Alicia Sasser Modestino in Boston Globe: Are downsizing baby boomers the key to easing the housing crunch?
by Jon Gorey, Boston Globe
Almost everyone who’s been looking to buy a house or condo around Boston in the past few years has encountered the same frustrating challenge: There just aren’t enough homes for sale, particularly as some would-be sellers wait out the COVID-19 pandemic and construction in Boston at a stop.
With only 8,163 single-family homes and 3,132 condos for sale statewide in February, housing inventory was at its lowest point for that month since at least 2004, according to the Massachusetts Association of Realtors. That’s not a mere winter blip: February’s year-over-year decline in single-family homes for sale was the 96th drop in 97 months.