Apartments

Minimum-Wage Workers Face Uphill Struggle to Make Rent MABA MassachusettsRealEstate FirstTimeHomeBuyers MaBuyerAgent  To afford the $1,599 median-priced apartment, the ordinary minimum-wage earner in the U.S. would need to put in one hundred and six hours each week, according to a recent Redfin report. That’s astoundingly higher than the average forty hour work week. And according to Daryl Fairweather, Chief Economist at Redfin. “It’s virtually impossible for a minimum-wage worker to afford the typical apartment on their own.”  The analysis of median asking rentals for the three months ending January 31, 2025, and 2024 yearly wage data served as the foundation […]

Developer hopes to convert Court Square office building into housing #MABA #MassachusettsRealEstate #FirstTimeHomeBuyers #MaBuyerAgent  A Boston office building may soon become housing under the city’s office-to-residential conversion program. Woburn-based Court Square Equity Partners LLC has filed a Small Project Review application with the city’s planning department for a proposal to convert the fifteen Court Square office building into residential units. The developer is looking to convert the existing office building from business use to residential apartments in accordance with Boston’s Downtown Residential Conversion Incentive Program.  Launched in October 2023, the program encourages developers to convert underutilized offices into residences. The […]

Boston’s Isabella Stewart Gardner Museum buys adjacent $22.8 million apartment building MABA #MassachusettsRealEstate FirstTimeHomeBuyers MaBuyerAgent  The Isabella Stewart Gardner Museum has purchased a sixty two unit apartment building right next door in a twenty two point eight million dollar deal. The sixty two unit apartment building is located behind the museum’s new wing on two properties at 14 Palace Road and 11 Tetlow St. The two properties were sold to 1903 Realty Holdings for twenty two point eight million dollars.  The purchase is part of the museum’s long-term plans for growth and to protect the surrounding area from future development. […]

Stone Mill Lofts Opens to Residents as One of the First All-Electric Apartment Communities in Massachusetts MABA MassachusettsRealEstate FirstTimeHomeBuyers MaBuyerAgent  BOSTON– WinnCompanies joined with federal, state and local officials to open one of the first all-electric mixed-income multifamily properties in Massachusetts, cutting the ribbon on a $39.2 million adaptive reuse development that transformed the oldest mill in Lawrence, MA, into 86 units of rental housing. Massachusetts Congresswoman Lori Trahan, Massachusetts Housing Secretary Ed Augustus, U.S. Department of Housing and Urban Development Regional Administrator Juana B. Matias and Lawrence Mayor Brian DePeña were among those who celebrated Stone Mill Lofts, offering […]

More Are Becoming Renters Rather Than Homeowners MABA MassachusettsRealEstate FirstTimeHomeBuyers MaBuyerAgent The number of renter households in the United States increased by one point nine percent year-over-year in the second quarter, reaching a record forty five point two million, according to a new report from Redfin. This growth rate is more than three times that of homeowner households, which grew by only point six percent to a record eighty six point three million.  The data, sourced from a Redfin analysis of U.S. Census Bureau records dating back to 1994, indicates that the growth in renter households is the second-fastest since […]

Renting Beats Out Buying in All Major U.S. Metros MABA MassachusettsRealEstate FirstTimeHomeBuyers MaBuyerAgent According to the latest Realtor.com Rental Report, all fifty major U.S. metro areas prefer renting to buying a starting home as rents continue to decline in July. Rising mortgage rates, rising housing prices, and declining rents all contribute to the over $1,000 savings when renting as opposed to buying, which is a pattern that was observed in February. Just forty seven metro areas preferred renting at the same time last year. “For every major U.S. metro, renting a starter home continues to be more affordable than buying a starter […]

Renting vs. Owning: The True Costs of Homeownership MABA MassachusettsRealEstate FirstTimeHomeBuyers MaBuyerAgent For many American families, moving from renting to home ownership has become considerably more difficult as a result of the housing affordability issue, according to new Creditnews data. In reality, the monthly cost difference between owning a home and renting, given current mortgage rates and home prices, can reach $10,000 in some major cities. But in what way?   Key Findings: All costs included, owning a home is more expensive than renting in all of America’s 100 most populous metro areas. The monthly cost difference between homeownership and […]

Redgate Announces Gibson Point, 291 Modern Apartment Homes Designed for Wellness and Seaside Living MABA MassachusettsRealEstate FirstTimeHomeBuyers MaBuyerAgnet  Redgate announced Gibson Point, 291 apartment homes located in Revere, MA that offer residents a holistic wellness experience unlike any other. Nestled alongside the shimmering waters of the North Shore, Gibson Point provides opportunities for spa-like living in relaxed luxury apartments with breathtaking water views and seamless connectivity to Greater Boston. An on-site restaurant is planned to provide residents with healthy, flexible dining options from breakfast to dinner and beyond, allowing residents and neighbors to enjoy a holistic experience that nourishes their […]

Preleasing begins at Rowen at The Pinehills MABA MassachusettsRealEstate FirstTimeHomeBuyers MaBuyerAgent Plymouth, MA– Bozzuto announced today that it has begun preleasing at Rowen at The Pinehills, an elegant and thoughtfully designed residential neighborhood offering privacy, serenity, and outdoor recreation in historic Plymouth, Massachusetts.  The one hundred and seventy eight apartment home neighborhood will welcome its first residents in fall 2023. In addition to the residences, Rowen at The Pinehills includes a 79,964-square-foot parking garage and 6,435 square feet of new retail space. Highlighted by traditional New England design, Rowen at The Pinehills offers an active and elevated style of living. […]

Three projects to bring hundreds of housing units to Allston MABA MassachusettsRealEstate FirstTimeHomeBuyers MaBuyerAgent  The Boston Planning & Development Agency has approved three new Allston residential projects which will bring more than eight hundred and fifty housing units to the area. The projects are located at 1234-1240 Soldiers Field Road, 119 Braintree St. and 52 Everett St. 1234-1240 Soldiers Field Road The 1234-1240 Soldiers Field Road project alone will bring in five hundred and forty three new residences to the area, along with one and a half acres of public LED space. The transit-oriented development will include four newly constructed […]