FHA to seek a taxpayer bailout?
Last week, the Federal Housing Administration made headlines when it ended September with $16.3 billion in projected losses. Now some officials are speculating that the Administration will need a...
View ArticleSales of single-family homes in Massachusetts up 21%
Good news for the Massachusetts housing market—sales of single-family homes increase by an astonishing 21% in October compared to last year’s figures. Furthermore, the Massachusetts Association of...
View ArticleLow home inventory drives prices, construction in Massachusetts
Following the housing bubble, construction of new homes declined sharply. The effects of low home inventories were felt in 2012 and will continue throughout 2013. The MLS Property Information Network...
View ArticleHousing market takes a dip in January; forecast for 2013 remain strong
Construction of homes in the U.S. took a slight dip in January, however, still remains high relative to 2008. The Commerce Department says that construction declined from the 8.5% peak seen this past...
View ArticleForeclosure rate down in the Bay State
Foreclosure activity in the state of Massachusetts continued to fall this quarter—signaling further economic recovery for the Bay State. The number of foreclosures in Massachusetts has remained under...
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Retail Sales show improvement in April
After an alarming decline of 0.5% in March, retail spending has shown minor improvement in April, as sales showed a positive increase of 0.1% to $419 billion. In spite of this improvement, the...
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Record 1st Quarter for Condo Market
If you’re looking to purchase a luxury condominium in the heart of Boston, chances are you’re not alone. The median price of a downtown condominium in Boston has reached an all-time high for the first...
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China ramps up Investment into US Real Estate
With things looking shaky on the home front, Chinese investors have decided to try their hand in American real estate. Wealthy Chinese are pouring money into commercial and residential properties...
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Healthier Economy Brings Better Business Opportunities
ABG Commercial Real Estate Forecast The Business Monitor International upgraded their 2014 real GDP growth forecast from 2.7% to 2.8% with growth set to average 2.4% per year from 2013-2018. Our...
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Green Line Extension, Bitter or Sweet?
President Obama released the budget of $100 million in federal fiscal year 2015 supporting the MBTA (Massachusetts Bay Transportation Authority) Green Line Extension project (GLX) which benefits the...
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