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Issue of May 21, 2007

Single-Family, Condo Markets See Declines in Sales, Prices
By Aglaia Pikounis
Single-family home sales in Massachusetts slipped slightly in April, while condominium sales dipped 5 percent and prices for both continued a downward trend.

Cape Builders Say Code Full of Hot Air
By Aglaia Pikounis
Homebuilders fear a section of the new building code that designates Cape Cod as a high-speed wind zone will drive up housing costs.

Indian Tribe Placing Bet on Middleborough
By Thomas Grillo
Acres of serene woods could be replaced with neon lights and clanging slot machines if a group of Cape Cod Indians gets its way.

‘Unbanked’ Still Drift From Mainstream
By Amy Wyeth
They’re low-income, but they’re working. They are more likely to reside in urban areas. Most of them are young, and many are immigrants – a group seen as key to Massachusetts’ future economic success. Many also fit another demographic: They have no relationship with a bank or credit union.

Bill Calls for Public Schools to Teach Personal Finance
By Amy Wyeth
High school students are getting credit card offers and check cashers have sprung up where there never were any before.

Down Payment Process Eased for Developer of Skyscraper
By Thomas Grillo
Mayor Thomas M. Menino is backing away from a timetable that requires a developer to make a substantial down payment for a city-owned parking facility.

Despite Price Declines, Region Sees Few Gains in Affordability
By Aglaia Pikounis
Homebuyers on a tight budget searching for a new home last year could have had luck in Stoneham, Medfield or Gloucester.

Bank President Knows Slow and Steady Wins the Race
By Amy Wyeth
Measured progress. That’s the best way to summarize how PeoplesBank in Holyoke has grown over the years.

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