Boston real estate

Neighbors in the Fields Corner area were apprehensive in 2019 when they learned developer James McClure was planning a six-unit condominium building on a parcel of land zoned for a three-unit building.

Felicia Richard, a Boston native and long-time resident, started looking to buy her first home in 1995, after her oldest son was born. Nearly three decades later, after eight years away from the city and another year and a half where she was essentially homeless, Richard still has not been able to buy a home.

A cash buyer gave a Banner reporter a low-ball offer on a two-family home in Roxbury, despite the city’s overheated real estate market. Real estate brokers caution against selling to such buyers, who typically pay no more than 70% of a home’s market value