Latest Headlines in Real Estate
Boston’s housing market is through the roof. At least we’re not San Francisco.
In the first quarter of 2024, only four of the 30 largest metro areas in the US eclipsed Boston in terms of median sales price for single-family homes.
Despite high-profile losses, most towns passed their MBTA Communities plans this spring
At least 67 communities have approved zoning they think will meet the law’s requirements, and roughly 50 of those votes have come in the last couple of months. Still, the opposition movement is gaining some momentum.
‘A sobering statistic’: The typical house here now costs $950,000
The record-breaking figure represents an unmitigated housing crisis that is pushing homeownership further out of reach for everyday people.
The state’s new housing law aimed to help fix the affordability crisis. Experts now say it won’t deliver.
As towns file their MBTA Communities plans with the state, many are drawing zones that will likely produce far less new housing than the law anticipates. And it’s entirely by the book.
Despite looming tax base worries, Moody’s affirms Boston’s strong credit rating
The major credit rating agency affirmed this week that Boston’s finances remain in great shape — at least for now.
Healey launches political advocacy group to dive into local housing fights
The governor and the lieutenant governor have set up a nonprofit called One Commonwealth Inc. to provide grassroots support in pro-housing efforts at the town level.
A Cambridge City Council panel’s proposal would legalize six-story buildings. Everywhere.
The ambitious proposal, designed to tackle the city’s housing crisis, would essentially scrap the current neighborhood-by-neighborhood zoning scheme.
CHESTO MEANS BUSINESS
Mayor Wu is at odds with business leaders over property tax plan
Wu's move aims to protect homeowners and renters from higher taxes, but business leaders say it will hurt the city’s competitiveness