Business is booming in the Bay State. But while the number of corporate headquarters is growing so there’s plenty of places to work, finding a place to live is another story.You often hear about limited inventory and high demand, but the lack of new homes being built is also a major factor.
“What I'm looking at is buyer fatigue. These buyers do not want to come out and make an offer because they don't want to lose” she said. Ultimately her fortunes changed. After more than a year of searching and seven failed bids, she closed on a home in Abington a few months agoIn today’s housing market, Maraglia’s journey is becoming more common. The commonwealth’s housing market is consistently competitive, soaring home prices have made sellers reluctant while high interest rates have buyers bashful. But the commonwealth has a building problem too.
“We were the first community to pass our town meeting rules to comply with the new MBTA zoning law," said State Rep. Michelle Ciccolo. She said a town once reluctant to grow is now removing zoning barriers to create more multi-family housing. Under the MBTA multifamily zoning act guidelines, Lexington was required to set aside a minimum of 50 acres for new development. Ciccolo said the town decided to allocate more than 220 acres.
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