Rising rents in the Boston area are forcing families to spend a higher portion of their income on housing costs, according to the Boston Foundation’s Housing Report Card, which was released yesterday.
Globe reporter Kimberly Blanton writes about the foundation report and rent prices in the city in today’s Business section.
At the same time, renter incomes [...]

The S&P/Case-Shiller home-price index, a closely watched gauge of U.S. home prices, showed price declines continued in July. While the pace of decline appeared to slow, experts warned there is still no sign of a bottom. No area experienced year-over-year price gains in July, the fourth straight month that has happened.
Seven of the 20 regions [...]

Boston’s innovative effort to combat housing foreclosure’s effects on neighborhoods reached a milestone yesterday when the city selected a Roxbury developer to renovate four dilapidated homes on Hendry Street in Dorchester.
The Boston Redevelopment Authority selected Bilt-Rite Construction Inc. to purchase, fix up, and sell the city-controlled triple-deckers on the street, the epicenter of the city’s [...]