Residential Real Estate
Half of Mass. Residents Fear MBTA Cuts Are Permanent
By State House News Service | Dec 3, 2020 | ReprintsA majority of Massachusetts residents believe that if the MBTA sharply cuts back on services to balance its budget next year those commuting options will not return after the state’s economy fully reopens, according to a new MassINC poll.
Biden, Top Democrats Swing Behind Bipartisan Virus Aid Bill
By The Associated Press | Dec 3, 2020 | ReprintsPresident-elect Joe Biden swung behind a bipartisan COVID-19 relief effort Wednesday and his top Capitol Hill allies cut their demands for a $2 trillion-plus measure by more than half in hopes of breaking a months-long logjam on the issue.
Latest Fed Beige Book Reflects Uneven, Plodding New England Economy
By State House News Service | Dec 3, 2020 | ReprintsThe regional economy continued its plodding recovery during October and into November but persistent uncertainty fogs a cautiously optimistic outlook for the coming months.
Realtor.com Predicts Strong Sales, Price Growth for 2020
Dec 2, 2020 | Reprints | Unlock Link
Massachusetts homebuyers will continue to face price escalation, Realtor.com predicts.
No Further Virus Closures or Restrictions Planned, Guv Says
By State House News Service | Dec 2, 2020 | ReprintsWith a second surge of COVID-19 transmission still underway as the holiday season begins, Gov. Charlie Baker brushed away “rumor-mongering” that the state will soon tighten restrictions but flagged clusters in houses of worship as a growing concern.
McConnell Rejects $908B Bipartisan Stimulus Proposal
By The Associated Press | Dec 2, 2020 | ReprintsTop Senate Republican Mitch McConnell said he’s largely sticking with a partisan, scaled-back COVID-19 relief bill that has already failed twice this fall, even as Democratic leaders and a bipartisan group of moderates offered concessions in hopes of passing pandemic aid before Congress adjourns for the year.
Could Home Sales Beat 2019’s Tally?
Nov 29, 2020 | ReprintsEven without noting that Massachusetts is in the middle of the worst pandemic in 100 years, the pace of home sales has been nothing short of remarkable. Could it be possible that home sales will beat last year’s tallies?
Hot Marketing Campaigns for Today’s Market
By Bernice Ross | Special To Banker & Tradesman | Nov 29, 2020 | Reprints | Unlock LinkAs we head into the end of 2020 and plan for 2021, where can you market your business to obtain the highest return for your time and money?
Many Still Not Aware of Forbearance Options
By Lew Sichelman | Special to Banker & Tradesman | Nov 29, 2020 | ReprintsDespite lifelines thrown their way by Congress, the Urban Institute counts roughly 400,000 homeowners who are delinquent on their mortgages, but who have failed to take advantage of any payment forbearance programs.
MAR Launches Mediation Scholarship Program
By Kurt Thompson | Special to Banker & Tradesman | Nov 26, 2020 | Reprints | Unlock LinkInspired by the work of Attorney General Maura Healey’s office offering mediation of housing disputes during the pandemic, MAR has worked to develop ways to offer the services of trained Realtor mediators to assist in these efforts.
151 Apartments Sought in Expansion of JP Commercial Building
By Steve Adams | Banker & Tradesman Staff | Nov 25, 2020 | Reprints | Unlock LinkA Jamaica Plain restaurant supplier’s property is the latest potential proving ground for Boston’s compact living program.
CoStar Buys Real Estate Software Platform Homesnap
Nov 24, 2020 | Reprints | Unlock LinkCommercial real estate listings and data giant CoStar waded into the residential real estate space Monday, announcing a $250 million deal to acquire Homesnap.
Incoming President Apologizes for NAR’s Past Contributions to Racial Inequality
Nov 23, 2020 | ReprintsOne of the first official actions Charlie Oppler took as the 2021 president of the National Association of Realtors was to issue a formal apology for the group’s contributions to racial segregation and inequality.
Two Housing Subsectors Set to Strengthen
By Lew Sichelman | Special to Banker & Tradesman | Nov 22, 2020 | ReprintsTwo relatively small housing submarkets are starting to show signs of strengthening. One of those markets: renters looking for more space, both inside and out. The other: people looking to get away from it all, if only for a few weeks.
Congress’ Inaction Threatens the Economy
Nov 22, 2020 | ReprintsA specter is haunting America. It’s not the animating spirit of a certain German’s fever dreams, but one that still sends chills down the spine of many of the nation’s top capitalists: a lack of government economic aid.
Could Rental Concessions Draw Gen Z Tenants?
Nov 20, 2020 | Reprints | Unlock LinkBoston-area landlords are continuing to ramp up concessions in an effort to lure more tenants, but a new nationwide study from Zillow suggests that the sweeteners and discounts could be luring Gen Z renters.
DOJ, NAR Settle Lawsuit Over Antitrust Allegations
Nov 20, 2020 | Reprints | Unlock LinkProsecutors and the National Association of Realtors have reached a settlement in a civil lawsuit filed yesterday that claims several NAR policies aimed at bolstering multiple-listings services against online competition violate federal antitrust laws.
New MA Jobless Claims At Highest Level Since June
By State House News Service | Nov 20, 2020 | Reprints | Unlock LinkConfirmed COVID-19 cases are not the only pandemic-era numbers on the rise again: total new unemployment claims in Massachusetts last week reached the highest level in more than five months.
Pandemic, Segregation Show Need for National Housing Agenda, Harvard Researchers Say
Nov 19, 2020 | Reprints | Unlock LinkThe economic problems caused by the COVID-19 pandemic and social unrest sparked by racial injustice shows the need for national politicians to take housing issues seriously, a new report by prominent Harvard University housing scholars says.
NAR’s Yun Predicts Big Home Sales Jump in 2021
Nov 18, 2020 | Reprints | Unlock LinkThe chief economist at the National Association of Realtors is predicting the number of existing homes sold in America 2020 will be higher than last year. But, he said, an even busier housing market is ahead for 2021.
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