Editorial: April 26, 2024: The Massachusetts Housing Crisis [Video]

THIS IS A WCVB CHANNEL FIVE EDITORIAL SPEAKING ON BEHALF OF THE EDITORIAL BOARD. WCVB PRESIDENT AND GENERAL MANAGER KYLE GRIMES. WHEN IT COMES TO THE HOUSING CRISIS IN MASSACHUSETTS, WE SAW MORE DISCOURAGING NEWS LAST WEEK. A NEW REPORT POINTS OUT THAT MORE RESIDENTS ARE MOVING OUT OF THE COMMONWEALTH THAN ARE MOVING IN, WHILE OUTMIGRATION IS AN ENTIRELY NEW, NEW TO OUR STATE, THE REPORT BY BOSTON INDICATORS, DETAILED IN THE BOSTON GLOBE, CONCLUDES THAT MORE MIDDLE AND HIGH INCOME RESIDENTS ARE LEAVING THE STATE THAN AT ANY POINT IN THE LAST 20 YEARS, AND ONE MAJOR FACTOR AT PLAY THE HIGH COST OF HOUSING. THE MEDIAN PRICE OF A SINGLE FAMILY HOME IN GREATER BOSTON HAS NOW HIT $900,000. OF COURSE, THAT’S GOOD NEWS FOR THOSE WHO ALREADY OWN THEIR HOMES. BUT DISCOURAGING NEWS FOR THE MANY THOUSANDS OF PEOPLE IN THE REGION TRYING TO BREAK INTO …