New York City has banned rental broker fees. It will be interesting to see if Massachusetts follows suit.
The rental supply glut in Downtown Boston has received quite a bit of attention in the past 12 months.
The challenges faced by the Boston housing market have been well documented in 2020. The pandemic has caused massive shifts in urban population distribution in metropolitan areas all across the country, and Boston is no exception.
In an article that cites real data and provides analysis, Beth Treffeisen of the Boston Sun reports on research by the
An information session on The Beverly apartment complex will be held tonight at the Boston Public Library in Dudley Square, from 6:00 pm to 7:30 pm. Read more.
Good news: Suffolk County (Boston, Revere, Chelsea, & Winthrop) leads the nation in the percentage of housing considered to be affordable to those in "extreme" poverty (earning no more than $28,300 for a family of four).
Bad news: Only 51 extremely low-income families out of every 100 in Suffolk County are able to access safe and affordable rental housing.
Source: Urban Institute, The Housing Affordability Gap For Extremely Low-Income Renters In 2013
[img]http://www.universalhub.com/files/photos/bps.png?1... first round of lottery assignments for students in Boston Public Schools went out last week.
[img]http://johnakeithrealestate.com/wp-content/uploads...
You find the most-interesting things in a barber shop.
Here are a couple photos of pages from the April 1925 issue of Real Estate News newspaper, "Dedicated to the Development and Welfare of Boston and New England and to those who Own, Occupy, Sell or Manage Real Estate".
On the cover is a story on plans to completely rehab an existing building on Newbury Street. The renovation did take place, as Bostonians know, as the property was the location of Kakas Furs fur for many years. In the left-hand corner of the page is a photo of the building as it existed circa 1925.
Inside the newspaper is a short article entitled "WHY BOXES REMAIN ON THE STREET" regarding trash receptacles in the Back Bay.
John Keith ponders the case of some couple that put their house up for auction, then refused an $830,000 bid as too far under their $1-million starting price:
John Keith, a real-estate broker, is amazed to read a comment by the head of the Massachusetts Realtors Association that a recently announced 21% decline in single-home sales is no big deal:
It's a condo cat fight on the South Boston waterfront!
881 E. First St. doesn't like 9 W. Broadway:
Ari Ben Harav's Boston Realty News is heavy on news of new high-end condo projects.
In attending a meeting of one of Fort Hill's dueling neighborhood associations, eeka learns that there are two ways to buy a house - and one is a lot cheaper
Heard on TOTN this afternoon.
From RealEstateJournal:
The Boston-Cambridge-Quincy, Mass./N.H., metropolitan area tops
the list as the region with the highest probability of experiencing a
housing-price decline. The area scored a 533 on PMI's Risk Index, indicating a
53.3% probability of weaker home prices in the next two years.That marks a big increase in risk for the New England hub. A
year ago, Boston's probability for home-price declines stood at 23.3%. The
area's problem "is that it has had strong home-price increases relative to poor
income growth," says Marco Van Akkeren, an economist at PMI.
John reads in the Globe that Suffolk-county foreclosures are up 50% and he
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