A Stormy Season for Short-Term Rentals on Nantucket
The fate of short-term rentals on the small, wealthy island of Nantucket is, for now, treading water.
FEMA Quietly Removes Access to New England Coastal Erosion Hazard Tool
At some point between February and early March, as seasonal wind and rain hammered New England coasts, a relatively new but enthusiastically embraced tool for predicting erosion slipped off the Federal Emergency Management Agency website.
Nantucket Can’t Find Consensus on STRs
Nantucket’s thriving short-term rental industry offers benefits in a major source of local tax revenues and income for homeowners, but has attracted blowback in recent years for absentee investors’ role in the residential real estate market.
Nantucket Rejects New Short-Term Rental Limits
In the latest skirmish over the future of vacation rentals on Nantucket, voters rejected four new proposals designed to regulate the market.
Last Call for Nantucket Short-Term Rentals?
Short-term vacation rentals are a lucrative business in Nantucket and an important share of taxes for the town budget. But a court ruling has thrown the future of these vacation properties in doubt.
A Hotel Makeover That’s Ripped from the Headlines
The first draft of history takes center stage at a newly-renovated boutique hotel in downtown Nantucket. Hotel owner and N magazine publisher Bruce Percelay looked to newspaper clippings of local historic events to inspire its new branding.
On Wealthy Martha’s Vineyard, Costly Housing Forces Workers Out, Threatens Public Safety
There are plenty of jobs, but restaurants and stores often can’t find enough staff because workers can’t afford to live there. Officials worry public safety is being compromised because they can’t retain or lure correctional officers or 911 dispatchers.
Most Expensive Mass. Home in History Under Agreement
A Nantucket compound has gone under agreement that, if sold at the asking price, would represent the most expensive home in Massachusetts history.
Nantucket House Sets New Mass. Sale Record
A compound overlooking Nantucket Harbor has taken the crown as the most expensive residential property in Massachusetts history.
Communities Lobby Beacon Hill for New Transfer Tax
After years of unsuccessful attempts to give cities and towns the option to tax home sales to support local affordable housing, advocates this session are putting forward a new version of the bill with more flexibility for municipalities to choose a plan that works for their community.
Zoning Change Could Upend Nantucket Rental Market
The measure would require short-term rental properties in residential districts to provide “long-term residential use more than short-term rental use,” unless they are owner-occupied.
Banker & Tradesman’s Editorial Cartoon: Xander Bogaerts and Rafael Devers Have Questions
Big spendings on the shores of the Little Gray Lady of the Sea by the owner of the Boston Red Sox!
Red Sox’ Henry Buys Nantucket Compound for $25M
The Boston Red Sox’s owner dropped $25 million on a Nantucket compound Friday, according to documents filed in the Nantucket Registry of Deeds.
Short-Term Rental Battle Returns to Nantucket
Two dueling visions of how the island’s long tradition of vacation rentals should respond to high housing costs and quality-of-life issues will go head to head on May 2.
Martha’s Vineyard, Nantucket Face Dire Future from Climate Change
The famous islands of Martha’s Vineyard and Nantucket in Massachusetts are facing serious impacts from rising sea levels and more powerful coastal storms driven by climate change, a new environmental report released Wednesday warns.
Housing Shortages Create ‘Near-Existential Crisis’ for Cape, Islands, Leaders Say
The lack of affordable housing on Cape Cod,...
Mass. Spring Mortgage Activity Up Over Past Two Years
The 2021 spring mortgage season in Massachusetts has outpaced the last two years, with more home buyers taking single-family and condominium purchase mortgages between January and May compared the same periods in 2019 and 2020.
Report: Nantucket Rejects Short-Term Rental Limits
Nantucket voters shot down proposals to strictly limit short-term rentals on the island by wide margins at this weekend’s Town Meeting according to local media reports.
Second Home Demand Soars 84 Percent, Mortgage Data Says
A new analysis of nationwide mortgage application data shows just how much demand for vacation homes has grown during the pandemic.
The Club of Million-Dollar Towns Keeps Growing
The number of towns with a median single-family home sale price of $1 million nearly quadrupled over the past eight years. And it is yet another sign as well that housing affordability in our state is going from bad to worse.
