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Issue of May 26, 2008 |     |
April Home Prices See Biggest Monthly Drop in 20 YearsThe median price of single-family homes in Massachusetts fell even further in April, with the month recording the steepest decline since The Warren Group, Banker & Tradesman’s parent company, began recording prices in 1987. Sales continued to fall in April, but less dramatically than in recent months. Hingham Rental Units Not Counted Affordable Under 40B By Aglaia Pikounis Hingham officials fighting to count all the units in a large retirement community as affordable have lost their battle in the state’s highest court. NAR, DOJ Reach Settlement Over MLS Listings The National Association of Realtors has reached a settlement with the U.S. Department of Justice over a dispute on how listings from multiple listing services are displayed on brokers’ virtual office Web (VOW) sites. As part of the settlement, NAR did not admit any liability or wrongdoing and will not pay any fines. Eastern Insurance To Buy Marshfield's Anderson Agency Eastern Insurance Group plans to acquire Marshfield-based Anderson Insurance Services, an independent agency specializing in musical instrument insurance along with auto, life, home, boat, annuities and business insurance. Foreclosure Deeds Reach Record Level In April Massachusetts foreclosure deeds soared to their highest recorded level in April, according to The Warren Group, Banker & Tradesman’s parent company. The number of deeds so far this year outpaced those in the first four months of 2005 by 1,165 percent. Study: Economic Woes Fail To Encourage Development Support Despite a steady stream of bad economic news, real estate developers are not going to find it easier to build, according to a new study by the Saint Consulting Group, land-use consultants with offices in Hingham. Economy Stands To Lose 83,000 Jobs By Jeff Haynes Certain sectors of the New England economy stand to lose 83,000 jobs over the next five years, largely due to the crashing housing market. |
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