
Healey’s Next Housing Push Can’t Forget Single-Family Homes
Too narrow a focus? That’s the big question about the Healey administration’s efforts to tackle the housing crisis to date, which have been skewed towards apartment projects.
Too narrow a focus? That’s the big question about the Healey administration’s efforts to tackle the housing crisis to date, which have been skewed towards apartment projects.
The income required to afford a starter home across the nation has risen significantly since 2019.
While starter homes across the nation are getting more affordable, the same can not be said for those in Greater Boston.
Even as record-high high home prices dominate local housing markets across the country, new data suggests that sales of cheaper starter homes are on the rise.
National housing inventory rose 3.3 percent year-over-year, driven almost entirely by a 13.3 percent increase in premium homes. However, starter home inventory plummeted, hitting its lowest level in at least six years, and amid a 9.6 percent year-over-year increase in median list price.