FOCUS ON
PHILANTHROPY
Turn to page 10 for Banker & Tradesman’s annual celebration of the charitable.
THE FINANCIAL SERVICES AND REAL ESTATE WEEKLY FOR MASSACHUSETTS BY THE NUMBERS
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County close-up: Suffolk Spotlight: South Boston
IN PERSON
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A senior vice president with Gloucester-based Rockport Mortgage Corp., a firm specializing in Federal Housing Administration (FHA) financing, Linda Pellegrino structures and originates mortgages insured by the U.S. Department of Housing and Urban Development for affordable housing projects.
WEEK OF MONDAY, DECEMBER 23, 2019
RESIDENTIAL REAL ESTATE BY THE NUMBERS
$550,000 The median single-family sale price in Dorchester through October. See By the Numbers on page 6. Source: The Warren Group’s Statistics Module
0 Columnist Scott Van Voorhis probes why so little progress has been made on the housing crisis in his column on page 3. Source: Scott Van Voorhis
A YEAR OF GIVING
When Innovation Meets Charity
60 Ed Logue came to Boston 60 years ago to reinvigorate a then-dying city. See Susan Gittelman’s column on page 5. Source: Lizabeth Cohen
29 percent The nation’s 20 largest homebuilders built 29 percent of all new houses in 2019. See Lew Sichelman’s column on page 4. Source: BUILDER
17.07 percent The median single-family home sale price has increased 17.07 percent this year. See By the Numbers on page 6. Source: The Warren Group’s Statistics Module
9 in 10 Nearly all homebuyers who use downpayment assistance would be unable to afford a home otherwise. See Lew Sichelman’s column on page 4. Source: CBC Mortgage Agency
$570,000 The median single-family sale price in all of Suffolk County. See By the Numbers on page 6. Source: The Warren Group’s Statistics Module
150 points A homeowner’s credit score can drop by 150 points or more if their home is foreclosed on. See Lew Sichelman’s column on page 4. Source: LendingTree
Two Banks’ Gifts Seek to Make Big Changes BY DIANE MCLAUGHLIN BANKER & TRADESMAN STAFF
T
wo Boston-area banks are stepping outside longstanding industry traditions of donating to local organizations and volunteering for community causes with major philanthropy initiatives that could have long-term impacts on Massachusetts’ economy. Eastern Bank this year pledged $1 million to support early childhood development, with half that money going toward an organization trying to change how parents, caregivers and communities interact with young children. It’s an attempt to head off racial and economic disparities that show up later in life when these children fall behind their better-off peers in school and enter the workforce with far fewer skills and opportunities. Continued on Page 10
– Mark Culliton, founder and CEO, College Bound Dorchester
COMMERCIAL INTERESTS
DEMAND DRIVERS
Pols Seem Content with Little Progress on the Bay State’s Biggest Crises
Life Science, Transit and Housing Dominated in 2019
Welcome to the Commonwealth of Slowpokes By Scott Van Voorhis | Banker & Tradesman Columnist
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.
“We are really fortunate to have launched this solution here in Boston, because we do have an active, engaged and committed corporate sector that is also not afraid of things that are counterintuitive and not afraid of investing in really disruptive technology or, in our case, social change.”
Commercial Real Estate PAGE 3
The Year in Commercial Real Estate By Steve Adams | Banker & Tradesman Staff
Commercial Real Estate PAGE 7