Frustration of Purpose: Judge Rules Newbury Street Cafe’s Rent Excused During Covid-19 Shutdown One of the First Reported Court Rulings Addressing Whether Business Can Be Legally Excused From Paying Rent While Subject to Government Covid-19 Shutdown As the Boston Globe reported this week, Suffolk Superior Court Business Litigation Session Judge Kenneth Salinger ruled that a […]
A Record 25% of Homeowners Have Lived in Same Home >20 years According to a recent report from Redfin, Americans are staying put longer as rising home prices, a housing shortage and the pandemic make moving less attractive. However, they do point out that there are a handful of migration hot-spots, that include Charlotte, Tampa
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NMHC Says 79.2% of Apartment Households Paid Rent by February 6th The National Multifamily Housing Council (NMHC) says that 79.2% of apartment households made a full or partial rent payment by February 6th, 2021. This figure is 1.9% lower than those who paid rent through February 6, 2020 and higher than the 76.6% that paid
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The Northeast led the surge in US home prices last quarter The median price of a single-family home in the United States climbed 14.9 percent to $ 315,000 compared with a year earlier. | realestate.boston.com The post The Northeast led the surge in US home prices last quarter appeared first on Boston.com Real Estate.
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President’s Day by the Numbers Monday, February 15th is President’s Day across America. While it does honor all of our presidents, it is actually the official birthday observance of our first president, George Washington – and since Abe Lincoln’s birthday was also in February he, of course, gets to tag along. Stay safe and have
Organizations to host free event on how to avoid eviction The virtual program, slated for Monday, Feb. 15, will talk about navigating the housing crisis and how to stave off eviction. | realestate.boston.com The post Organizations to host free event on how to avoid eviction appeared first on Boston.com Real Estate.
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Yardi Says Bright Spots are Beginning to Emerge According to the latest Yardi Matrix Multifamily Report, the average U.S. multifamily rents were down 0.2% year-over-year in January. However, overall rents increased in January by $ 3 to $ 1,392. Yardi says bright spots are beginning to emerge. “As we enter 2021, there seems to be
Pandemic Year Sees Soaring Home Seller Profits as Prices Set New Records According to their Year-End 2020 U.S. Home Sales Report, ATTOM Data Solutions says profits on home sales increased in 9 out of 10 Housing Markets in 2020 with the national median home price up 13%. In addition the report says sellers nationwide realized
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Home of the Week: Norwell Swiss Revival shows off shiplapped great room The home — which is near a park, river, and woodlands — has three bedrooms and two full baths. Search the latest listings at realestate.boston.com. The post Home of the Week: Norwell Swiss Revival shows off shiplapped great room appeared first on Boston.com
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FHFA Extending Foreclosure & Eviction Moratoriums through March The Federal Housing Finance Agency (FHFA) announced they are extending their moratorium on foreclosures and evictions from single-family foreclosures and real estate owned (REO) through March 31, 2021. The foreclosure moratorium applies to Enterprise-backed (Fannie Mae & Freddie mac), single-family mortgages only. The REO eviction moratorium applies
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