by iwd Tina | Jun 21, 2011 | Housing News
The Massachusetts Department of Housing and Community Development (DHCD) has elected to schedule public hearing to solicit comments on the 2010 Qualified Allocation Plan (QAP) for the Low Income Housing Tax Credit (LIHTC). The hearing will be held at 10:00a.m. on December 22, 2009, in second floor conference rooms 2C & 2D, 100 Cambridge Street, Boston, MA, 02114.
Please click here for the full memo announcing the hearing.
Click here to read the draft of the QAP.
by iwd Tina | Jun 21, 2011 | Housing News
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.
Please click here for the full article.
by iwd Tina | Jun 21, 2011 | Housing News
The number of foreclosures initiated in Massachusetts during the month of November fell below 2,000 for the first time since January, according to a new report by The Warren Group, publisher of Banker & Tradesman. Still, petitions to foreclose, which mark the start of the foreclosure process, remain at a relatively high level and were 45 percent higher than last November.
Please click here for the full article.
by iwd Tina | Jun 21, 2011 | Housing News
Please click here to read Senator Brown’s letter.
by iwd Tina | Jun 21, 2011 | Housing News
MHP Foreclosure Monitor: How 2nd wave may impact economic recovery
In-depth look at data shows size of shadow inventory, possible trouble spots
By Tim H. Davis, Feb. 28, 2010
Despite reports that the real estate market is rebounding, local and national real estate watchers worry that bank-owned homes and homes on the brink of foreclosure will flood the market, slowing the recovery. Mortgage researcher First American CoreLogic estimates that this so-called “shadow inventory” has risen nationally to 1.7 million as of September, 2009, up from 1.1 million the year before.
This month’s Foreclosure Monitor attempts to estimate the potential impact on Massachusetts by analyzing properties that comprise this shadow inventory:
· Delinquencies: the owner is late on the mortgage, but not in foreclosure
· Petitions: one has been filed but the foreclosure has not been resolved
· Bank-owned: A real-estate owned property (REO) that’s not on the market.
For more details at MHP’s website, please click the above link.
