House Passes Expiring Use Bill Unanimously – October 28, 2009
Click here to view the bill.
Click here to view a section by section summary of the expiring use bill.
Click here to read CHAPA press release.
Land Court Judge Reaffirms Wide-Ranging MA Foreclosure Decision (Banker and Tradesman) – October 14, 2009
Thousands of foreclosed homes continue to have clouded titles after Judge Keith Long of the Massachusetts Land Court reaffirmed his March decision stating lenders without properly accorded assignments cannot foreclose.
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Massachusetts Home Sales Jump 12% in July (Banker & Tradesman) – August 25, 2009
Bucking a six-month trend of falling home sales, Bay State home sales shot up nearly 12 percent in July year-over-year while the decline in median home prices narrowed, The Warren Group reported today.
“This is a much-needed boost for the state’s housing market,” said Timothy M. Warren Jr., CEO of The Warren Group, publisher of Banker & Tradesman. “We haven’t had a double-digit gain in monthly home sales since last October. And the declines in home prices have been getting smaller every month.”
Warren said low interest rates, reduced prices, the first-time homebuyer tax credit and improved consumer confidence helped fuel buyer interest in late spring which led to an increase in closed sales in July.
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MA Foreclosures Drop 30% Compared to 2008 (Banker & Tradesman) – October 20, 2009
Lenders started and completed more foreclosures in Massachusetts during the third quarter than the previous quarter, but foreclosures have declined almost 30 percent year-over-year, according to a new report by The Warren Group.
A total of 2,048 foreclosure deeds were recorded from July through September, a 3.9 percent increase from the 1,971 in the second quarter. But foreclosures dropped 29.4 percent from 2,903 in the third quarter of 2008. There were 702 foreclosures in September up 6.7 percent from 658 in August and down 12.1 percent from 799 in September 2008. Year-to-date foreclosure deeds fell 29.5 percent to 6,778 from 9,610 the prior year.
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New Census Data Show Incomes Remained Flat in MA (MBPC) – September 23, 2009
Today, the U.S. Census Bureau released its annual update of state-level data on household income from the American Community Survey (ACS). This data shows no statistically significant change in median household income –- a common barometer of how the typical household is faring –- in Massachusetts between 2007 and 2008. Please click here for more details.
August Home Sales in MA Up 2% (Banker & Tradesman) – September 29, 2009
Massachusetts home sales rose for the second consecutive month, climbing 2 percent in August year-over-year, but condominium sales continued to slump, according to a new report from The Warren Group.
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