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Cambridge House Median Jumps; Most Bostonians Renters

HUB-WIDE—If you're a seller, these are happy days: "At $1.2 million, the median sale price of a Cambridge single-family home is 80 percent higher than its pre-recession peak, according to a new analysis by a Boston real estate firm. ... [S]ale prices in the Boston neighborhoods of Jamaica Plain and South Boston also beat their past peaks by 41 and 33 percent, respectively." [Globe]
BOSTON—The share of renters in the city has spiked since 2006. The percentage of Boston residents who lease rather than own now rivals those in Los Angeles, New York and Miami. Wonder why. [WSJ]