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Boston suburb works to comply with new state multifamily construction law

Housing Wire

The town of Newton, Massachusetts is working to comply with a new state law that requires the construction of new multifamily housing units in areas served by public transit, according to reporting from the Boston Globe. Some apartments have been constructed in recent years, but the construction level has been low.

Law 370
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Mortgage Credit Availability Jumps AgainĀ 

Appraisal Buzz

The Conventional, Government, Conforming, and Jumbo MCAIs are constructed using the same methodology as the Total MCAI and are designed to show relative credit risk/availability for their respective index. Methodology on the expanded historical series from 2004 to 2010 has not been updated.

Mortgage 418
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The last domino before a recession? Job losses

Housing Wire

From BLS: Below are the areas where the report says jobs were created, and the construction job growth data is encouraging to see. Also, we must be mindful that multifamily construction has been good this year, with rental demand still solid. My sixth recession red flag model was fully raised on the same day as the last jobs report.

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Beware of gloom and doom housing market crash headlines

Housing Wire

Remember, in 2010 we had the homebuyer tax credit so that I wouldnā€™t count that data line. months, builders pull back, and new construction stalls. It is not designed to generate sensational headlines. Existing home sales, on the other hand, are not as extreme as pending home sales. When monthly supply goes above 6.5

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The Week Ahead: Unraveling the Nationā€™s Housing Crisis

Appraisal Buzz

As a surge in new multifamily rental units has slowed down rent growth, single-family construction is starting to lift for-sale inventories. Having previously worked at the Center in the 1990s, Chris rejoined the Center in 2010 from Abt Associates, to serve as the Director of Research.

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The Proposed NYC "Pied-A-Terre Tax" Looks Catastrophic to NYC Real Estate

Miller Samuel

A large swath of high-end condo market activity of the past five years are non-primary residences which include pieds-a-terres but most are investor purchases that are subsequently rented after the unit closes when construction was completed. I am merely interpreting what I think are the critical issues established this proposed tax.

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Are New Homes in Birmingham Getting Smaller?

Birmingham Appraisal

An Interesting Trend Among New Homes As a residential real estate appraiser in the Birmingham, AL market for over 30 years I have seen many changes in new home construction. Additionally, advances in construction techniques have made it more cost-effective to build compact homes that are efficient and eco-friendly.