Laws & Taxes

Laws & Taxes

Jump in New Listings a Positive Sign as Massachusetts Home Sales Down Again in...

WALTHAM, MA - May 29, 2013 - (RealEstateRama) -- The Massachusetts Association of REALTORS® (MAR) reported today that the lack of homes for sale over the past several months once again pushed the number of closed home sales down in April. However, a big jump in the number of new listings on the market in April could indicate a positive shift in future closed sales. Median home prices went up for the seventh straight month. Both sales and median prices of condominiums were up again

MassHousing Announces $18 Million in Loan Closings for Affordable Housing in Worcester

BOSTON, MA - April 8, 2013 - (RealEstateRama) -- MassHousing announced $18 million in loan closings today for the Voke Lofts in Worcester, which will transform the vacant former Worcester Vocational and Technical School into 84 units of mixed-income housing

Boston Area Landlord to Pay $75,000 and Delead Units to Resolve Fair Housing Lawsuit

BOSTON - February 28, 2013 - (RealEstateRama) -- A Boston area property owner has agreed to pay $75,000 and delead his rental units, resolving allegations that he engaged in a pattern of unlawful and retaliatory practices against tenants with young children in order to avoid his obligation to comply with state lead paint laws, Attorney General Martha Coakley announced today

Bipartisan Group of Lawmakers Call on Obama to Increase Home Energy Assistance Funding in...

Washington, DC - January 31, 2012 - (RealEstateRama) -- Congressman Edward J. Markey, Congressman John Tierney, and a bipartisan group of more than 100 lawmakers sent a letter urging President Barack Obama to fund the Low Income Home Energy Assistance Program (LIHEAP) at the FY2011 level of $4.7 billion. Funding for LIHEAP in FY2012 was cut by 24 percent, to $3.47 billion.

Mayor Domenic J. Sarno Recommends Fiscal Year 2012 Property Tax Rates to Springfield City...

December 14, 2011 - (RealEstateRama) -- Mayor Domenic J. Sarno announced today a recommendation of Fiscal Year 2012 property tax rates for consideration by the Springfield City Council at a meeting Scheduled for Friday, December 16, 2011. The rates would be $19.99 for residential and $39.53 for commercial, industrial, and personal property (CIP) (per $1,000 valuation). This recommendation has been developed in consultation with Chief Administrative and Financial Officer Lee Erdmann and Chairman of the City’s Board of Assessors Richard Allen

Property values down, property taxes up, how can this be?

May 23, 2011 - (RealEstateRama) -- It's one of the most vexing -- yet explainable -- questions homeowners/property taxpayers face: How can it be that my home's value has gone down but my property tax bill has gone up?

April Pending Home Sales in Massachusetts Up From March for Third Straight Month-to-Month Gain

WALTHAM, MA - May 3, 2011 - (RealEstateRama) -- The Massachusetts Association of REALTORS® (MAR) reported today that the number of single-family homes and condominiums put under agreement in April went up for the third straight time compared to the month before. On an annual basis, both single-family and condominium pending sales were down from the same time last year, which was the final month for people to put a home under agreement to take advantage of the home buyer tax credit in 2010

Building Office Space for 6 Affinity Bars at Boston Bar Association (BBA)

August 4, 2010 - (RealEstateRama) -- "The new space will provide the Asian American Lawyers Association (AALAM) with a place to call home. Equally important, it will go a long way toward fostering ever closer relationships between AALAM, other affinity bar organizations, and the BBA for the benefit of the members that we serve.

Nearly 4,000 Home Buyers in Massachusetts Could Miss Out if Tax Credit Closing Deadline...

WALTHAM, MA - June 29, 2010 - (RealEstateRama) -- Up to 3,930* Massachusetts home buyers will lose their tax credit through no fault of their own if Congress fails to pass an extension to the home buyer tax credit closing deadline of June 30. The National Association of REALTORS® (NAR) also estimates that up to 180,000 home buyers across the country would lose out on the tax credit

Pending Homes Sales Down in May after Tax Credit Deadline Passes

WALTHAM, MA - June 2, 2010 - (RealEstateRama) -- The Massachusetts Association of REALTORS® (MAR) reported today that the number of single-family homes put under agreement in May were down 3.0 percent over the same time last year, while condominiums were down 6.0 percent. May is the first month since July 2009 that the number of both single-family homes and condominiums put under agreement has decreased compared to the year before.


WASHINGTON, D.C. - March 1, 2010 - (RealEstateRama) --Representative Edward J. Markey (D-Mass.), a longtime champion of providing assistance to low-income families to heat their homes, today began an effort to request full funding for this critical program for the next fiscal year. Markey joined with other key lawmakers to circulate a letter to all 435 House Members seeking signatures on a joint letter to the Labor, Health and Human Services and Education Appropriations Subcommittee, urging that at least $5.1 billion be provided to support the Low-Income Home Energy Assistance Program (LIHEAP) program in 2011, as well as nearly $600 million in additional emergency funds for 2011.“

Massachusetts Association of REALTORS Introduces Monthly REALTOR Market Index to Provide ‘On the Street’...

WALTHAM, MA - February 16, 2010 - (RealEstateRama) -- The Massachusetts Association of REALTORS® (MAR) today announced that members reported solid improvement in market conditions over January 2009 according to results of its new Massachusetts REALTOR® Market Index (RMI). The monthly Massachusetts RMI quantifies the opinions of members who are working with buyers and sellers each day in the Massachusetts real estate market.

Massachusetts Home Sales up a Record 63 Percent in November as Buyers Took Advantage...

Homes put under agreement in November up for the sixth straight month. WALTHAM, MA - December 22, 2009 - (RealEstateRama) -- The Massachusetts Association of REALTORS® (MAR) reported today that single-family home sales were up a record 63.1 percent compared to November 2008, as buyers expected the first-time homebuyer tax credit to expire at the end of the month (instead it was extended to April 2010). Condominium sales also hit record levels going up 76.2 percent compared to the year before. Median prices were up 0.7 percent compared to last year, while condominium median prices were essentially flat going down only 0.4 percent. November pending sales (homes put under agreement) were up 15 percent from the same time last year. Pending sales have now gone up for six straight months

Mayor Menino Expects Fewer New Property Tax Liens Despite Tough Economy

December 4, 2009 - (RealEstateRama) -- Today, Mayor Thomas M. Menino announced that the number of new property tax liens expected to be filed for Fiscal Year 2009 is 18 percent less than FY 2008. The value of these new liens represents only half a percentage point of the total FY 2009 tax levy of $1.4 billion

Massachusetts Home Sales up Over 17 Percent in October as Buyers Took Advantage of...

WALTHAM, MA - November 24, 2009 - (RealEstateRama) -- The Massachusetts Association of REALTORS® (MAR) reported today that single-family home sales were up over 17 percent compared to October 2008 as buyers made sure to take advantage of the first-time homebuyer before it was set to expire. Condominium sales also were up 17 percent. Median prices were down 2.6 percent compared to last year, while condominium median prices were down 4.0 percent. October pending sales (homes put under agreement) were up 27 percent from the same time last year. This is the fifth straight month of increases.


What the heck is a condotel?

Have you ever dreamed of living in a hotel? Just imagine: You'd have housekeepers, valet drivers, room service and more -- all there to...


Leominster Realtor® Installed as Treasurer of the Massachusetts Association of Realtors®

Kurt Thompson, Templeton resident and Realtor® with Keller Williams Realty - North Central in Leominster, was installed on December 7, 2017 as Treasurer of the 24,000-member Massachusetts Association of Realtors® (MAR) for 2018. The event took place at Hotel 1620 in Plymouth, Mass. and included the installation of the MAR Board of Directors and Executive Committee. Thompson’s term officially begins on January 1, 2018.