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THE FINANCIAL SERVICES AND REAL ESTATE WEEKLY FOR MASSACHUSETTS BY THE NUMBERS
PAGE 6
County close-up: Middlesex Spotlight: Malden
As resiliency and mobility issues approach crisis proportions in Greater Boston, Amy Korte is using technology to optimize designs and operations of new developments. Korte was named president of Arrowstreet, the Boston-based architecture firm that she joined in 2008, in May.
IN PERSON
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WEEK OF MONDAY, JUNE 3, 2019
RESIDENTIAL REAL ESTATE BY THE NUMBERS
R E A L T I M E P AY M E N T S
82 percent
AVIDIA
New data show 82 percent of Massachusetts communities are growing in population. See Week on the Web on page 2. Source: U.S. Census Bureau
TAKES THE PLUNGE
$1.5 million The median home price in Weston. See Scott Van Voorhis’ column on page 3. Source: The Warren Group’s Statistics Module
100 A new report surveyed 100 Greater Boston communities’ barriers to multifamily development. See Susan Gittelman’s column on page 5. Source: Massachusetts Smart Growth Alliance
4,886 square feet
First Community Bank Joins The Clearing House Real-Time System
The size of the largest home in this week’s Gossip Report. Source: The Warren Group
$428,450 The median home price in Framingham, the busiest residential real estate submarket in Middlesex County. See By the Numbers on page 6. Source: The Warren Group’s Statistics Module
50 A new report on barriers to multifamily housing asked 50 detailed questions of local communities. See Susan Gittelman’s column on page 5. Source: Massachusetts Smart Growth Alliance
1,788 square feet The size of the smallest home in this week’s Gossip Report. See page 9. Source: The Warren Group
While most community banks have been hesitant to sign up to a real-time payment processing system, Hudson-based Avidia has jumped in with both feet.
BY BRAM BERKOWITZ BANKER & TRADESMAN STAFF
A
vidia Bank, a small $1.6 billion-asset bank based in Hudson, chose a path last week that few, if any, community banks in the country have dared to go down. The bank recently announced that it has joined The Clearing House and will implement TCH’s
real-time payments system, giving its customers the ability to send, clear and settle payments immediately and at all times – 24 hours a day, seven days a week and 365 days of the year. The move is one that most small banks have been reluctant to try and a feature that Avidia executives say will differentiate the bank from its competition and make it a
leader in the payments space. “If you are a bank and you are going to focus on payments, I don’t think waiting is an option anymore. You really need to step up your game and be open to new, faster railways that everyone will desire when they become ubiquitous,” said Bob Conery, COO and executive vice president at Avidia.
Continued on Page 9
33 percent One in three Millennials fear home prices will force them to split a dwelling with relatives. See Week on the Web on page 2. Source: Ally Home
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.
COMMERCIAL INTERESTS
CODE OF SILENCE
Weston Official’s Push to Age-Restrict Two 40Bs is Wrong
Lingering Questions Follow Boston Skyscraper’s History
By Scott Van Voorhis | Banker & Tradesman Columnist
By Steve Adams | Banker & Tradesman Staff
Some Suburbs Forget Fixing The Ghosts of Housing Market is a Team Effort 75 State St.
Commercial Real Estate PAGE 3
Commercial Real Estate PAGE 7