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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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Lucas: Trump is his own running mate, crushing Biden in campaign appearances as he stands trial

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Lucas: Trump is his own running mate, crushing Biden in campaign appearances as he stands trial


Right now, Donald Trump is his own running mate. Meaning that he is not going to share the national spotlight with anyone if he can dominate it on his own.

And that is what he is doing as he stands trial in Manhattan on dubious and politicized so-called hush money payment charges that never should have never been brought and were squashed years ago.

It is an ego thing for Trump, and more. It is a desperation thing for Joe Biden.

The Democrats have to knock Trump out of the race, one way or another.

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Trump needs no vice-presidential candidate to speak for him. He speaks for himself, despite proposals that he be gagged and fined or jailed during his Democrat-sponsored show trial which is aimed at sabotaging his
campaign for president.

All things being equal, a fading President Joe Biden, 81, cannot stand up on a debate stage—or anywhere else—with an energized 77-year-old Donald Trump.

One only has to compare and match their almost simultaneous campaign appearances last week.

In one, Biden, escorted by Philadelphia Mayor Cherelle Parker, as though he were out for a walk from the nursing home, showed up at a Wawa to get ice cream. There were no people around the pair, no one rushing to shake hands. Biden had a lost look on his face as he was led to the ice cream counter by Parker. He did not talk to anybody or issue any remarks.

In the other, Trump, in a break for the Manhattan court, made a surprise appearance at the Harlem bodega where Jose Alba, the clerk, acting in self-defense, killed a violent ex-convict who was attempting to rob him.

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Soft on crime Manhattan District Attorney Alvin Bragg quickly came to the aid of the robber and not the victim. Bragg, like he is doing to Trump, put Alba through hell. He charged Alba with murder and sent him to Riker’s Island before was forced to drop all charges against him.

Unlike a wobbly Biden in Philadelphia, Trump needed no one to take him by the hand to show him around the bodega. He was warmly greeted by black and Hispanic residents who crowded around him as he spoke about his love of New York and how he was going to fight crime.

He sounded like he was running for district attorney against Bragg who, in a way, he is.

“We’re going to straighten New York out,” he told the crowd, which responded by chanting, “Four more years, four more years.”

It was no contest. Trump handily won the day, just as he did Thursday meeting with construction workers before heading to court, and it was all free television campaign coverage.

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The same was true of the pairs’ earlier response to the college anti-Israel, antisemitic demonstrations. Biden mumbled some sort of equivocation, while Trump said they were “a disgrace.”

Trump would also handily win the election too if Joe Biden and the Democrats did not twist the country’s justice system into something Vladimir Putin would be proud of.

So, it is understandable why Bragg, the court and the Democrats would like nothing better than to gag Trump throughout the length of the trial.

It would be a mistake for Trump to name a running mate to campaign for him while he is tied up for weeks in Bragg’s bagged courthouse trial. Were he to do so, much of the media attention, which Trump thrives on, would be diverted from him to the running mate, whoever he or she was.

Besides, all the hopeful running mates are already out there on television defending Trump and attacking the Democrat produced and directed show trial.

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The Democrats are playing with fire as they seek to destroy Trump. What goes around tends to come around.

It is not too far-fetched to think that if Trump becomes president, it will be Joe Biden on trial, not Donald Trump. That is what we have come to.

In their hounding of Trump, they are turning one of the most aggressive and, at times, obnoxious man on the planet into a sympathetic martyr.

Meanwhile, it is all out war between the Wawas and the Bodegas.

Take your pick.

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Peter Lucas is a veteran political reporter. Email him at peter.lucas@bostonherald.com.



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NFL Draft: Cardinals nab Boston College's Elijah Jones at No. 90

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NFL Draft: Cardinals nab Boston College's Elijah Jones at No. 90


The Arizona Cardinals took Boston College cornerback Elijah Jones with the No. 90 overall pick in the 2024 NFL Draft.

Jones heads to Arizona after spending the past six years at Boston College.

Across nine games in 2023, Jones set career highs with five interceptions and eight passes defensed to go along with 25 tackles and a forced fumble.

Jones marks the second cornerback taken by the Cardinals this NFL Draft. In the second round, Arizona opted for CB Max Melton out of Rutgers.

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Cornerback marked a big position of need that had to be addressed this offseason, especially after the defense ended up 31st in the league with an opposing passer rating of 102.9 and was 30th in receiving touchdowns allowed with 32.

With Antonio Hamilton departing in free agency to Atlanta, Arizona went out and boosted the position with veteran free agent addition Sean Murphy-Bunting. He now fits in alongside the trio of second-year pros Garrett Williams, Starling Thomas V and Kei’Trel Clark and Melton.

Murphy-Bunting is near the top of the list to secure one of the starting roles in coordinator Nick Rallis’ defense.

Each of the three youngsters meanwhile flashed as rookies, with Williams taking over nickel corner after returning from a torn ACL suffered the year prior. Thomas and Clark both operated on the outside when on the field.

Who else have the Arizona Cardinals picked in the 2024 NFL Draft?

The Cardinals got after it in the first round with the additions of Ohio State wide receiver Marvin Harrison Jr. at No. 4 overall and Missouri defensive lineman Darius Robinson at No. 27 overall.

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Harrison should be in line to take over as the team’s WR1. Robinson should also be in the mix for a meaningful role right away.

The Cardinals then flipped Nos. 35 and 186 to the Atlanta Falcons in exchange for Nos. 43 and 79.

Twenty-three picks later, Florida State running back Trey Benson would get the phone call from Ossenfort at 66th overall.

Arizona used its next pick at No. 71 on offensive lineman Isaiah Adams out of Illinois.

Ossenfort again got on the phone, trading the 79th pick in the third round to the Indianapolis Colts for Nos. 82 and 191.

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He used the 82nd pick on Illinois tight end Tip Reiman

Where else are the Cardinals picking this NFL Draft?

Arizona’s remaining picks:

– Round 4, pick No. 104 overall
– Round 5, pick No. 138 overall
– Round 5, pick No. 162 overall (from Houston Texans)
– Round 6, pick No. 191 overall (from Indianapolis Colts)
– Round 7, pick No. 226 overall (from New York Giants)

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Could Houston Astros Have Something In Common With 1914 Boston Braves?

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Could Houston Astros Have Something In Common With 1914 Boston Braves?


The Houston Astros are 7-19 going into their series with the Colorado Rockies in Mexico City. It’s their worst start since the late 1960s.

But, perhaps there’s a little hope for the Astros? At least historically?

Houston lost 18 of their first 25 games. Even this early in the season, that can be hard to overcome. But, since 1900, one team has overcome that bad of a start and reached the playoffs.

According to MLB.com, that team is the 1914 Boston Braves.

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Back in 1914, little was expected of the Braves. They were coming off a 69-82 season and had not won or reached a World Series since their title in 1892 when they beat the Cleveland Spiders, 5-0-1.

Yep, 1892.

Boston got off to a bad start. After 25 games they were 6-19. But, this is why they’re known as the ‘Miracle’ Braves.

After dropping a July 4 doubleheader against the Brooklyn Dodgers, the Braves were 26-40 and 15 games back in the National League pennant race.

Right after that, they got red-hot, finishing 18-5 in July and was a game under .500 and nine games back.

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In August the Braves continued to pick up steam and on Aug. 25, after beating the Chicago Cubs, they were tied for the National League lead.

On Sept. 2, Boston took the NL lead for the first time and on Sept. 8 the Braves took it for good. By season’s end Boston was 94-59-5 and had a 10.5 game lead on the NL.

The run continued in the World Series, where the Braves swept the Philadelphia Athletics in four games.

Could the Astros do the same thing? Well, it could be a bit easier with six playoff berths in the American League — three division champions and three wild card berths.

At least there’s a little hope for a franchise that has reached at least the AL Championship Series every season since 2017.   

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