Residential Real Estate
MA Home Sales Sink Down, Median Price Edges Up
The tail end of Massachusetts’ fall home sales are finally winding their way through the closing process, and the results aren’t pretty: numbers of single-family and condominium sales are down by big double-digit percentages year-over-year.
Healey Says Focus on Affordability Issues, Retaining Talent
Reiterating that affordability and tax reform are among her chief concerns as she prepares to become governor, Maura Healey said Tuesday that she does not see those priorities as being “a wash” when combined with her support for the new income surtax.
Study Predicts Few Underwater Buyers if Home Values Fall
Only a small share of the thousands of pandemic-era homebuyers would be underwater on their mortgages if home values fall in 2023, a new study estimates.
Personnel File – No. 316
Who’s on the move? See the latest promotions, new hires and awardees: It’s The Personnel File.
Douglas Elliman Buys Back Bay Brokerage
New York luxury real estate brokerage Douglas Elliman is doubling its footprint in Boston.
Mixed Signals for Housing in ’23
Will next year see a collapse in American home prices, or a modest uptick? Will sales crater or hold firm? This year, professional forecasts are all over the place.
PHOTOS: A Year in Giving 2022
Every December, Banker & Tradesman rounds up recent instances of charitable giving, volunteering and other good deeds by members of the real estate and banking industries in Massachusetts.
War Stories: Selling During a Divorce
In a perfect world, a couple in the midst of a divorce would sit down together and calmly figure out what to do with their house. But, of course, this is not a perfect world.
Average Mortgage Rates Inch Down Further
The average long-term U.S. mortgage rate declined for the fifth straight week, even as the Federal Reserve just raised its key borrowing rate for the seventh time this year and signaled there were more to come in 2023.
Community Good Works
HarborOne Bank made $245,000 in grants through its foundation to 34 nonprofits to support children and families across Southeastern Massachusetts and Greater Boston.
MassFiscal Takes Anti-Tax Torch From CLT
After nearly 50 years, Citizens For Limited Taxation is turning off the lights at the end of 2022, and its final leader on Thursday said he expected CLT’s members would bolster the ranks of another Bay State fiscal watchdog.
NAR’s Yun Predicts Stable Home Prices in ’23
Count the top forecaster at the nation’s biggest real estate trade group among the optimists when analyzing the looming 2023 housing market.
GLX Delivers Price Premium for Condos
As the Medford branch of the MBTA’s Green Line Extension makes its long-anticipated debut today, the $2.3 billion transit project has already left its mark on the residential real estate market in Cambridge, Medford and Somerville.
Where’s the Housing Market Headed? Predictions Run the Gamut
Prominent economists across the real estate world are turning out their predictions for the new year, and some have New England markets in their lists of top performers for 2023. But uncertainty over the economy’s direction has created an unusually broad spread among this season’s forecasts.
More Brokerage Acquisitions on the Horizon
It’s a tough time to be a residential real estate brokerage right now. Revenue is falling along with numbers of home sales, raising the prospect that not every firm will survive next year.
Selling Need Not Be a Divorce Issue
There’s no one-size-fits-all when it comes to real estate. Each deal is different, and rarely does one go off without a hitch. But when it comes to divorce, selling a house becomes that much more complicated.
Community Good Works
Brockton-based SCU Credit Union celebrated World Kindness Day all week long with acts of kindness in the local community. Among these, SCU President and CEO Glenn Parsons traveled to several grocery stores and surprised shoppers by handing out over $3,500 in gift cards to people he met in the aisles.
Register Of Deeds Wants to Intervene in Foreclosure Case
An Essex County elected official wants the courts to let him make his voice heard in a local foreclosure case that he says fits into a broader, nationwide pattern of predatory lending.
Coldwell Banker CEO Out as Anywhere Shakes Up Leadership
Massachusetts’ many Coldwell Banker agents will have a new CEO overseeing them and the company’s other agents around the country.
1 in 12 Homes Bought in ’22 Are Underwater. Not So, in Mass.
A new analysis by real estate data firm Black Knight has discovered around 450,000 casualties from this spring’s home-buying frenzy.
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