The tea leaves are lining up in favor of homebuyers who can afford today’s higher mortgage rates.
As building costs soar, developers in Greater Boston are putting the brakes on new housing projects. And given the record high home prices and rents in the Boston area, this is the last thing we need.
Experts say that a 2008-style housing crash is unlikely to happen now, if only because lending standards are much tighter than they were prior to the Great Recession. Still, foreclosures are starting to tick upward.
The proposed $400 million expansion of the Boston’s gigantic Seaport convention hall could turn out to be one very sweet deal for a Texas tycoon and GOP mega-donor.
Calculating people are always looking for ways to separate the rest of us from our money. Such, it appears, is the case with Home Title Lock, an outfit that promises to “protect” you from home title theft.
Beacon Hill is sitting on a mountain of federal cash. And House and Senate leaders are inexplicably giving the brush-off to calls to devote much of it to affordable housing production even as prices and rents are skyrocketing.
Massachusetts’ main multiple listings service is the target of a class action lawsuit claiming the longstanding buyer-broker commission rule is driving up home prices.
You’ve paid an ungodly amount for your house. You’ve also paid more than you can believe in closing costs. But if you are like the typical homebuyer, your spending isn’t over.
Have we reached peak home price craziness yet? For the last decade, the answer from the market has been a resounding “no.” This time could be different.
Northeastern’s attempt to rent hundreds of rooms in the Sheraton Boston can make a difference reducing pressure on working families’ rents by taking students out of the market. Then why aren’t NEU students supporting it?
Some sellers have a good reason for not wanting one. But for most people, “For Sale” signs are a 24-hour marketing tool that shouldn’t be ignored, even as house hunts mostly start online.
The front-runner in the race for governor wants to have her cake and eat it too when it comes to rent control – an idea with the potential to shut down housing production in Greater Boston.
You can’t pick your neighbors. You can pick your neighborhood, though, and it is a good idea to give that as much thought as the house itself, even in a beggars-can’t-be-choosers market like this.
The old Boston, where the most important thing is who you know and what political strings you can pull, is still alive and well, if a legal battle playing out in state court is any indication.
It’s hard to say who is more grating to listen to: the angry landlords bristling with resentment, or the self-righteous activists who highhandedly dismiss opponents as plants for cynical corporate interests.
Owners who are just now putting their homes on the market appear to be an optimistic bunch. Whether they are too hopeful remains to be seen, but the signs are pointing to a slowdown that could stop the march of ever-higher prices.
Rising mortgage rates are sidelining many would-be homebuyers. But there are two ways to meet the challenge.
The jury’s still out on Gov. Charlie Baker’s signature housing initiative, but the signs aren’t good it’s up to meeting the sheer scale of Massachusetts’ homes shortage.
The modest capes and ranches that marked the post-war building boom have long since given away to McMansions with seven-figure price tags in Boston’s suburbs.
Fannie Mae and Freddie Mac shut many self-employed buyers out during the pandemic. But now, those rules are gone and some lenders, perhaps sensing a grand opportunity to boost market share, are targeting gig workers directly.