State’s Home Prices, Sales Down Sharply
By Aglaia Pikounis
Home prices in Massachusetts dropped nearly 5 percent in 2007, the second consecutive year they have declined, as sales sunk to their lowest level in 15 years.
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Residential Mortgage Lending Down 60% From Peak Levels
By Amy Wyeth
The sky really is falling, at least on the local lending scene. Mortgage originations, once buoyed by a high-flying real estate market, slipped into a tailspin last year as the housing sector struggled and the subprime lending arena imploded.
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Bay State Foreclosures Rise 150 Percent in 2007
Foreclosure deeds in Massachusetts increased nearly 150 percent in 2007 compared to 2006, and were up seven times the number of foreclosures in 2005, according to The Warren Group, Banker & Tradesman’s parent company.
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January Podcast
The latest edition of the TWG Insider from Banker & Tradesman's parent
company The Warren Group features discussions about the Bay State's
foreclosure crisis with B&T reporter Aglaia Pikounis, TWG's CEO Tim
Warren Jr. and Bob Credle of Urban Edge.
Click here to visit the podcast page!
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