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Providing accurate and timely information about what matters in Franklin, MA since 2007. * Working in collaboration with Franklin TV and Radio (wfpr.fm) since October 2019 *
Tuesday, September 24, 2024
Immigration Is Not Making Housing Less Affordable - Invisible People BiWeekly News
Wednesday, June 5, 2024
Boston Globe: "Median home sale prices have risen across Mass. since 2018"
"It’s no secret that home prices have soared to new heights in Greater Boston. But most of the towns in Massachusetts that have seen the fastest rise in home prices in recent years aren’t actually inside Route 128.Town-by-town median home sale price data provided by The Warren Group, a real estate information firm, offer a bird’s eye view of recent trends. The data show that in the past five years, prices have risen the most in towns outside Greater Boston.Just west of Worcester, Spencer saw its median home sale price go from $225,000 in 2018 to $407,500 in 2023 — an 81 percent increase. The median price in nearby Charlton went from $284,900 to $499,950 over the same time period, up about 75 percent. The dataset includes only towns where there have been 25 or more transactions in 2023."
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Boston Globe: "Median home sale prices have risen across Mass. since 2018" |
Monday, May 27, 2024
Did you catch the Boston Globe article on the BEN for Franklin group?
"For Cobi Frongillo, a town councilor in Franklin, every meeting about a new housing development goes about the same way.First, the pitch from the developer. Then, a barrage of complaints quickly follows. The Franklin residents who show up generally hate the height of the building, how large it is, the number of parking spots — pretty much everything about the proposal.It can be difficult for Frongillo, 25, to sit through. The only way he can afford to live in Franklin is by renting a backyard cottage from his parents, and he sees how few people his age have any opportunity to stay in the community where they grew up. Allowing more new homes in Franklin could help, he said.Fed up with the hostile reception to new development in Franklin, Frongillo and a group of other residents formed what was once a rare breed of advocacy organization in Boston-area suburbs: a pro-housing group, whose members go to public meetings to say yes to more housing development, instead of no."
Wednesday, May 15, 2024
Washington Post: "Are home prices still rising? See how prices have changed in your area"
"Many first time home buyers are struggling to break into the U.S. housing market as prices continue to rise.
Since 2019, home prices have surged 54 percent. In the last year, prices increased 5.8 percent — a more steady rise after the volatile years of the early pandemic, according to a Washington Post analysis of home value data from the mortgage technology division of Intercontinental Exchange (ICE). But high interest rates, low inventory and years of price jumps continue to challenge Americans buying homes.
Prices vary widely depending on where you live. Enter your Zip code below to see how the market value of the average home in your area has changed."
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Are home prices still rising? See how prices have changed in your area" |
Wednesday, December 20, 2023
"We're not going to overcome this deficit anytime soon just building single-family housing."
America's Housing Shortage Explained In One Chart 🏠
"We're not going to overcome this deficit anytime soon just building single-family housing."
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"There aren't enough homes to keep up with the increase in households" |
Why it matters: There aren't enough homes to keep up with the increase in households.
- Other estimates also put the size of the country's housing shortage in the millions.
What they're saying: "We're not going to overcome this deficit anytime soon just building single-family housing," Hines managing director Ryan McCullough tells Axios.
- Between the lines: Apartment construction surged in recent years.
Yes, but: Most newly built housing is high-end, and not widely affordable.
Sunday, September 10, 2023
“In terms of a moral imperative, it’s despicable to think we can’t do better”
"Nearing 70 years old, Mary McPeak had long had a stable home in Greater Boston. But after a breakup four years ago, she suddenly found herself unmoored, couch-surfing at friends’ homes or renting a room while she faced years-long wait lists for affordable senior housing.Then a break: McPeak “won the lottery,” figuratively and quite literally, when she was selected in 2020 by lottery for a new senior housing complex, the Brown Family House in Brookline run by 2Life Communities.“It was sheer, blind, ridiculous luck,” said McPeak, now 73. The retired secretary has lived in her subsidized one-bedroom apartment for nearly three years now. “It was so lucky, it was enough to believe in God.”Such is the state of affordable housing for seniors in Massachusetts, where it seemingly takes divine intervention to find a home. In an inventory-starved market, the graying population faces some of the steepest hurdles in the country to secure an affordable place. So dire is the situation, some argue, seniors should be prioritized in the state’s response to the wider-ranging housing crisis."
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“It was sheer, blind, ridiculous luck,” said Mary McPeak, 73, of her subsidized apartment. SUZANNE KREITER/GLOBE STAFF |
Friday, December 9, 2022
MassCEC Seeking Applicants for Triple Decker Retrofit Pilot
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Saturday, January 8, 2022
02038.com: "Million dollar homes shock no more in Franklin, MA"
"Highest home sale in 2021
The highest price paid for a single-family home in Franklin during 2021 was $1,677,900. While decidedly small potatoes in many of the affluent communities throughout Greater Boston, it was the highest price ever paid for a home in Franklin listed on MLS-PIN.
Before 2021, Franklin’s record-high sale price on MLS-PIN was $1,577,000, which was set in 2020.
Franklin’s sale price record broken five times in 2021
What’s most noteworthy about 2021’s housing market in Franklin is that the town’s record-high sale price set in 2020 was surpassed FIVE times just one year later in 2021!"
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The number of single-family home sales in Franklin recorded on MLS-PIN during 2021 was significantly higher than the previous year’s total |
Monday, November 29, 2021
Franklin, MA: FY 2022 Tax Rate Information (Franklin Matters view)
The Town Administration and Board of Assessors prepared the following to present the FY 2022 tax rate info for the public hearing at the Town Council meeting on Wednesday, Dec 1, 2021.
My version shares the information with some chart views that I think help tell the story better (my 2 cents).
The official data and presentation copy -> https://www.franklinma.gov/sites/g/files/vyhlif6896/f/uploads/6._tax_classification.pdf
My view -> https://docs.google.com/presentation/d/13BJB50G7qg3nU2_cS74HGxAFkgJMwJ8Syi_znlkcgSc/edit?usp=sharing
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tax rate chart vs. net change in property valuations 1988-2022 |
Saturday, July 24, 2021
"Affordable housing projects often draw resistance from neighbors"
"Housing costs are soaring across southern Maine, driving families from the towns where they were raised and bringing tensions to a boil as young residents and retirees struggle to compete against an influx of out-of-staters and well-off buyers.
That dynamic, which has intensified across the country during the pandemic, has unsettled quiet Cape Elizabeth, an affluent coastal community just south of Portland, where a proposal to build the town’s first affordable housing project in 50 years has pitted neighbor against neighbor and raised hard questions of who can afford to live here.
“This is a community of tremendous privilege and wealth, but there are other people in this town who are not well-off,” said Jamie Garvin, the Town Council chairman who supports the 49-unit project. “People are being priced out of the community they’ve lived in for a number of years.”