Expect Shortages and Higher Retail Prices if Dockworker Strike …
WEB4 hours ago — Photo courtesy of Massport. U.S. ports from Maine to Texas shut down Tuesday when the union representing about 45,000 dockworkers went on strike for the first time since 1977. A lengthy shutdown could raise prices on goods around the country and potentially cause shortages and price increases at …
Massachusetts Real Estate & Financial News | Banker & Tradesman
WEBThe two sides warring over Boston Mayor Michelle Wu’s property tax shift proposal huddled in Senate President Karen Spilka’s office Thursday afternoon, but emerged with no sign of an agreement. Catch up on award-winning news and insights for the Massachusetts banking, commercial, industrial, and real estate industries.
Boston Home Flippers Saw More Money, Smaller Profits Than Peers
WEB1 hour ago — Gross profits on typical flips around the country also increased to about $73,500. That remained down from a high of almost $81,000 reached in 2022, but up from $70,000 in the first quarter of 2024 and more than $12,000 above the lowest point of 2023. “The spring home-buying season of 2024 brought another sign of …
C&I Demand Remains Low. Interest Rate Cuts Could Change That
WEB2 days ago — In KeyBank’s latest annual survey of CEOs and CFOs at middle-market companies, 78 percent of respondents said that their outlook on the economy was “very good” to “excellent,” the highest total in years. In addition, 52 percent of the roughly 700 respondents said they are looking at merger & acquisition opportunities in the next 12 to ...
Average Mortgage Rate Hits Lowest Level in Two Years, But …
WEB4 days ago — The rate dipped to 6.08 percent from to 6.09 percent last week, mortgage buyer Freddie Mac said Thursday. A year ago, the rate averaged 7.31 percent. The last time the average rate was lower was on Sept. 15, 2022, when it was 6.02 percent. Borrowing costs on 15-year fixed-rate mortgages, popular with homeowners seeking to refinance their home ...
Digital Edition - Banker & Tradesman
WEBGain access to the most accurate and detailed transaction information in the country and offers a range of marketing lists for more than 130 million households (covering 94% of the U.S. population).
We Must Rebrand Housing as a Benefit, Not a Burden
WEB2 days ago — The net benefits of new housing – new customers for small businesses, newly found housing security for area families, children and seniors and a boost to the municipal property tax base – far outweigh any of the perceived “burdens.”. Proposals for new housing are met by many with incredulity towards experts, spread of wild conspiracy ...
This Week's Paper - Banker & Tradesman
WEBMuted Reaction to Wu’s $100M Housing Fund, Return of Top Planner. By Scott Van Voorhis | Banker & Tradesman Columnist | Sep 29, 2024 | Reprints | Unlock Link. Developers and real estate executives weren’t tapping furiously at their keyboards and burning up my phone line in praise of the mayor’s announcement of …
BT This Week's Paper Archives - Banker & Tradesman
WEBA self-described “builder,” the outgoing executive director of the Builders of Color Coalition, Colleen Fonseca, is reflecting on how much the group has achieved in three years, and where it still wants to grow. The newest 55-and-over community at Plymouth’s Pinehills includes 44 single-family homes ranging from 2,133 to over 3,300 square ...
Opinion - Banker & Tradesman
WEBGuest Columns and Op-Eds. From high officials to lone operators, read a diverse cross section of perspectives on the issues facing the Massachusetts real estate and banking industries today. Pitches for op-eds and special section guest columns should be directed to managing editor James Sanna at [email protected].