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Can't Afford To Buy In Massachusetts? You're Not Alone

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In this July 24, 2017, photo, a Caterpillar excavator rests at a housing construction site in North Andover, Mass. (AP Photo/Elise Amendola)
In this July 24, 2017, photo, a Caterpillar excavator rests at a housing construction site in North Andover, Mass. (AP Photo/Elise Amendola)

If you have been trying to buy a home in Massachusetts lately, you have probably noticed that housing supply is low throughout the state — pushing the median price of a single-family home to new highs.

It's now $400,000, according to the Massachusetts Association of Realtors, a nearly 8 percent increase from the same time last year and the first time the number has jumped past $400,000.

Condo prices are also up more than 3 percent, now over $361,000.

Guest

Barry Bluestone, founding director of the Dukakis Center for Urban and Regional Policy and a professor at Northeastern University. He tweets @BarryBluestone.

This segment aired on July 28, 2017.

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