While housing construction is up and home prices have stabilized, researchers expect home buyers and renters will continue to face affordability headwinds in Massachusetts.

Home prices and rents have flattened in 2025 but are still “historically” high, according to a 108-page Greater Boston Housing Report Card 2025 released by The Boston Foundation and Boston Indicators on Wednesday.

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“It’s easy to get lost in the numbers of units, permits, and cost burdens, but we must remind ourselves that at the end of the day, we are talking about real homes, families and communities,” Lee Pelton, CEO and president of the foundation, said in a statement.

While the gap between who can afford to live in the Greater Boston area an

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