The Boston Marathon’s route, which stretches from the outer suburbs to downtown Boston, isn’t paved in gold – at least not yet. But some communities along the 26.2-mile course have seen home prices explode.
Now here’s a real crisis we can all get up in arms about: The U.S. has lost 58 “million-dollar” cities over the past eight months, per Zillow, including our own Sudbury. But is the latest report all it’s cracked up to be?
Amid the return of uncertain economic times, and a potential recession just around a corner or two, the housing market in Boston’s toniest suburbs appears to be bouncing back just fine from last year’s turmoil.
Douglas Elliman’s newest Boston-area office opened this morning in Wellesley, headlined by a pair of well-known figures from the MetroWest real estate scene.
Things are going from bad to worse when it comes to housing production in Massachusetts. And it comes as the dearth of both new and existing homes on the market is starting to push prices, already far too high, to truly insane levels.
As home sales have soared, off-market listings – on the rise before the pandemic – have continued unabated, despite the National Association of Realtors’ approval last November of a Clear Cooperation Policy and a near-guarantee of bidding wars for MLS-listed houses.
Sellers stayed home, buyers swamped markets statewide, the Cape posted record sales figures and urban condos kept selling. What didn’t happen in the spring-turned-summer real estate market?
With the economy reeling and “social distancing” now the norm, real estate agents are becoming increasingly convinced that the once-promising spring market may have to wait.
Cornerstone Bank announced it plans to open a loan center at 45 Lyman St. in Westborough.
