The housing market feels the effects of a government shutdown in many different ways. Verifications, loan approvals, and closings can take longer, and in some cases, get put on hold entirely.
Recently Massachusetts has taken action to protect tenants from hidden fees as well as to clarify how fees are paid to real estate agents assisting both tenants and landlords. Together, these reforms aim to make the rental process more transparent and fair. Local communities are also taking a closer look at how short-term rentals (STRs) work—and don’t—when many are not properly registered.
As housing affordability continues to challenge our local communities, we find it encouraging to see legislative steps that prioritize affordability, flexibility, and access, like Massachusetts’s Affordable Homes Act, signed into law last year by Governor Maura Healey. One of the changes we find most intriguing is the expanded ability to build Accessory Dwelling Units, or ADUs. These are small residential living spaces located on the same lot as another home, either within an existing primary residence, like converting a basement into an apartment, attached to a primary residence as a new construction addition, or completely detached, like a cottage or converted detached garage in a backyard.”
With their complementary communication styles, responsiveness, competence, and ability to truly listen, Ellie and Liz enable their clients to feel at ease throughout any real estate transaction. They would welcome the opportunity to be your next real estate advisors.
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1100 Massachusetts Ave
Cambridge, MA 02138
