In case you’ve been living under a rock all week (or perhaps just busy doing your own job), I’ve 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
One of the biggest deals in the city’s history!
“Convincing Vertex to move to Boston from Cambridge was one of the biggest real estate deals in the city’s history. It was helped by $12 million in real estate tax breaks over seven years the city provided for the $1 billion headquarters and lab space on Fan Pier.”
IKEA drops plans for Somerville Store
“IKEA’s real estate manager Doug Greenholz said the Swedish furniture store was abandoning plans for a 340,000 square foot store in Somerville.”
Check out Boston’s newest developments:
For a full list of luxury/new development condos in Boston, check out the properties page.
National Real Estate News
The housing market has finally turned… It’s about time!
“Even with the overall economy slowing,” Wells Fargo Securities economists said, cautiously, in a note to clients, “the budding recovery in the housing market appears to be gradually gaining momentum.”
Although the market is turning, low inventory is beginning to slow sales.
“Housing markets that just two years ago struggled with a glut of homes are now facing a new problem: There are fewer properties to lure buyers.”
Asking prices post big jumps in these 8 cities:
Some markets have shown more than 30 percent increases in asking prices. Find out where median list prices have seen some of the largest boosts in the past year.
