Here are the articles that resulted from our release of the September 2011 home sales numbers. We’ll update this post if any more articles come in.
Wednesday, October 26, 2011
Home prices in Massachusetts rise slightly
The Milford Daily News
Area home sales numbers uneven
Tuesday, October 25, 2011
Mass. single-family home sales rise nearly 10 percent in September
Mass. home sales rise in September; prices flat
Massachusetts home sales climb in Sept.
Home sales in Bristol County, Mass., fell 18%
Providence Business News
Mixed Bag For Home Sales Data
Worcester Business Journal
Today we issued our September 2011 housing numbers and for the 3rd straight month both single-family and condo sales were up over the same time last year. Single-family median prices were up from 2010, but down from August. Condominium median prices were also up from last year, but down from August. On a month-to-month basis, both single-family and condo sales were down from August, which is typical (see graphs below).
The Massachusetts Association of REALTORS(R) and REALTORS(R) across the country are concerned about the recent return to lower loan limits for FHA and GSEs (Fannie Mae and Freddie Mac) will have on the real estate market recovery. We are encouraging the US House of Representatives to restore the previous loan limits of 125% of the area median home price capped at $729,750 (the limits are now 115% of the median area sales price capped at $625,000).
Click the link to see the September 2011 Housing Release and listen to the monthly podcast with MAR President Laurie Cadigan.
Highlights from the release:
* Single-family home sales were up 9.96% compared to last year
* Single-family median prices were up 1.7 %
* Condo sales were up 8.87% compared to the same time last year
* The median price for a condo was up 5.43% compared to last year
Congratulations to David Peretti, senior vice president/manager of Hammond Residential Real Estate in Winchester, who was named recipient of the MAR Milton H. Shaw Distinguished Service Award for 2011.
Read the Release:
About the Award:
First awarded in 1984, the Milton H. Shaw Distinguished Service Award is presented annually to one REALTOR® member or staff executive who has demonstrated outstanding leadership abilities and volunteered countless hours of personal time to serve on state association committees and participate in MAR activities.
Congratulations to Robert Nahigian, broker-owner of Aburndale Realty Co., Newton for being named MAR’s 2011 Massachusetts Real Estate Educator of the Year.
Read the Release:
Robert J. Nahigian, FRICS, SIOR, CRE,
Auburndale Realty Co., Newton
Robert Nahigian is a state-certified continuing education instructor in Massachusetts who writes, designs and teaches real estate courses and programs for state and local REALTOR® associations across the country. Courses he has written for the GRI curriculum include: Overview to Industrial Real Estate; Primer for Commercial Real Estate; International Real Estate; and Market and Negotiating Commercial Real Estate. Nahigian has been a past member of the MAR Commercial-Investment Council, Government Affairs Committee, Agency Law Legislative Task Force, Commercial State Overlay Board and the Education and Curriculum Committee. He has also been appointed to the NAR Commercial Speaker’s Bureau. Nahigian has also developed specific commercial real estate courses for the Massachusetts Licensing Commission’s Education Subcommittee.
Congratulations to Karen King of Monson and Robi Rubenstein of Northborough for being named MAR’s 2011 Good Neighbor Award winners for their community service efforts.
Read the release:
Karen King, CRS, GRI, CBR, CLHMS, e-PRO
RE/MAX Prestige, Wilbraham
On June 1, 2011 a tornado ravaged the town of Monson and destroyed over 100 homes. That night, Monson resident Karen King started an all-out effort to help her fellow residents. She opened her home to 14 tornado survivors who only had the clothes on their backs for three weeks. She worked within the REALTOR® community to help find people homes and resources. Because of the work she has done, over 20 families have been placed into temporary homes by taking listings off the market to help those in need. She has gone on the radio to raise money, spoken to civic groups to get volunteers and regularly attends both FEMA and town emergency management meetings. As part of the effort, King started the “Street Angel” program. Through this program, volunteers go door-to-door once a week to check on those affected by the storm and let them know what resources are available.
Robbi Rubenstein, CBR, SRES
RE/MAX Prestige, Northborough
Knowing first-hand that care giving is a continuous job that can strain a relationship between a sick and well spouse, Robbi Rubenstein started the Central Massachusetts Chapter of the Well Spouse Association. The chapter provides a place where caregivers can take a temporary break from the job of care giving and find resources for them to better manage their lives. Without a proper support system, caregivers – and their sick partners- can suffer far more than they need to emotionally, physically, and financially. Rubenstein works with doctors, attorneys, financial specialists and other professionals in the community to offer advice and other services to members. In addition, she facilitates a monthly discussion group for Well Spouses to share their experiences with one another.
Congratulations to Paul Yorkis, broker/owner of Patriot Real Estate, Inc., in Medway for being selected as the Massachusetts REALTOR® of the Year for 2011. The award was presented at MAR’s Professional Awards Reception at the DCU Center in Worcester tonight.
Read the Release
Paul Yorkis, CBR, LMC
Patriot Real Estate, Inc, Medway
Paul Yorkis is a Director and Chair of the Professional Standards Committee of the Greater Boston Association of REALTORS® (GBAR). He is also a Certified Professional Standards Mediator for GBAR. At the state level, Yorkis is a member of the Board of Directors and Chair of the MAR Charitable Foundation. He is also a member of the Government Affairs and the Quality of Life Presidential Advisory Group. Yorkis is a regular attendee of the MAR Conference & Tradeshow and REALTOR® Day on Beacon Hill. At the national level, Yorkis has attended the last NAR meetings and is a Sterling “R” RPAC Contributor.