OnPoint Capital’s 8-unit condo project in Chelsea, deemed the “Spencer Flats”, was recently featured in the NEREJ! Click here to read the full article.
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“In the last five years in Greater Boston, 59,000 more drivers commuted alone. A study released in February found Boston had the nation’s worst rush-hour traffic,” reported the Boston Globe. An in-depth investigation from the Spotlight Team revealed the many facets causing traffic issues in greater Boston including old and inefficient public transportation options and an annual increase in the number of drivers on the road. On top of that, our politicians have been slow to try much-needed solutions to the traffic problem. So what will the long-term effects be on Boston’s economy and housing? Click here to read more.
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The National Association of Realtors (NAR), which oversees 640 multiple listing services across the country, voted this week to require members to list all properties within one day of marketing efforts beginning - a policy effective May 1, 2020. In essence, they are trying to prohibit “off-market” listings. The goal of this is for all buyers to have equal knowledge and access to all the properties that are currently for sale. However, this policy may have unintended consequences for sellers and their agents. For example, agents can no longer start marketing a property while it is undergoing renovations or getting staged and photographed. For more pros and cons of this new policy, check out this article.
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