In this newsletter:
- Up Zoning Your Yard: Baker is pushing for higher density housing across Mass but what do residents really want?
- Root of All Evil: These plants are quietly destroying your house.
- Listing Spotlight: Featuring a modern 2 bed & 2bath condo in the heart of Eastie.
TOP IDEA
Baker Pushes For High Density Zoning Around T
Housing supply has been kept at historic lows for the past few decades. The 2008 recession further exacerbated this by pushing more builders out of the industry. This new bill includes $668 million dollars for small business owners and “encourage” multifamily zoning in MBTA communities. This will particularly be a challenge in desirable communities such as Wellesley, where residents often oppose high density housing. And if you live in a community within 0.5 miles to the train, expect to see some heavy machineries and burly construction dudes in the foreseeable future.
STATE OF THE MARKET
- Inventory Down: Inventory stays low across all asset classes as sellers are holding on to lower interest rates and their homes longer.
- Prices Still Up: While demand has decreased, the drop in inventory is still causing a rise in the average price/ sqft across the market.
- Recession?: Rates are set to taper if inflation can be brought under control. The reduction in housing inventory is already causing a uptick in rents.
ROOT OF ALL EVIL
These Plants Are Quietly Destroying Your HouseIf you live in greater Boston (or anywhere in New England), there’s a good chance you’ll find these seemingly harmless plants around your house. These plants were initially brought over from Japan. Some gardeners found them ornamental and provides great privacy for the home owners. Knotweeds are also believed to have medicinal properties (though they were never verified scientifically). But in fact, they are super invasive! Japanese Knotweeds grow very aggressively like bamboo. It’s roots can penetrate into your foundations, giving you a very very expensive home improvement project. Unfortunately, there’s no easy way to get rid of them except to stay vigilant and pull them up by the roots and hope they don’t return!
LISTING SPOTLIGHT
Your First Adult Condo In Boston
This modern condo brings both comfort and convenience to Boston living. Nestled in the heart of East Boston, you’re a mere 9 minutes away from downtown and walking distance to some of the local favorites. Unit 101 offers an open concept space that extends to a deck overlooking Noyes Park – where you can dine, live, and entertain in harmony. Both bathrooms are equipped with heated flooring to soothe those wintry New England mornings. A smart thermostat coupled with high efficiency systems ensure optimal comfort for all seasons. Unit includes 2 spots in a HEATED garage, complete with smart door sensors, a pet cleaning station, and also a bike storage room. All the modern amenities without compromises to convenience – make 16 Boardman U101 your new home!
MEME OF THE MONTH
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