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| The size of new homes nationwide has stabilized at 2,320 square feet, according to the National Association of Home Builders, but newly built homes in Massachusetts tend to be larger in size. This home, located in a development called The Highlands at Brunelle East in Rutland, offers 2,600 square feet of living space with four bedrooms, two-and-half bathrooms and a 24-by-24-foot great room. |
Home Construction in Bay State Becoming a Large Undertaking
By Aglaia Pikounis
Bigger may not always be better, but when it comes to the size of new homes in Massachusetts, bigger is in. The average size of newly built homes has stabilized at 2,320 square feet over the last three years and is expected to remain in that range in coming years, according to the National Association of Home Builders, which recently projected design trends in new homes for 2004.
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Landlord Competition Reaching Fever Pitch
By Kristie DiSalvo
In a market awash in escalating vacancy rates and declining rents, landlords are aggressively chasing the few large companies searching for chunks of office space in the Greater Boston market. Fierce competition threatens to accelerate the trend toward falling rental rates seen throughout much of 2003, while deep incentive packages offered by landlords such as free rent for a portion of a lease and tenant fit-out improvements leave some brokers wondering how long property owners can stay afloat.
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New Mortgage Insurance Rates Lowest for MassHousing Users
By Melanie Nayer
Massachusetts’ affording housing bank, MassHousing, recently announced the offering of new mortgage insurance rates that are the lowest mortgage insurance rates in the country for low-income homebuyers who use one of MassHousing’s home mortgage programs.
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Underlying Fundamentals Paving Way Toward Economic Recovery
By Kristie DiSalvo
Count Edward Ladd among those who believe that this year, a tax cut will send new money into Americans’ pockets, businesses will continue spending and low interest rates will continue to make it cheaper for individuals buying a new home.
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When Asked to Offer Housing, Newton Organization Can Do
By Aglaia Pikounis
With home prices in Newton surging over the last decade, one community-based organization has been helping individuals from single teen mothers to developmentally disabled adults keep a roof over their heads.
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