NAR President Quits After Explosive Sexual Harassment Investigation
Kenny Parcell has resigned his post after 19 NAR staffers and members accused him of sexual harassment in an investigation published Saturday.
Time for Investors to Bail on Housing Market?
Small-time investors who flocked to the housing market in recent years have done well. But it’s now time to sell, said one of the nation’s top housing economists.
Lessons from the Sumner Tunnel Closure Should Shape the Future of Commuting
Data shows Boston commuters ditched the drive for mass transit this summer. Massachusetts can learn from the experience and try to make those choices permanent.
Mortgage Rates Hit New 22-Year High
The average long-term mortgage rate climbed further above 7 percent this week to its highest level since 2001, another blow to would-be homebuyers.
One Dalton Developer Brings in New Brokerage
With 17 condominiums lingering unsold since Boston’s One Dalton tower opened in 2019, the building’s developers are switching horses and bringing in a new brokerage to move the units.
New Construction Makes Up Nearly 1 in 5 Boston Houses for Sale
With most homeowners who might have sold in other years sitting tight, the share of newly-built homes in the Greater Boston housing market has nearly doubled in a single year.
Fed Money to Fund Dorm-to-Shelter Lease
Nearly $2 million in federal dollars will flow into Massachusetts and Boston city coffers to tackle the migrant housing crisis, with the money arriving just over a week after Gov. Maura Healey declared a state of emergency due to strained shelter systems.
Luxury Homes Underperform Amid Boston Tower Openings
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.
Multigenerational Buying on the Rise
Prior to World War II, many extended families, lived together under one roof. And over the last few years, it has gained steam because of a number of factors – the pandemic and high housing costs among them.
Refuges from Boston’s Housing Market Are Disappearing
Some of the last remaining escape hatches from Greater Boston’s grossly overpriced housing market – Worcester and Providence – are starting to close. And unfortunately, local NIMBYs seem determined to make the problem worse.
Equity, Reproductive Rights Help Mass. Climb in ‘States For Business’ Rankings
A popular ranking of states’ business climates is beginning to put more emphasis on things like reproductive rights, equity and inclusion.
No Sign of Sellers’ Return to Mass. Housing Market
In what’s become a familiar refrain for Massachusetts housing market-watchers, a trio of data reports issued Monday showed for-sale inventory significantly down in July, and prices rising.
Go Bigger on Accessory Dwelling Units
A provision in the so-called “YIMBY Bill” before the state legislature that would legalize accessory dwelling units on all residential properties statewide is an excellent idea. But Beacon Hill should think even bigger.
When the House Comes with a Tenant
It doesn’t happen often, but every once in a while, would-be buyers run across a house for sale that also comes with a tenant. And that means the sale requires some special handling.
Hot Property: 55, 59 and 63 Brucewood St.
“Brucewood Homes demonstrates our commitment to collaboration, craftsmanship and pushing the boundaries to design buildings that address the issues of climate change. This project celebrates what we believe in: that our work enhances a sense of place, and often the simplest forms can make the biggest state.”
Community Good Works
Fitchburg-based IC Credit Union awarded five $1,500 scholarships to local high school seniors. See who else gave back.
Housing ‘Extras’ Add Up
Homebuyers who focus solely on the cost of their mortgage’s interest and principal are doing themselves a disservice. There are other recurring costs that should be factored into the decision.
Celebrating Joy in Justice
If you’re trying to make change in your organization, fatigue – yours and your coworkers’ – can be a huge obstacle. Here are three ways to help get around that and keep momentum going.
Experts Believe Mortgage Rates Are Heading Modestly Lower
Rates are far from all-time highs, but it’s important to remember that as inflation cools, so might mortgage rates despite the Federal Reserve’s most recent interest rate decision.
Longer Homeowner Tenure Means Agent Roles Will Change, NAR Says
With Baby Boomers outbidding Millennials and Generation X in many home sales, economists at the National Association of Realtors say real estate agents should start thinking differently about what their clients need from them.
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