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.
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A federal judge in Texas dismissed the Consumer Financial Protection Bureau's medical debt rule and prohibited states from passing their own laws prohibiting medical debt on credit reports.
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Dr. Mark Calabria takes on the additional role of chief statistician of the United States; retired Ally Bank executive Diane Morais has joined First Citizens Bancshares' board of directors; MainStreet Bank has promoted Alex Vari to chief financial officer; and more in this week's banking news roundup.
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While refinances are behind the latest increases, the pace of purchase activity may be a stronger indicator of where the housing market sits.
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The share of economists expecting a September rate reduction grew in the July Wolters Kluwer survey, but the October or later percentage also increased.
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Rising home prices and softening sales offer a mixed view of a market that some say is shifting to favor buyers.
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The notes are backed by home improvement installment loans originated by approved dealers in Foundation Finance Company's network.
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