If the state’s housing supply doesn’t also get a significant boost, some worry that a pulse of new aspiring homebuyers might only send demand – and thus prices – higher and higher.
The statewide median home sale price jumped by double-digits last month following a resurgence in buyer interest this fall, according to new data, even as a prominent Realtor group noted an uptick in price reductions in recent months.
The share of Boston-area home listings with price cuts may be much less than the same months in 2018 and 2019, but the size of the reductions are like nothing seen in the last five years.
A new report from brokerage and listings portal Redfin suggests homebuyer competition took a nosedive in Greater Boston between June and July – but it’s still stronger than in many metros.
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.
Whoever happens to win the mayoral race this fall, there’s really no place to go from here but down, at least when it comes to the sheer volume of construction.
The Boston Planning & Development Agency board of directors approved residential development projects in Chinatown, East Boston, Fenway, Roxbury and Jamaica Plain, and a commercial project in East Boston at its February meeting last week.
Gov. Charlie Baker, who lives with his wife in their turn-of-the-20th century Swampscott home, has no plans to invest his new $65,000 housing stipend in a property or rent closer to the office.
