Residential Real Estate
NAR Votes to Cracks Down on Pocket Listings
By James Sanna | Nov 13, 2019 | Reprints | Unlock Link
The National Association of Realtors’ board on Tuesday voted on a measure intended to crack down on the practice of “pocket listings,” where a real estate agent declines to list a sale on a multiple listings service, and instead markets the sale within a separate, informal network of brokers or others.
Fed’s Powell Sees Steady Growth, Signals Pause in Rate Cuts
By The Associated Press | Nov 13, 2019 | ReprintsFed Chairman Jerome Powell said the Fed is likely to keep its benchmark short-term interest rate unchanged in the coming months, unless the economy slows enough to cause policymakers to make a “material reassessment” of their outlook.
Employer Confidence on Upswing in October
By State House News Service | Nov 12, 2019 | Reprints | Unlock LinkConfidence among employers in Massachusetts continued its up-and-down trajectory in October, when the business community felt more optimistic about things.
Transit-Oriented Development Proposed Near Newburyport Station
By Steve Adams | Banker & Tradesman Staff | Nov 11, 2019 | Reprints | Unlock LinkA North Andover developer is kicking off permitting for a 84-unit apartment complex steps from the MBTA’s Newburyport commuter rail station.
Affordable and Workforce Housing Coming to Outer Cape
By Steve Adams | Banker & Tradesman Staff | Nov 11, 2019 | Reprints | Unlock LinkA Philadelphia multifamily developer has begun leasing 65 units of affordable and workforce housing on Cape Cod in a project that received Community Preservation Act and MassHousing financing.
State Climate Change Bill Expected in 2020, Will Cover Buildings
By State House News Service | Nov 11, 2019 | Reprints | Unlock LinkSenate leaders say a “major” bill that addresses clean energy, clean vehicles and buildings will “probably” come before the state Senate in January of next year.
Investigation: 39 ‘High Hazard’ Dams Threaten Downstream Homes, Business
By The Associated Press | Nov 11, 2019 | Reprints | Unlock LinkA two-year investigation by the Associated Press has found 39 high hazard dams statewide that are in poor or unsatisfactory condition. In many cases, if the dams break, many living and working downstream would be at risk.
Personnel File
Nov 11, 2019 | Reprints | Unlock LinkMembers of the banking and real estate industries were on the move in recent weeks. See who’s been hired and promoted in this week’s Personnel File.
One Simple Change Could Fix the Housing Crisis
Nov 10, 2019 | ReprintsIf the areas immediately surrounding Eastern Massachusetts’ commuter rail and subway stations were densified only slightly, we could solve the state’s housing crisis nearly twice over.
Business Coalition Shows Widespread Support for New Transportation Revenue
By Rick Dimino | Special To Banker & Tradesman | Nov 10, 2019 | Reprints | Unlock LinkA consensus is emerging: More revenue is needed to improve our infrastructure, but also should be designed to influence behavior with an overarching goal of getting cars off the road and increasing the use of public transit.
Accessory Units Gain Traction Nationwide
By Lew Sichelman | Special to Banker & Tradesman | Nov 10, 2019 | ReprintsToday, proponents of accessory units believe they will help ease housing shortages by expanding the options for people of all ages. Now, many communities throughout the country have been relaxing their restrictions against ADUs, or outright encouraging them.
We Need Bold Leadership to Face Our Housing Crisis
By Molly Goodman, Beyazmin Jimenez and Jacob Oppenheim | Special to Banker & Tradesman | Nov 10, 2019 | ReprintsIt’s not clear that Boston’s leadership has yet to take into account how much of our city is at stake if we do not make bold changes in housing policy, now.
Tool in Development to Plug Rental Information Gap
By State House News Service | Nov 8, 2019 | Reprints | Unlock LinkState officials and nonprofit housing organizations plan to develop a second-in-the-nation online tool over the coming year to make every affordable rental unit listing available on a single platform, and give property managers a simple way to manage their listings online.
Community Good Works
Nov 8, 2019 | Reprints | Unlock LinkFrom banking to the building trades, many gave back to the community this week. See who did what!
Hub on Causeway Completes Latest Phase
Nov 7, 2019 | Reprints | Unlock LinkAs construction continues on its signature 31-story office tower, developers commemorated the completion of The Hub on Causeway’s second phase including a boutique hotel, supermarket, apartment tower and new fan amenities at the TD Garden.
With Development on the Ballot, Voters Offered Split Decision
By James Sanna | Nov 6, 2019 | Reprints | Unlock LinkMunicipal elections across Greater Boston yesterday served as de facto forums on development, among other issues, and voters rewarded both pro- and anti-development candidates.
Tech Giants Pledge Billions to Housing Construction in CA
By The Associated Press | Nov 5, 2019 | Reprints | Unlock LinkThe sum from Apple eclipses $1 billion pledges by fellow Silicon Valley giants Google and Facebook for addressing the lack of affordable housing in a region where affluent tech workers have helped drive up the cost of homes.
MBTA Board Backs Commuter Rail Transformation
By State House News Service | Nov 4, 2019 | ReprintsThe MBTA’s board on Monday voted to back substantial investment in the commuter rail system, outlining support for electrifying the system and running more frequent service through the most dense corridors.
Developer Proposes 591-Unit Apartment Project in Everett
By Steve Adams | Banker & Tradesman Staff | Nov 4, 2019 | Reprints | Unlock LinkA 4.7-acre vacant industrial parcel located in a federal Opportunity Zone in Everett is envisioned for a 591-unit apartment complex, the largest residential development in the city’s history.
Congressmembers Seek $4M to Study Crumbling Foundations
By The Associated Press | Nov 4, 2019 | Reprints | Unlock LinkRep. Richard Neal, D-Springfield, joined members of Connecticut’s congressional delegation in seeking $4 million to be set aside so an iron sulfide that has caused homeowners’ foundations in both states to crumble can be researched.
