Residential Real Estate
Fed to Discuss Interest Rate Hike with Inflation Up
With inflation uncomfortably high and the COVID-19 Delta variant raising economic concerns, a divided Federal Reserve will meet this week to discuss when and how it should dial back its ultra-low-interest rate policies.
NOAA: Rising Seas to Make ‘Sunny Day’ Flooding More Common
This month’s heavy rains follow a year in which coastal communities in the United States experienced record high-tide flooding, a trend that federal ocean researchers say is expected to continue into the future “without improved flood defenses.”
Change of Work Status Leads to Buyers’ Change of Heart
Now that the country is reopening and some companies are calling their employees back to the office, more than a few pandemic-inspired buyers are having a change of heart.
Mass. Should Pass Homebuyer Savings Bill, Implement Housing Choice
The benefits of home ownership to an individual and to a community are numerous and expansive, and the Massachusetts Association of Realtors is proud to support a state bill to help first-time buyers.
147-Unit Development Proposed in Mission Hill
A Mission Hill multifamily project that’s been in the planning stages since before the pandemic is moving forward with permitting for 80 apartments and 47 condos.
Some Buyers Still Looking for Big Moves, Studies Say
A pair of studies out this week from researchers at discount brokerage Redfin and their peers at listings portal Zillow suggest some buyers are continuing to trade distance from work for cheaper housing.
Developer Breaks Ground on Union Square Labs, Housing
The master developer of Somerville’s $2 billon Union Square urban renewal project broke ground this morning on the first phase of the 2.4 million development spanning 15 acres in Somerville’s heart.
Alliance Residential Opens First Phase of 211-Unit Billerica Complex
The first phase of Alliance Residential’s newest local multifamily development brings 110 apartments to a former commercial property in Billerica.
Cape Brokerage Kinlin Grover Joins Compass
Another big national real estate brand is coming to Cape Cod as Kinlin Grover joins Compass.
Remodeling Demand Looks Bright. Thank High Home Prices?
Homeowners are poised to continue spending more on home improvement and maintenance projects through mid-2022, a new report from Harvard University housing researchers says.
Will Massachusetts Be Able to Limit Pandemic Evictions?
A federal freeze on most evictions enacted last year is scheduled to expire July 31, after the Biden administration extended the date by a month.
For Mass. Remote Workers, Life’s a Beach
Homebuyers looking to retire early or work remotely from more bucolic surroundings continued to flood Cape Cod towns and some South Shore this spring, pushing median sale prices to astounding heights. These towns saw the most price growth.
Does Someone Need to Sue for Rental Assistance?
Massachusetts has set aside roughly $1 billion for pandemic rental assistance. But roughly half of applicants aren’t able to finish their 13-page applications. The net result is a loss of affordable housing run by small landlording businesses, plus despair in many Massachusetts homes.
Mass. Democratic Leaders Make Baker Look Progressive
Republican Gov. Charlie Baker must be congratulating himself after successfully outmaneuvering the top Democratic legislative leaders on the issue of when and how to spend billions in federal stimulus cash.
Hot Condo Markets Emerge in Post-Pandemic Environment
Local real estate markets have been sorting out the effects of the pandemic and changing buyer preferences for the new rules of living and work agreements, leading to strength in some surprising places.
Backups Contracts Work for Both Sides – Especially in This Market
In real estate, a house isn’t sold until the Fat Lady sings at the closing. Until then, the seller should keep their options open by accepting backup contracts.
Rate-Locks Suggest Second Home Demand ‘Returning to Earth’
Demand for vacation home loans is shaping up to be weaker this summer than mid-2020’s record highs, according to a new analysis of mortgage rate-lock data by economists at discount brokerage Redfin.
Westport Home Sells for $1M Over Asking
A seaside home in the South Coast’s western-most town recently sold for a jaw-dropping $1 million over the asking price, according to the listing agent.
Mass. COVID-19 Cases On The Rise
Though the metrics remain near their recorded low points, COVID-19 cases and hospitalizations are rising in Massachusetts as the Delta variant continues to spread.
Report: Family Help Key for Latinx Homebuyers
A new report from discount brokerage Redfin has found that Hispanic or Latinx homeowners are more likely than people of any other race or ethnicity to have received family financial help to buy their home.
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