At first glance, deed-restricted affordable condominiums seem like a strong policy tool to address the housing shortage. But the current structures governing these units locks their owners out of generational wealth – and even the ability to finance their purchase.
Bank of America plans to triple the investment in its affordable homeownership initiative in 50 of its market areas, including Greater Boston.
The annual salary needed to afford the median home in Boston is more than $106,000, a new study from HSH Assoc. has found.
Many are getting coal in their stockings this year thanks to the tax plan, but at least it’s “clean coal.”
The number of first-time home buyers has declined in 2017 and so has the percentage of their down payments.
It’s tough out there for a 25-year-old. Boston is in a many ways a wonderful city with a lot to recommend it – which may be why it has the highest concentration of Millennials of the 25 largest cities in the U.S.
Australian millionaire Tim Gurner offered some controversial advice to Millennials struggling to save for a home: Give up your avocado toast.