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Real Estate News in Brief: Catching Up on Two Weeks of Market Movements
In April, the average 30-year mortgage rates saw a significant increase, rising more than 50 basis points and briefly exceeding 7.5% . This surge has had a noticeable impact on the housing market: Pending Sales Index Drop: The National Association of Realtors (NAR) reported a 7.7% month-over-month a
The State of Inventory: May 2024 Real Estate Update
In May 2024, the real estate market saw a significant shift with the number of nationwide active listings climbing to 788,000, marking a 35% increase year-over-year and the highest figure since July 2020. While this surge is promising, it’s essential to keep a few critical points in perspective: His
The MBTA Communities Act: Transforming Zoning for Multifamily Housing in Massachusetts
This legislation mandates that cities and towns served by the Massachusetts Bay Transportation Authority (MBTA) zone for more multifamily housing. Despite facing controversy and opposition, the majority of towns have approved their MBTA Communities plans, which aim to distribute housing production m
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