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 Issue of June 25, 2007 
   

Spring Home Sales Sluggish in Bay State
By Aglaia Pikounis
The spring sales season did little to rejuvenate the sluggish housing market. Sales and prices of single-family homes and condominiums in Massachusetts fell in May.



Time Crunch
Part Two of a Two-Part Series
By Amy Wyeth
With lenders now requiring more equity, more income documentation and higher credit scores, fewer subprime borrowers are able to refinance out of adjustable-rate loans. And for many borrowers whose rates have gone up or are about to reset, the clock is ticking.



NAIOP Event Offers A Sunshiny Forecast
By Thomas Grillo
No one was wearing sunglasses at last week’s Mid-Year Market Roundup, but given the bright outlook, shades might have helped.



New-Home Permitting Declines in State
By Aglaia Pikounis
Permitting for new-home construction in Massachusetts has tumbled in 2007 as builder confidence sank this month to its lowest level in 16 years.



Foreclosure Activity Continues to Rise in Massachusetts
By Amy Wyeth
Foreclosure activity in Massachusetts is still on the rise. The number of foreclosure auctions advertised in the state nearly tripled in May compared to one year ago.



Call Centers at Banks Ranked Higher Than Most Industries’
By Amy Wyeth
How knowledgeable, polite, easy to understand, interested in helping out and effective in handling customer problems are banks’ call center staff?



Indian Tribe Won’t Build Casino If Middleborough Is Opposed
By Thomas Grillo
The tribal leader of the Mashpee Wampanoags says he won’t build a controversial casino in Middleborough if the town votes against it.



Builders Seeking Expansion Of State’s Chapter 40R Law
By Aglaia Pikounis
Builders are urging lawmakers to expand a state law that provides financial incentives for dense mixed-income housing development near town centers and public transit stations to appeal to smaller rural communities.




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