‘Stalemate’: Sellers aren’t selling, and buyers aren’t buying. Rising interest rates are locking up Boston’s housing market.
The rapid rise in interest rates over the last year has forced homeowners who were entertaining a possible move to reconsider, meaning fewer homes are coming on the market.
With Boston set to vote on rent control proposal, Somerville could soon follow
The Somerville City Council, which has expressed broad support for rent control in the past, will begin work on a rent control policy of its own, with hopes of sending a finalized proposal to Beacon Hill for approval in the fall.
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