Demand for housing in Boston is currently out of line with supply, according to the 12th annual Greater Boston Housing Report Card of 2014-2015, released Tuesday by The Boston Foundation.
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.
On a May morning, Boston is alive. Taxis are darting here and there, deliveries are being made, and Boston Common is filled with a crossroads of diversity: folks in spring dresses, shirts and ties, blue and brown collar uniforms, t-shirts and light jackets- all heading to destinations connecting this downtown park pathway- from the State House to Emerson and Fisher to Charles Street, to the Arlington Street Church.