Stephen Donovan, a first year Master of Urban and Regional Policy student, was awarded the Metropolitan Boston Housing Partnership’s second annual Lowell Richards Fellowship.
The century’s first decade has brought a historic surge of newcomers to the city, most settling downtown. They carry fresh expectations — and pose real challenges
By Casey Ross | The Boston Globe | March 3, 2013
Susan Mai’s Beacon Hill apartment is a postage stamp of a place. The kitchen isn’t much bigger than the bathroom, and entertaining friends is a bit like playing Frisbee in a phone booth.
But for all its drawbacks, Mai says she couldn’t be happier. She walks to work at a local publisher, eats out five times a week, and thinks of Boston Common as an ideal front yard.
“It hasn’t crossed my mind to ever want to leave the city,” said the 25-year-old Mai, who shares the 450-square-foot apartment with her boyfriend. “I’ve never thought of our place as too small. I really don’t need a big kitchen or a garden.”
Mai is among the thousands of young professionals whose devotion to urban living is causing Boston to grow at its fastest rate in decades. The influx has spawned a sweeping transformation of the city, with new residences and office buildings filling the skyline and reinventing commercial districts that once felt hopelessly time-worn. Read More
By Barry Bluestone | Boston.com | December 20, 2012
As we enter 2013, the latest news on the housing front is encouraging. This past year sales of single-family homes in Greater Boston rebounded for the first time in seven years. Condo sales are up as well, nearly 30 percent over 2011 levels. And with mortgage rates remaining at historic lows, this coming year could see more of the same.
But the big story in housing is the dawning of a seismic shift in the region’s population and with it, a dramatic change in what kinds of housing people will want and where they are going to want it. It’s all about the greying of the baby-boom generation and the coming of age of the “millenials.”
Between 2010 and 2020, the population of Massachusetts is projected to grow by roughly 200,000 or about 3.1 percent. But as the figure below demonstrates, the age structure of the population is going to change dramatically. The number of young “prime age” individuals, aged 25-34, is expected to grow by about 91,000. These are the millenials who were 15 to 24 years old in 2010. Read More
By Erin Baldassari | The Cambridge Chronicle and Tab | November 28, 2012
As Baby Boomers age and the region continues to attract students and young professionals, the types of housing that renters and homeowners demand will change – and the pinch on housing in Cambridge will only tighten – according to a recent report on housing in the Greater Boston Area.
The report, by the Dukakis Center for Urban and Regional Policy at Northeastern University released Nov. 14, predicts the five-county region around Boston may need to double or triple its housing production to meet demand through 2020. Dukakis Center director and lead author of the report, Barry Bluestone, himself a Cambridge resident – said that the problem in Cambridge is particularly acute precisely because the city saw barely a blip in demand despite a housing crisis that crippled parts of the country.
“Home prices have fallen very little because of the tremendous demand for housing from young professionals and workers,” Bluestone said. “This is a hot market in real estate, even in a recession.” Read More