Three counties in western Massachusetts recorded the largest median sales price gains in the state for condominiums and single-family homes through November, according to The Warren Group, a Boston-based publisher of real estate and financial data.Franklin, Hampden, and Hampshire counties placed first, second, and third for condos, with median price rises of 28.87%, 18.95%, and 18.24%, respectively, the company reported. For single-family homes, Hampden ranked third, with a 13.33% rise, Hampshire was fourth, with 10.89%, and Franklin finished fifth, with 10.27%. "Clearly these numbers show that the housing prices in western Massachusetts have benefited from the high-priced Boston and eastern market," said Alan Pasnik, a data analyst for The Warren Group. "As people move out west to find better housing deals, the market prices have heated up." The company can be found online at http://www.thewarrengroup.com.
-
The new Financial Stability Oversight Council report also recommends an expanded Ginnie Mae PTAP facility and an industry-funded liquidity resource.
3h ago -
The publicly traded title holding companies all had stronger earnings as the mortgage market improved from one year prior.
4h ago -
One in every 37 residential properties nationwide had a loan-to-value ratio of 125% or greater to begin the year, according to a new report.
5h ago -
There's temporary leeway on formal compliance with replacement-cost value requirements in order to sort out insurer concerns with a recent re-emphasis on them.
5h ago -
Max Levchin, CEO of the buy now/pay later lender, said recent tests show young adults prefer interacting with intelligent chatbots over phone-based agents, but the company doesn't foresee major cost savings from generative AI for a few more years.
7h ago -
Test your knowledge of the biggest mortgage headlines of the week. No. 2 pencil not required!
May 10