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Healey names former city councilor O’Malley to BPDA board

O'Malley became the third new member appointed to the board since Mayor Wu took office.

Cape Cod mansion owned by Harry Connick Jr. hits market for $12.5 million
The Grammy-winning singer’s Chatham vacation home sits on a bluff offering panoramic views of Oyster Pond and includes a swimming pool, private dock, and boathouse.

Boston’s housing market is through the roof. At least we’re not San Francisco.
In the first quarter of 2024, only four of the 30 largest metro areas in the US eclipsed Boston in terms of median sales price for single-family homes.

Despite high-profile losses, most towns passed their MBTA Communities plans this spring

At least 67 communities have approved zoning they think will meet the law’s requirements, and roughly 50 of those votes have come in the last couple of months. Still, the opposition movement is gaining some momentum.

‘A sobering statistic’: The typical house here now costs $950,000
The record-breaking figure represents an unmitigated housing crisis that is pushing homeownership further out of reach for everyday people.

The state’s new housing law aimed to help fix the affordability crisis. Experts now say it won’t deliver.
As towns file their MBTA Communities plans with the state, many are drawing zones that will likely produce far less new housing than the law anticipates. And it’s entirely by the book.

Despite looming tax base worries, Moody’s affirms Boston’s strong credit rating
The major credit rating agency affirmed this week that Boston’s finances remain in great shape — at least for now.

Healey launches political advocacy group to dive into local housing fights
The governor and the lieutenant governor have set up a nonprofit called One Commonwealth Inc. to provide grassroots support in pro-housing efforts at the town level.

Latest Headlines in Real Estate

A Cambridge City Council panel’s proposal would legalize six-story buildings. Everywhere.

The ambitious proposal, designed to tackle the city’s housing crisis, would essentially scrap the current neighborhood-by-neighborhood zoning scheme.

CHESTO MEANS BUSINESS

Mayor Wu is at odds with business leaders over property tax plan

Wu's move aims to protect homeowners and renters from higher taxes, but business leaders say it will hurt the city’s competitiveness

no stupid questions

Deciding where to live? Here’s your Greater Boston Neighborhood Vibe Check™.

Are you seeking a hustle-and-bustle spot? A bohemian enclave? A quiet residential nook? Good news: We’ve got all of them in spades.

After vote Tuesday failed, Nantucket’s short-term rental debate will grind on

A measure to broadly legalize short-term rentals on the island was voted down at Town Meeting. Now what?

Map: Nearly 200 towns must rezone under the MBTA Communities law. Has your town complied?

More than 130 communities are working to pass new zoning rules that will make it easier to build multifamily housing, and dozens of local votes are coming this year.

On Nantucket, a battle over short-term rentals has lasted years. It may finally come to an end Tuesday.

The Town Meeting will vote on a measure to formally legalize short-term rentals on the tony island where many residents rent homes to vacationers.

CHESTO MEANS BUSINESS

On housing and energy, Healey’s big plans collide with local resistance

The governor is facing blowback from town officials on some of her top priorities, which could imperil their progress in the Legislature.

Bankrupt WeWork may abandon its lease at One Lincoln Street

The coworking company is still hoping to strike a new deal with its landlord, Fortis, for lower rents.