More density, new zoning, and fresh investment in affordable and social housing top his priorities. By Beth TreffeisenSource: Boston.com When newly elected Somerville Mayor Jake Wilson bought his first home in Winter Hill 21 years ago, he was terrified he was making a terrible mistake. He and his wife paid $425,000 for a modest starter […]
By Emily WilkinsSource: MSN Both congressional Democrats and President Donald Trump both want to limit how many homes major corporations can own, but a new proposal from Sen. Elizabeth Warren, D-Mass., makes it clear that’s where the agreement ends. In a bill released hours before Trump’s State of the Union speech, Warren, Sen. Jeff Merkley, D-Ore., and 16 other Senate Democrats propose ending […]
By Katanga JohnsonSource: Bloomberg US lenders are poised to see new mortgage-loan requirements as the Federal Reserve comes closer to unveiling a long-awaited bank capital proposal tied to Basel III. Michelle Bowman, the Fed’s top bank cop, said parts of that new measure related to residential real estate would consider increasing the “risk sensitivity” of capital […]
Source: BRET NEWTON, Mass.— An Atlanta-based developer is pitching a new 234-unit apartment project near a Whole Foods Market in Newton, adding to a growing pipeline of large-scale residential developments along Crafts Street, according to the Boston Business Journal (BBJ). According to BBJ, Wood Partners has proposed developing the apartments at 38 Crafts St., a […]
By Grant Welker Everett Sees Rapid Residential Growth Everett’s residential market continues to expand with the opening of two new apartment complexes: Jade (325 units) in the Commercial Triangle and Artemas (396 units) just north of Santilli Circle near local breweries and businesses. The city of roughly 52,000 has experienced rapid growth due to its proximity […]
By MARTHA BELLISLE Washington state has enacted new rent stabilization laws, becoming one of the first states to set firm limits on rent increases to protect tenants. Signed by Gov. Bob Ferguson, House Bill 1217 caps rent hikes at 7% plus inflation or 10% (whichever is lower) and includes single-family homes and manufactured housing, the latter […]
by Kim O’Brien While we are still firmly in the most prolific apartment building cycle in U.S. history, supply volumes have finally peaked. The first time apartment supply volumes hit a historic peak was back in 2nd quarter 2023, when quarterly completions surpassed 100,000 units for the first time since RealPage Market Analytics began monitoring the market […]
The theater has been vacant on Church Street since 2012. The Cambridge City Council wants to question the owner about its reopening. By Molly Farrar Harvard Square is marred by at least a dozen of vacant storefronts, including, notably, the nearly century-old Harvard Square Theatre on Church Street. It’s been closed since 2012, and, after a failed […]
by Arben Skivjani After starting the quarter below its long-term average, employment ended September on a high note, with an increase of nearly 254,000 jobs. This brings the total number of jobs created in the first nine months of the year to 1.8 million, which is 24% below the level seen during the same period last […]
By Jim Morrison The US Justice Department and attorneys general in eight states are suing a popular AI-enabled property management software system over alleged anti-trust violations. The Justice Department — and the states of North Carolina, California, Colorado, Connecticut, Minnesota, Oregon, Tennessee, and Washington — accuse RealPage Inc. of violating the Sherman Act and harming “millions […]
