The real estate market in the Boston area has been crazy lately and that’s adding up to trouble for both buyers and sellers.
Dozens of people who had their homes damaged or destroyed by flooding from Tropical Storm Irene are expected to apply for a federal program to buy their homes from them.
TCF National Bank is suing a Massachusetts firm it hired to appraise nearly 3,000 homes. In a federal lawsuit filed in Minneapolis, TCF alleges Market Intelligence Inc. of Milford, Mass., improperly inflated the value of the residential properties the bank was financing. One of the services Market Intelligence provided was a field assessment, or a drive-by inspection.
Police in Haverhill are encouraging residents to be vigilant after a recent rash of break-ins in one neighborhood.
Thousands of Bay State homeowners are underwater with their mortgages, but they are still faring better than many other states.
Four huge new homes in Saugus are almost ready to be jacked up, and moved away from the sheer hillside where they were built several years ago. But residents on the street below are still nervous.
The number of completed foreclosures in Massachusetts increased 32 percent in 2010 compared with the previous year, and an expert is sounding a cautious tone for the year ahead.
In part 1 Barry Bluestone, Dean, School of Public Policy at Northeastern University discusses the state of the housing market in Massachusetts.
In part 2 John Spence, Reporter from MarketWatch.com discusses the tax credit extension.