why We Need a variety of housing types: Worth Knowing Wednesdays




This article by The Boston Globe explains a problem facing empty nesters and new prospective home buyers when smaller dwellings in the state are too scarce and costly.

"Many older residents in Massachusetts who’d like to downsize — and turn over spacious dwellings to younger buyers desperate for room to expand —are finding it difficult, if not impossible. Even though their property values have ballooned, smaller homes or condos are scarce and carry prohibitive price tags in the state’s out-of-kilter real estate market."