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Massachusetts Clean Energy Advocates Welcome SMART Program Release

The Massachusetts Department of Energy Resources (DOER) has announced its Solar Massachusetts Renewable Target (SMART) Program regulations, which will now go through a public comment period. Massachusetts boasts the second largest solar workforce in the country thanks to state initiatives like net metering and the SREC 2 program, and today’s announcement could be a first step in giving residents and businesses confidence in the Bay State’s continued commitment to progress.

2017 REALTORS® Legislative Meetings & Trade Expo in Washington D.C.

On behalf of current and future home and property owners throughout the country, more than 9,600 REALTORS® traveled to Washington, D.C., in mid-May to advance key real estate issues during the 2017 REALTOR® Legislative Meetings & Trade Expo.

Spring Market Blooming Despite Ongoing Inventory Shortage and High Prices

The Massachusetts Association of Realtors® (MAR) reported today that the number of closed single-family home sales were up more than two percent over March 2016, with median price also seeing a hike. This is despite the month seeing the lowest number of homes for sale since MAR began recording the data in 2004. Condominium sales and price also rose over last year.

One Charlestown and the future of public housing

The unique sound of spring in the Charlestown public housing development is a chorus of chirping birds and smoke detectors chirping for new batteries. Residents there also complain of poor ventilation and long stretches without hot water. The Boston Housing Authority has only $6 million a year to put toward a growing $750 million maintenance backlog across its entire stock of 12,623 public housing units.

Pending Sales Increases Continue from Busy Winter into the Spring Market

The Massachusetts Association of Realtors® (MAR) reported today that the spring market is off to a good start with pending sales up over six percent from this time last year. Pending sales have been up 48 of the last 49 months. Condominiums put under agreement also saw a hike over last year, with an increase of over 14 percent from 2016.

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

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

MassHousing Provides $102.7 Million in Financing for Four Affordable Housing Communities for Senior Citizens...

Senior citizens living in four affordable housing communities in Boston, Framingham, Newton and New Bedford will see the preservation of affordability and extensive property renovations as a result of $102.7 million in MassHousing financing

BHA seeks proposals to redevelop the Mary Ellen McCormack public housing development

The BHA issued a Request for Proposals (RFP) for developers to preserve and rebuild existing affordable housing at the Mary Ellen McCormack public housing development in South Boston.  The issuance of the RFP comes as BHA is seeking ways to upgrade and sustain its affordable housing communities in the wake of historic federal budget cuts.

Massachusetts Real Estate Market Starts Strong in 2017

The Massachusetts Association of Realtors® (MAR) reported today that the 2017 real estate market started strong with the most closed home sales in a January since MAR began recording the data in 2004. Continuing buyer demand pushed closed sales up more three percent over last year. Single-family median prices also saw a hike over last year. Condominium sales and median price closed up in January as well.

Housing Committee Members Announced by Mass. House & Senate Democrats

The Massachusestts House of Representatives and Senate made their legislative committee assignments this week. Rep. Kevin Honan was reappointed as House Chair of the Joint Committee on Housing. Sen. Joseph Boncore was appointed as the new Senate Chair of the Joint Committee on Housing. Other members of the Legislature assigned to the Housing Committee include

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.

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

Mayor Walsh Leads 37th Annual Homeless Census

On Wednesday night, Mayor Martin J. Walsh led a group of 400 volunteers, including City of Boston cabinet and department heads, State officials, community and civic leaders, and homeless providers in conducting the street count for the City's 37th annual homeless census. The street count is part of a larger census of homeless adults and families in emergency shelters, transitional housing and domestic violence programs

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.’

Recent

AG Healey Secures $2 Million in Restitution for 20,000 Massachusetts Homeowners...

One of the nation’s largest mortgage servicers will pay $2 million in restitution to resolve allegations that it violated state law and committed unfair and deceptive practices by charging Massachusetts homeowners for unnecessary fees and overpriced force-placed insurance policies, Attorney General Maura Healey announced today