Sales of single-family homes and condominiums in Massachusetts increased by double-digit percentages in October year-over-year, according to a new report by The Warren Group, publisher of Banker & Tradesman. It was the fourth consecutive month that single-family home sales climbed and the second straight month of increases for condo sales.
But while sales volume rose, median prices for both single-family homes and condominiums statewide slipped from year-ago levels.
Housing News
June 21, 2011
BOSTON - Monday, November 23, 2009 - Building on his commitment to civic engagement and governing for the long-term, Governor Patrick and senior administration officials will host 19 Budget Hearings and Forums across the Commonwealth over the next five weeks to ensure that citizens across the state have input in developing the Governor’s budget recommendations. Secretary Ian Bowles of the Executive Office of Energy and Environmental Affairs will kick-off the first in the series today at 3:30 p.m.
June 21, 2011
NEW YORK -- A new wave of foreclosures stands to hurt people who may have never taken out a mortgage: renters. In cities such as New York, Chicago and Los Angeles, where many investors are carrying upside-down mortgages on large rental buildings, some tenants are watching their homes fall apart along with the financing.
Please click here to read the full article.
June 21, 2011
State Updates
Legislature Enacts Affordable Housing Preservation Bill; Fixes State Low Income Housing Tax Credit Technical Glitch
June 21, 2011
Please click here for text of the Bill.
Please click here for CHAPA's summary of the Bill.
June 21, 2011
Foreclosures in Massachusetts rose nearly 30 percent in October from the previous month, but 85 fewer foreclosures were recorded compared to the same month last year, according to the latest report by The Warren Group, publisher of Banker & Tradesman. At the same time, the number of foreclosures initiated in October dropped 9 percent from September but climbed 11 percent from a year earlier.
Please click here for the full article.
June 21, 2011
On November 10, 2009, Senate Banking Committee Chairman Chris Dodd and fellow Banking Committee members unveiled a tough, bold bill to reform the way that our financial system is regulated. The full press release can be read here.
June 21, 2011
Washington, DC – U.S. Department of Housing and Urban Development (HUD) Secretary Shaun Donovan and Federal Housing Administration (FHA) Commissioner David H. Stevens today briefed members of the media, industry leaders and congressional Members on the FHA’s financial outlook, in coordination with the agency’s release of its annual independent actuarial study.
June 21, 2011
WASHINGTON — The Obama administration on Friday rejected a proposal by Goldman Sachs to buy as much as $1 billion in tax credits from Fannie Mae, saying the deal would have amounted to a net loss for taxpayers.
June 21, 2011
BOSTON – Tuesday, November 10, 2009 – Governor Deval Patrick announced today that he has appointed Ron Homer, a business and civic leader with 39 years of financial services experience and current member of the Massachusetts Housing Finance Board (MassHousing), to chair the MassHousing board. The Governor also called on MassHousing to focus its attention on the following key areas: affordable housing preservation, workforce housing creation and bond financing for state public housing.