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THE FINANCIAL SERVICES AND REAL ESTATE WEEKLY FOR MASSACHUSETTS BY THE NUMBERS
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County close-up: Barnstable Spotlight: Sandwich
IN PERSON
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David Goodhue was named market leader of Colliers International Boston in January, succeeding the veteran three-part leadership team of Kevin Phelan, Tom Hynes and Jim Elcock. A Providence College graduate, Goodhue joined the firm in 2003 following a stint in sales for a security company.
WEEK OF MONDAY, APRIL 8, 2019
BANKING & LENDING BY THE NUMBERS
SPRING MARKET OUTLOOK
16.37 percent The share of the Barnstable County mortgage market held by Cape Cod Five Cents Savings Bank. See By the Numbers on page 6. Source: The Warren Group’s Marketshare Module
4 percent Mortgage interest rates are hovering in the 4 percent range, prompting more buyers to enter the spring housing market. See Jay Fitzgerald’s story on this page. Source: Bob Driscoll, Rockland Trust
32 years Brookline Bank’s new executive vice president of commercial banking has 32 years of industry experience. See Week on the Web on page 2. Source: Brookline Bank
15 percent FHA loans have shrunk to 15 percent of Envision Bank’s business. See Bram Berkowitz’s story on page 9 for more. Source: Envision Bank
30 points A new tool from fintech CreditXpert claims to boost borrowers credit scores by an average of 30 points. Source: CreditXpert
16.7 percent The pay gap between women and men performing equal work in real estate finance. See Week on the Web on page 2. Source: The CREW Network
$2.5 million The mortgage on the second home in this week’s Gossip Report. See page 9. Source: The Warren Group
SPRING WILL BE A SELLER’S MARKET IF SELLERS DON’T BLOW IT
North Shore, Worcester Seen as Hot Spots of High Demand BY JAY FITZGERALD BANKER & TRADESMAN STAFF
T
he Massachusetts real estate market is poised for another seller’s market across large swaths of the state this spring – as long as sellers keep their expectations in check and don’t ask for overly high prices, market-watchers say. Based on early 2019 data, all the signs are there again for a high demand/low supply market that should
give sellers an edge, though that’s not necessarily the case in every submarket around the state.
Interest Rates Attract Buyers
The inventory of single-family homes for sale across the state was down in February by 9.5 percent compared to last year, according to the Massachusetts Association of Realtors, roughly matching the January numbers and suggesting another tight Continued on Page 10
15 The number of members now on Rockland Trust’s board following the completion of its merger with Blue Hills Bank. See Week on the Web on page 2. Source: Rockland Trust
Unless otherwise noted, all data is sourced from The Warren Group’s Mortgage Market Share Module, Loan Originator Module, Statistics Module and/or proprietary database. For more information please visit www.thewarrengroup.com/business/ datasolutions.
IN PLAIN SIGHT
Filling the Gaps in Medford Square Housing, Brewpubs Could Be on Tap
By Steve Adams | Banker & Tradesman Columnist
UNDERPERFORMING UNDERWRITING
New Standards Expected to Depress FHA Mortgage Activity Among Small Lenders GSE Products May be Partly to Blame By Bram Berkowitz | Banker & Tradesman Staff
Commercial Real Estate PAGE 7
Banking & Lending PAGE 9