Boylston Real Estate News
Real Estate news for Boylston, MA continually updated from thousands of sources.
Tuesday Dec 23 | via Worcester Telegram & Gazette
Home sales flat-lined and condominium sales slumped in Worcester County during November compared to the same month last year, according to new data. A total of 535 single-family homes sold during November in Worcester County, two less than sold during the same month a year ago, data released by The Warren Group showed. Comment?
Tuesday Dec 2 | via Worcester Telegram & Gazette
Worcester County continues to lead the state in foreclosures, with lenders filing 194 new actions against homeowners during October, new data show. New actions by lenders were up nearly 166 percent in October over the same month last year, according to The Warren Group, the Boston-based publisher of the trade journal Banker & Tradesman. Comment?
Nov 25, 2014 | via Worcester Telegram & Gazette
Sales of existing single-family homes in Worcester County were flat during October compared to the same month a year ago, but median prices inched up, according to new data. A total of 598 homes sold during October in Worcester County, three more compared to a year earlier, according to a report Tuesday from The Warren Group, a Boston publisher that focuses on real estate. Comment?
Nov 23, 2014 | via Worcester Telegram & Gazette
When companies announce expansion plans - with promises of new jobs and new tax revenue - there are lots of public announcements and press releases. These announcements are often accompanied by tax increment financing plans in which a community promises to forgive taxes on the value of new construction as way to encourage, reward and retain companies that are growing and expanding. Comment?
Nov 4, 2014 | via Worcester Telegram & Gazette
Lenders started 127 foreclosure actions in Worcester County during September as foreclosure activity jumped statewide, according to new data from a Boston publisher. The Warren Group said today that new foreclosure actions were up 48 percent in Worcester County over the same month last year. Comment?
Yesterday | via Patch.com
Santander Bank is under scrutiny as Massachusetts Attorney General Martha Coakley investigates the bank's records for evidence of fraudulent behavior. Coakley subpoenaed Santander Bank's U.S. auto finance company for its borrowers credit histories, the interest rates they were charged, and loan risks, according to the Boston Globe. Comment?
Friday | via WWLP
The Massachusetts attorney general's office is looking into concerns that Santander bank's auto lending business may be engaged in the type of predatory practices that, on a larger scale, led to the mortgage and financial crises. The office is make inquiries about whether Santander lent to borrowers who were unlikely to repay the money and sold those loans to Wall Street, where they were packaged into securities and resold to investors. Comment?
Tuesday Dec 23 | via Nashoba Publishing Online
While the state's development agency is still negotiating terms with an unidentified buyer, Gov. Deval Patrick's chief budget-writer estimated the sale of a Beacon Hill office building lease would bring in $90 million in state revenue. The buyer will become landlord to a variety of state agencies housed at 100 Cambridge Street, which now includes offices for the attorney general, the Department of Energy Resources and the Department of Revenue, among others. Comment?
Tuesday Dec 23 | via Lowell Sun
Home sales in Massachusetts are down 2.4 percent over the first 11 months of 2014, while the year-to-date median sale price is up 2.2 percent to $330,000, according to The Warren Group. The Banker & Tradesmen publisher reported Tuesday that November home sales were barely up over last November. Comment?
Tuesday Dec 23 | via Boston.com
The Massachusetts housing market was mostly static in November, with prices and sales numbers continuing their modest rise after months of decline. The median selling price of a Massachusetts home rose 1.6 percent compared to a year earlier, from $310,000 to $315,000, according to the Warren Group, a Boston-based real estate tracker. Comment?
7 min ago | via News Max
Just as subprime mortgage loans helped precipitate the 2008 financial crisis, will the current boom in subprime auto loans precipitate another blowout? Perhaps not, but one troublesome element of the current boom concerns auto title loans, in which the borrower gives the lender title to their car as collateral. The loans, which can carry interest rates up to 500 percent, are blowing holes in the personal balance sheets of middle-class and poor people who are borrowing, forcing them into heavy debt and often leading them to lose their cars, The New York Times reports. Comment?
9 min ago | via KCCI-TV Des Moines
What they will find are much more favorable conditions than they have seen in years, including lower down payment mortgages, looser lending standards and a bigger selection of homes to choose from. But in early December, Fannie Mae and Freddie Mac put new lending guidelines in place and started offering 3% down payment mortgages that will make it easier for more first-time buyers to qualify for a mortgage. Comment?
26 min ago | via The Orlando Sentinel
Q: I retired at 58 and took my teachers' pension fund, a small VA pension and both our Social Security earnings, allowing us a monthly income of near $5,000, of which we save $1,000. We have a mortgage, no credit card debt and normal household and auto expenses. Comment?
1 hr ago | via PeoriaTimes-Observer
The suburbs have had it rough in the last few years. The 2008-2009 economic collapse led to waves of foreclosures in suburbia, as home prices plummeted. Comment?
2 hrs ago | via Statesboro Herald
Older Americans are shifting the demographics of the labor force. According to the 2014 study A a A"Work in Retirement: Myths and MotivationsA a A by Merrill Lynch and research firm Age Wave, more than seven of 10 people approaching retirement said they want to work past average retirement age of 64, as of 2010. Comment?
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