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Median Home Price In Massachusetts Hits Record High Of $529,000
Sales prices jumped in Massachusetts in 2021 as buyers vie for a limited number of properties, prompting multiple offers, according to the Massachusetts Association of Realtors.
Seth Perlman / AP
The median sales price of a single-family home in Massachusetts rose to a record high of $529,000 in April, more than 20% higher than in 2020, according to new data from the Massachusetts Association of Realtors.
The median price of a condominium also jumped to an all-time high of $485,000, an 11.5% increase compared to the same time last year, the association said in its monthly report.
Sales prices jumped as buyers vie for a limited number of properties, prompting multiple offers. That s raised concerns about the lack of affordability in a state with some of the highest real estate costs in the country.
By Simon Rios, WBUR Reporter
May 13, 2021
Simon Rios, WBUR Reporter
New Bedford resident Liliana Cruz holds up a copy of the eviction letter she received in January. The landlord wants her out by the end of May. Simón Rios/WBUR
Liliana Cruz choked up at her kitchen table in New Bedford as she talked about faithfully paying her rent every month over the last five years. Despite that, her landlord has sent her a notice ordering her to leave the three-bedroom house by the end of this month.
“From one day to the next, it doesn’t matter what I pay, I have to go,” she said in Spanish. “And I don’t bother the landlord with anything. I spent my own money to fix the bathrooms. This is heavy, but God gives me strength.”
New Bedford resident Liliana Cruz holds up a copy of the eviction letter she received in January. The landlord wants her out by the end of May. (Simón Rios/WBUR)
Liliana Cruz choked up at her kitchen table in New Bedford as she talked about faithfully paying her rent every month over the last five years. Despite that, her landlord has sent her a notice ordering her to leave the three-bedroom house by the end of this month. From one day to the next it doesn t matter what I pay I have to go, she said in Spanish. And I don t bother the landlord with anything I spent my own money to fix the bathrooms. This is heavy, but God gives me strength.
Boston to big developers: Pay up
The city plans to hike linkage fees on office and lab buildings by 42 percent.
By Tim Logan Globe Staff,Updated February 9, 2021, 7:43 p.m.
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The Walsh administration this week plans to sharply hike the fees that
developers of office, lab, and other large commercial buildings must pay to support affordable housing and job training programs.
The additional money could add tens of millions of dollars a year to city coffers, capitalizing on a life-science building boom to help fund badly needed affordable housing.
But there also are worries that it could dampen a post-pandemic recovery for construction in Boston, and set a precedent for even higher assessments.