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Single-family home cost in Massachusetts hits new heights

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Single-family home cost in Massachusetts hits new heights


As the mercury rises, so do home prices.

A harbinger of that is the report today by The Warren Group, which shows the cost of a single-family home climbed 10% in February in the Bay State, with a new median price of $548,250.

“February was another record-setting month for median single-family home prices as sales activity
was flat on a year-over-year basis,” said Cassidy Norton of The Warren Group. “A lack of inventory is the biggest factor driving these trends, and with fewer and fewer homes hitting the market, we can fully expect to see more recording-setting prices paired with a low sales volume in the coming months.”

The report lists 2,042 single-family homes sold in Massachusetts during February. That’s flat year-over-year — or up 0.1% with 4,434 home sold in 2023 vs 4,438 this past February, the report states.

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The median condo price increased 6.5% on a year-over-year basis to $490,000.

Condo sales also increased 5.8% when compared to last February, with 1,017 sales vs 1,076 closings this winter, the report adds.

“Although condo sales increased 5.8% in February on a year-over-year basis, activity is still
nowhere near what we saw even two or three years ago,” Norton said. “Record high prices and
high-interest rates are likely a big factor in the long-term decline in activity, and prospective
buyers shouldn’t expect much relief in the near future.”

The Fed is meeting this week, and all eyes are on the benchmark interest rate but don’t bet on any immediate relief.

Fed Chair Jerome Powell and his fellow Fed officials are expected to play it safe and keep rates frozen, according to multiple reports.

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The Fed’s benchmark rate stands at about 5.4%, the highest level in 23 years, after a series of 11 rate hikes that were intended to curb the worst inflation in four decades but have also made borrowing much more expensive for consumers and businesses, the Associated Press reports.

Mortgage rates are hovering near 7.2% for a 30-year fixed rate, with other similar rates being promoted for slightly less. “Upper” 6% rates are also in play as of Monday, with Business Insider stating “hotter-than-expected economic data has helped push them back up.”

As for Greater Boston, the housing picture is even more costly.

The Warren Group report states the median price of a single-family home has soared 11.9% year-over-year in February from $620,000 to $693,750. That’s for the 139 towns located within Interstate 495. Condo prices are also up 5.7%.

There’s not much movement in Boston, where single-family home sales — though very rare — climb past $1 million, statistics show. The same holds true for Cambridge, Arlington, Dover, Belmont, Brookline, Concord, Edgartown, Hingham, Lexington, Lincoln, Needham, Wellesley, Weston, and Westwood.

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MLB notes: New Red Sox pitching directors looking to keep pipeline flowing

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MLB notes: New Red Sox pitching directors looking to keep pipeline flowing


FORT MYERS, Fla. — Over the past few years the Red Sox pitching program has been completely transformed.

Since Craig Breslow took over as chief baseball officer, the Red Sox have gone from one of the worst organizations at developing young pitchers to one of the best, and now the club is overflowing with talented arms who are already making their mark in the majors.

That hasn’t gone unnoticed, and this past offseason one of the people most responsible for executing the club’s turnaround — former director of pitching Justin Willard — was hired away by the New York Mets to be their new major league pitching coach.



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Red Sox reliever ‘fired up’ to join Team USA after dominant start to spring

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Red Sox reliever ‘fired up’ to join Team USA after dominant start to spring


FORT MYERS, Fla. — It’s hard to imagine Garrett Whitlock’s spring getting off to a better start. The Red Sox right-hander made it three straight scoreless outings through the first week of games Saturday by sending down the Minnesota Twins 1-2-3 in the third during the club’s eventual 13-8 win.

Now, Whitlock will get ready to join Team USA ahead of the World Baseball Classic.

“I’m stoked. I’ve been jittery the past two days, like, ‘Oh man it’s almost here,’” Whitlock said. “Now I’ve got to go home, do some laundry and do some packing.”



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‘We’re honoring Black excellence’: Mass. celebrates leaders of color

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‘We’re honoring Black excellence’: Mass. celebrates leaders of color


Applause and music echoed through the Hall of Flags at the Massachusetts State House Friday as lawmakers and community leaders gathered for the Black Excellence on the Hill and the Latino Excellence Awards.

The ceremony celebrates Black and brown residents committed to advancing economic equity.

“We’re honoring Black excellence,” said state Rep. Chris Worrell. “When we look at today, this is what it should look like. This is our house. Black people built this house, literally and figuratively.”

Honorees ranged from attorneys to former professional athletes. Nicole M. Bluefort of the Law Offices of Nicole Bluefort said she plans to use her platform to uplift others.

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“I will use my advocacy skills as an attorney to move people forward,” she said.

Former NBA player Wayne Seldan Jr. talked about his journey from McDonald’s All American to a full scholarship at Kansas and a professional career.

“You always want to keep striving for continued betterment and for stuff to grow,” he said. “I don’t think there should be mountaintops. I think we should always be striving to keep building.”

The keynote address was delivered by Michelle Brown, mother of Jaylen Brown, who spoke about raising two children as a single mother and the importance of faith, discipline and education.

“There are no shortcuts. There are no guarantees,” she said. “There was faith, there was discipline, and there was a deep belief that education created mobility.”

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Speakers emphasized that mobility is strengthened when communities work together for a common good. Bluefort highlighted the importance of mentorship and shared opportunity, while state Rep. Sally Kerans encouraged attendees to stand together across racial lines.

“In this moment, stand with others. Speak up. Don’t be afraid to say ‘That’s not normal.’ Be allies. Be supportive,” Kerans said.

Organizers said the ceremony was not only about recognition, but also about sustaining progress — encouraging leaders and residents alike to continue building toward a more equitable future.



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