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What’s the Wait Time for First-Time Buyers in California?

A new study has ranked U.S. states based on the difficulty first-time homebuyers face when trying to enter the housing market. Massachusetts ranks #7 overall (tied), making it one of the seventh hardest states for first-time buyers to afford a home. The median home value in Massachusetts is $535K, with a typical down payment of $77K (14.4% of the home price)....

County’s Innovative Housing Trust Fund Receives Unspent Grant Money

The County Board of Supervisors reallocated $2 million from the Capital Emergency Solutions Grant Program to the Innovative Housing Trust Fund (IHTF) and Landlord Incentive Program after a project was abandoned. The IHTF, established in 2017, has invested $112 million in affordable housing, supporting 36 projects with 3,054 units. The Landlord Incentive Program aids families and veterans experiencing...

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