June 7, 2025 - 02:48
The housing crisis is forcing states to take a look at how to use under-utilized land to bridge the gap for its residents. In a proactive move, a New England state has announced the release of 450 acres of land specifically designated for the development of affordable housing. This initiative aims to provide much-needed relief to families struggling with rising housing costs and limited availability of affordable options.
Local officials are optimistic about the project, emphasizing the urgency of addressing the housing shortage. Plans are already in motion, with construction crews expected to break ground shortly. This initiative not only aims to create new housing units but also seeks to foster community development and economic growth in the region.
By utilizing available land for housing, the state hopes to alleviate some of the pressures faced by residents in the current housing market. The commitment to affordable housing reflects a growing recognition of the need for sustainable solutions to ensure that all residents have access to safe and affordable living conditions.
June 15, 2025 - 01:59
Home Prices Expected to Rise in 2025, According to NAR ForecastThe National Association of Realtors (NAR) anticipates a 3% increase in home prices across the United States in 2025. This projected growth is largely attributed to a resurgence in housing sales...
June 14, 2025 - 02:38
Historic GE Headquarters in Fort Point Sold for $57 MillionBOSTON — The building in Boston’s Fort Point neighborhood that once served as General Electric’s temporary headquarters has been sold for just over $57 million. This transaction comes at a...
June 13, 2025 - 09:39
Will the New Tax on Non-Owner-Occupied Mansions Attract Celebrities to Rhode Island?As discussions intensify around the newly proposed tax on non-owner-occupied mansions, local real estate stakeholders are expressing concerns about its potential impact. Dubbed the `Taylor Swift...
June 12, 2025 - 21:48
California Attorney General Takes Action Against SoCal Landlord for Tenant ExploitationIn a significant legal move, California Attorney General Rob Bonta has initiated a lawsuit against prominent Southern California landlord Mike Nijjar. This action follows an extensive three-year...