In case you’ve lived the life of a college spring breaker for the last week (I know, the sun makes us all go crazy), I have once again collected some of the most interesting stories in the news about the Boston real estate market from the past week. We’ll be doing this every week, so head over here to get your Boston real estate news fix.
Local Boston Real Estate News
Boston Rents are increasing quickly. Very quickly.
“Rents are rising — increasing at their fastest pace since the fall of 2007, according to Reis Inc., which expects rent increases to accelerate even more as vacancies tighten.”
Mass. lawmakers send foreclosure bill to governor.
“The legislation would require lenders to assess a borrower’s circumstances…”
State economy grows faster than US, but slowdown coming, UMass reports
“Massachusetts’ economy continued to grow at faster rate than the nation’s largely due to the strength of the state’s technology industry…”
National Real Estate News
Home builder confidence… movin’ on up.
“Homebuilder confidence rose six points in July, its steepest one-month increase in over a decade, according to a new report from the National Association of Home Builders. ”
Mortgage Rates Drop Again, Freddie Mac says; 30-year at 3.53%
“With the Federal Reserve aggressively pushing rates down and few signs of inflation on the horizon, it was 12th time in 13 weeks that a new record was set, Freddie Mac economist Frank Nothaft said in the report Thursday morning.”
