Real Estate

Unemployment in the Bay State remained unchanged in January, holding at 6.7 percent, according to the U.S. Bureau of Labor Statistics (BLS). Meanwhile, the state added 16,100 jobs during the month.

Massachusetts foreclosures posted double-digit decreases in January, in both petitions and completions, according to The Warren Group, a sign last year's backlog in foreclosures stemming from 2011 banks' legal and documentation issues has subsided.

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Lexvest Parker LLC of Lexington has purchased the former Digital Credit Union headquarters in Maynard for $1.37 million, according to the company that represented it, O'Brien Commercial Properties of Marlborough.

Red Roof Inn is in the midst of a $120-million, multiyear renovation at its 350 properties across 36 states. And the economy hotel chain says the revamp of its Southborough location is nearly complete.

Five days after it purchased three biotech office buildings adjacent to its campus for more than $40 million, UMass Medical School (UMMS) issued a lengthy response Tuesday evening to Worcester officials concerned the purchase could result in a $1.5-million tax hit to the city.

Home sales in Massachusetts continued their upward climb in January with median prices rising for the fourth straight month, helped in part by low inventory that's inspiring more homeowners to sell, according to two reports released today.

In a bit of a surprise move, the University of Massachusetts Medical School has purchased the remainder of the five biotech buildings in the Massachusetts Biotechnology Research Park on Plantation Street for $40.3 million.

In this week's online poll, we're asking: How do you think the local residential real estate market will perform in the months ahead compared with last year?

Existing home sales ticked up in January and home prices continued a steady increase, creating signs of a seller's market, according to the National Association of Realtors.