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RealEstateRama

Massachusetts RealEstateRama is an Internet based Real Estate News and Press Release distributor chanel of RealEstateRama for Massachusetts Real Estate publishing community.

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Buyer Demand Keeps Pending Sales Strong in January

The Massachusetts Association of Realtors® (MAR) reported today that ongoing buyer demand pushed pending home sales up in January more than 10 percent compared to the same time last year. Realtors® confidence both in the market and in home prices was positive in January. This month’s “Hot Topic” question finds that the majority of Realtors® in Massachusetts are not yet using 3-D, virtual or augmented reality technology in marketing homes. However, a significant portion (35 percent) have tried the technology on some of their listings, indicating that this is a burgeoning trend among agents

Realtor® Study Finds Share of First-Time Home Buyers in Massachusetts Drops to Record Low...

First-time homebuyers are finding it increasingly difficult to locate a home in Massachusetts as home prices and low inventory have significantly increased competition in the market according to the 2016 Massachusetts Profile of Home Buyers and Sellers. The study found that the share of first-time homebuyers dropped to a low of 35 percent, which is the lowest share of first-time buyers since the Profile began collecting Massachusetts data in 2003.

Markey, Kennedy Statement on the Results of New England Electricity Capacity Auction #11

Senator Edward J. Markey (D-Mass.) and Congressman Joseph P. Kennedy III (MA-04) responded to the results of Independent System Operator - New England’s (ISO-NE) eleventh Forward Capacity Auction (FCA 11) for electricity generating capacity in the region in the coming years. While the total cost to consumers of this most recent auction has dropped to $2.4 billion, down from roughly $3 billion for last year’s auction, these prices remain significantly higher than the roughly $1 billion total value of the auctions a few years ago

Framingham Public Works’ James Barsanti Appointed President of New England Water Environment Association

New England Water Environment Association (NEWEA) appointed Town of Framingham Public Works Assistant Director-Engineering Water and Wastewater, James Barsanti as President during their Annual Conference and Exhibit at the Boston Marriott Copley Place Hotel on January 25, 2017. Barsanti has 31 years of experience in the water and wastewater field and recently served as president-elect of NEWEA. NEWEA’s mission is to promote education and collaboration and offers members a wide range of resources including education, training, leadership skills and technical journals for wastewater professionals

Informational Statement Regarding Construction and Blasting Operations at RCS Learning Center

On June 2, 2016, the Planning Board granted a decision for the construction of the RCS Learning Center located at 82 Edmands Road. The decision regulates the hours of construction and development related activities for the project. Pursuant to condition 12, the RCS Learning Center and its contractors are required to abide by the following hours of construction:

Essex Towers in Lawrence Will Continue as Affordable Housing for Seniors

Senior citizens living at the 198-unit Essex Towers in the Gateway City of Lawrence will have affordable rents extended through 2036 and see some moderate property improvements as a result of $15.8 million in MassHousing financing

MassHousing Awards $385,000 for Affordable Sober Housing and Support Services for Those in Recovery...

“These CCRI grants are helping dedicated nonprofit organizations across Massachusetts provide the housing and services these individuals and families require to become successful in beating addiction and leading stable, productive lives.’

Senator Markey Legislation Would Ensure Consumers Have a Say in Energy Prices

As New England prepares for an upcoming energy auction that will impact future energy prices, Senator Edward J. Markey (D-Mass.) reintroduced the Fair Ratepayer, Accountability, Transparency and Efficiency Standards (RATES) Act. The legislation would ensure that consumers can protest any energy rate change filed with the Federal Energy Regulatory Commission (FERC). The general public has an avenue to protest a rate change filed with FERC through the Federal Power Act (FPA), which allows new rate changes to take effect if FERC approves them or fails to issue an order either approving or denying filed rates.

Massachusetts Home Sales Flat in December After a Strong Year

The Massachusetts Association of Realtors® (MAR) reported today that 2016 closed out in December with single-family home sales essentially at the same pace as last year. Eleven of the 12 months of the year saw an increase in home sales over 2015. Median prices were also up for 10 straight months as home values reached new highs. Condominium sales were down in December, after a year of mostly increases. Overall, 2016 was a positive year for home sales in Massachusetts as both year-end single-family and condominium sales and median prices were up over 2015.

Governor Wolf Discusses Efforts to Reduce Veterans’ Homelessness, Expand Resources Available to Veterans at...

Governor Wolf attended the VFW’s 53rd Annual Mid-Winter Conference in Pittsburgh. The governor discussed issues faced by veterans in our communities, progress in veterans’ services, and thanked the VFW for working to ensure that veterans across the Commonwealth are getting the support they deserve.

Under New Leadership, MassHousing Has Breakout Year in 2016 with Record Lending, Three Bond...

Under new leadership, 2016 was a year of multiple successes for MassHousing. The state’s affordable housing bank had its best lending total in its history; received three bond rating upgrades from Standard & Poor’s and Moody’s; and created the first-in-the-nation statewide loan program to spur the new production of housing that is more affordable to middleincome renters.

Senators Host Forum with Mnuchin Bank OneWest Foreclosure Victims

United States Senator Elizabeth Warren (D-Mass.) and her colleagues, including Debbie Stabenow (D-Mich.), Patty Murray (D-Wash.), Dick Durbin (D-Ill.), Bob Menendez (D-N.J.), Jeff Merkley (D-Ore.), Richard Blumenthal (D-Conn.), Mazie Hirono (D-Hawaii), Chris Van Hollen (D-Md.), and Catherine Cortez Masto (D-Nev.), hosted a forum with Americans from across the country who were victimized by Department of Treasury nominee Steven Mnuchin.

Sen. Warren Questions HUD Secretary-Designate’s Priorities for the Agency

U.S. Senator Elizabeth Warren (D-Mass.) today sent a letter to the U.S. Department of Housing and Urban Development (HUD) Secretary-Designate, Dr. Ben Carson, raising questions about Carson's experience and priorities for the agency. This letter comes in advance of Dr. Carson's appearance before the Senate Committee on Banking, Housing, and Urban Affairs on Thursday

Pending Home Sales and Market Confidence in Massachusetts Housing Market both up in December...

The Massachusetts Association of Realtors® (MAR) reported today that holiday cheer wasn’t the only thing in abundance in December as both the number of homes put under agreement and prices were up in the final month of the year. This was also true for condominiums put under agreement. This trend was mirrored in the year-end totals for 2016 compared to 2015. Realtors’® confidence in the market was positive again in December as their confidence in prices was down slightly.

Baker-Polito Administration Awards $17.8 Million for Elderly Public Housing Rehabilitation

The Baker-Polito Administration announced $17.8 million in grant funding to four local housing authorities, to preserve and modernize affordable public housing units for elderly and disabled residents. The funding is being awarded from the Department of Housing and Community Development’s Modernizing Public Housing and Supporting Elders (ModPHASE) Program, in collaboration with the Executive Office of Elder Affairs

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Housing downturn isn’t just hard on sellers

For local real estate agents, it's survival of the fittest Part of the allure of the real estate market is the ability to make a...

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Pending Sales Maintain Steady Year-Over-Year Increases for Almost Four Years This...

The Massachusetts Association of Realtors® (MAR) reported today that ongoing buyer demand pushed pending sales up three percent over last year. Pending sales have been up 47 of the last 48 months, marking almost four years of positive gains in single family homes put under agreement. Realtors® confidence both in the market and in home prices was positive in February. This month’s “Hot Topic” question finds that the conversation of "tiny" houses has never come up between the majority of Realtors® and their clients