid run-up in home prices.
Powell: Recovery Incomplete, High Inflation Unlikely
By The Associated Press | Feb 24, 2021 | Reprints | Unlock LinkFederal Reserve Chair Jerome Powell underscored the U.S. economy’s ongoing weakness Tuesday in remarks that suggested that the Fed sees no need to alter its ultra-low interest rate policies anytime soon.
Who’s the Developer Behind One Mystic?
By Steve Adams | Banker & Tradesman Staff | Feb 23, 2021 | ReprintsAfter eye-catching plans were released for the 29-story “One Mystic” apartment tower in Charlestown, questions remained about the little-known firm behind the project.
Single-Family, Condo Sales Set New Highs in January
Feb 23, 2021 | Reprints | Unlock LinkMassachusetts single-family home and condominium sales continued their torrid pace as median prices reached new all-time highs for the month of January, according to a new report from The Warren Group, publisher of Banker & Tradesman.
Personnel File
Feb 22, 2021 | Reprints | Unlock LinkFrom new VPs to fresh project managers, see who’s been hired, promoted and honored: it’s The Personnel File.
Redfin to Buy Major Rental Listings Site RentPath
Feb 22, 2021 | Reprints | Unlock LinkOnline brokerage and listings site Redfin said it has reached a deal to buy RentPath, the Atlanta-based owner of ApartmentGuide.com, Rent.com, and Rentals.com, for $608 million in cash. The news comes after CoStar’s attempted acquisition was blocked by antitrust regulators.
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