By Mike Ross | The Boston Globe | April 6, 2015 AS I recently watched my 7-year-old nephew effortlessly assemble a fabulous building from Lego pieces, it gave me an idea about Boston’s housing needs. Maybe Boston officials and developers could learn something from him and those easy-to-use reusable blocks. The city must find more […]
WBUR | March 18, 2015 An annual report finds that the cost of housing in Greater Boston is soaring as the area simultaneously faces a serious housing shortage. The report’s most troubling finding is that there’s a major mismatch between the type of housing available and what’s needed in the city. Issued Wednesday morning by The Boston […]
WBUR | March 18, 2015 Here’s a fact: greater Boston is experiencing and urban renaissance. Also fact: greater Boston is experiencing an escalating housing crisis. Just how long can the two realities coexist before something has to give? Before the significant advances the region has made begin to slip away, simply because it’s too expensive […]
Thanks to its plethora of universities, arts organizations, top-notch health care institutions, and strong start-up culture, Boston is a great place to build a career and life. Salaries in the metro area are relatively high, with a median family income of $87,317, 12th among the largest metros in the nation. In Boston, that high income level matters–because the one thing the area doesn’t offer residents is a cheap cost of living.
Hispanic communities were particularly vulnerable to unscrupulous lenders during the last housing boom and the hardest hit by the bust, experiencing the sharpest drop and slowest recovery in home values, according to a study to be released Monday.
The number of jumbo loans used for home purchases has skyrocketed in Massachusetts, as buyers take out bigger mortgages to pay for increasingly expensive homes. Lenders, from local banks to mortgage giants, say that at least 30 percent of their loans are now jumbos, compared with about 10 percent in recent years, fueled by a market where home prices in some communities have now surged past prerecession highs.