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Mass. changing emergency family shelter system again, phasing out hotels
Confronting more than $1 billion in annual costs tied to Massachusetts’ emergency assistance family shelter system, the Healey administration rolled out a suite of new reforms Friday.
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Private equity landlords' screening process discriminated against renters, lawsuits contend
Inaccurate tenant histories can add to the many woes renters face finding homes.
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New York City now requires landlords to pay broker fees. Should Boston do the same?
Renting in Boston is expensive, and some are looking to New York’s recent model for relief. The New York City Council voted this week to ban broker fees for tenants, shifting the financial burden to landlords. Some Boston residents are calling for the city to do the same, and Mayor Michelle Wu says she’s supportive of exploring the idea. “Boston...
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Here's what the Trump presidency could mean for the housing market, experts say
Donald Trump wants to address the housing shortage in the U.S. But some of his promises might be hurdles in the way.
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Mortgage rates are likely to stay high after Trump's election win—despite Fed rate cuts
With a Republican sweep of the presidency and Congress, mortgage rates could stay well above 6% for the rest of 2024.
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Mass. homeowners plead state for help with crumbling foundations
Massachusetts homeowners across the state are pleading with lawmakers to help them with crumbling foundations. Insurance won’t cover the issue and the government is the last place for them to turn. The advocacy group, Massachusetts Homeowners Against Crumbling Foundations, went door to door at the State House Wednesday calling for aid. The home foundations are failing because the concrete is...
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The ‘huge mistake' 1 in 13 homeowners are making with their money
More and more homeowners are skimping on insurance, despite the financial risks.
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Middle-class homeowners are increasingly squeezed by housing costs
One in four middle-income new homeowners — twice as many as a decade before — are buying into cost-burdened situations, according to NBC News.
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Accessory dwelling units could change housing landscape in Mass. under new law
It felt like forever for Cara Judd to find her forever home after she sold her small condo during the COVID-19 pandemic. “I got really excited until I started looking around and was devastated by what my options were,” Judd said. “I have a really good job, I had been saving money for a while, it is just me, so…
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Massachusetts Affordable Housing Act signed into law
The largest housing bill in Massachusetts history, the Affordable Homes Act, was signed into law by Gov. Maura Healey. Here’s how it’s meant to help ease the state’s housing crunch.
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Gov. Healey signs Massachusetts affordable housing act
So many of us have had to deal with skyrocketing rent, or bidding wars for homes. New legislation is being touted as a $5 billion investment in tackling the commonwealth’s housing issue. It’s called the Affordable Homes Act, and it’s the largest housing bill in Massachusetts history. The hope is it will both increase housing production and improve the...
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You're not ‘throwing away money' on rent, says self-made millionaire: ‘I've made more renting than I would owning'
You aren’t wasting money by renting, says self-made millionaire. In fact, it can be a smarter financial move than buying.
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Homebuying is hard in these counties that could decide the election, but it's harder in the U.S. overall
Homes are getting less affordable for buyers all over the country — including in places where the 2024 presidential race could be decided.
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What to expect from the housing market in the second half of 2024, according to real estate experts
While one expert points to signs of improvement in the housing market, others say more listings and lower interest rates won’t counteract higher home prices.
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Mass. officials work to address affordable housing crisis
Despite pushback on the MBTA Communities Law, the Healey administration is moving forward on its plans to create more affordable housing in the state.
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Affordable housing is still a priority for Mass. officials
Finding room for housing is no easy task in Massachusetts, but local leaders across the Commonwealth are looking for opportunities wherever they might be. A new development of 106 units is cropping up in crowded Cambridge and in cities like Salem have quickly come into compliance with the MBTA Communities Law. “All of this goes to address our housing crisis…
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These are the 10 most ‘unaffordable' cities in America—Los Angeles is No. 1
Creditnews Research ranked the cities by the percentage of neighborhoods within reach for the typical married-couple household to buy a home.
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More communities push back against MBTA zoning law
Towns across Massachusetts are working to come into compliance with the MBTA Communities Law, which requires municipalities to rezone for more housing near transit stops. Areas like Wakefield and Marshfield have both faced pushback over zoning plans, others like Rockport have seen citizens file lawsuits to block proposed changes. Massachusetts Attorney General Andrea Campbell is spearheading enforcement of the law…
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Biden to target ‘rent gouging' landlords, as high housing costs factor into 2024 race
February’s 0.4% rise in consumer prices was driven largely by housing and energy costs.
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Home buyers to be spared automatic broker commissions under new $418 million settlement
The National Association of Realtors has agreed to a landmark settlement that would eliminate real estate brokers’ longstanding automatic commissions, commonly of up to 6% of the purchase price.