Despite reform efforts, inventory and price pressures continue to drag on housing market, 2024 Housing Report Card finds
Greater Boston’s well-publicized housing challenges continue, even as communities work to change zoning rules to comply with the state’s new MBTA Communities requirements, according to the 2024 Greater Boston Housing Report Card. The Report Card, released today at the Boston Foundation, notes that a lack of new construction, high interest rates, and changing demographics continue to slow sales and increase costs. However, the report sees promise in new policy initiatives. In a special section authored by a team from the Boston University Initiative on Cities, the report highlights the opportunity presented by freeing up publicly owned, vacant or underused land for affordable development – and the obstacles that are keeping it from happening.