Residential Real Estate
Eastern Bank Receives Top CRA Grade
Eastern Bank has received the highest possible grade for its performance under the Community Reinvestment Act.
Gridlock Limits Housing Hunt
Posh suburbs and tony neighborhoods regularly record single-family median sale prices of $1 million or more, while the median sale price in Greater Boston has hit a record $612,000.
Doomsday Predictions Over Tax Cuts Have Not Come True – Yet
What if Congress passed a massive tax bill with scary cutbacks in deductions for homeowners – prompting dire predictions of mass property-value declines – but nothing much happened?
Benoit Mizner Simon & Co. Opens Fourth Office
Benoit Mizner Simon & Co. is expanding into Sudbury.
Realtors Take to the Hill
More than 450 Realtors visited the State House last week to discuss with legislators the key issues that impact consumers, housing and the economy. Gov. Charlie Baker gave the keynote.
Homeless Youth Housing Development Receives Renovations Financing
MassDevelopment has issued a $3.448 million tax-exempt bond on behalf of Harbor Lafayette Homes Limited Partnership in Salem.
JPMorgan Sued over Mexican Property Transfer
A Mexican real estate developer has filed a $1.2 billion lawsuit accusing JPMorgan Chase & Co. of fraudulently inducing it to transfer properties based on a false promise it would sell them.
MA Single-Family Home Median Price Tops $400K for First Time in 2018
Single-family and condominium prices in Massachusetts continue to perform well.
Landlords, Property Manager Settle False Claim Allegations
Two landlords and a property manager of three Dorchester apartments resolved allegations they submitted false claims to the federal government after receiving impermissible excess rent payments from two low income tenants while participating in a federal housing subsidy program.
CCUA Backs Sen. Warren’s Pot Bill
The Cooperative Credit Union Association, which advocates for credit unions in Delaware, Massachusetts, Rhode Island and New Hampshire, has come out in support of a new bill co-sponsored by Sen. Elizabeth Warren that would remove the threat of a federal crackdown on marijuana.
Nationwide Delinquency Rates Hit 11-Year Low
A new report from real estate data analytics firm CoreLogic finds low unemployment and high home equity has contributed to low delinquency rates across the nation.
Dozens of Lawmakers Object Solar Program’s Details
Lawmakers are voicing concerns with state regulators about a potential 60 percent reduction in the value of credits available to residential customers in connection with community solar projects.
Personnel File
A range of companies are announcing changes to personnel in this week’s roundup.
Lawrence Mill Will Be Converted into Mixed-Income Housing
In its first-ever project in the city of Lawrence, Boston-based developer Trinity Financial is redeveloping the Van Brodie Mill into a 102-unit mixed-income housing complex.
Community Good Works
Align Credit Union and Mortgage Network Inc. are among the companies featured in this week’s roundup of organizations giving back to their communities.
Poll: US House Prices to Rise at Twice the Speed of Inflation and Pay
An acute shortage of affordable homes in the United States will continue over the coming year, according to a majority of property market analysts polled by Reuters, driving prices up faster than inflation and wage growth.
Nationwide Home Price Rises in April
Home prices rose both year over year and month over month in April, according to the most recent release from real estate analytics firm CoreLogic.
Massachusetts Ranks Third in Best US Economy
Massachusetts has the third best economy in the country, according to a recent WalletHub study.
NCUA Makes New Business Loan Rule Official
Following passage of the Dodd-Frank relief package, the board of the National Credit Union Administration has approved a final rule to amend its definition of a member business loan in order to comply with the new law.
Fannie, Freddie Want to Make Mortgages Easier for Gig-Economy Workers
The two biggest sources of home-mortgage money in the country – investors Fannie Mae and Freddie Mac – are quietly working on ways to make qualifying for a home purchase easier for participants in the booming “gig” economy.
