Supreme Judical Court Sides With NorthPoint Cambridge
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March 14, 2010 by Elad Bushari · Leave a Comment
The state’s highest court has sided with the state Department of Environmental Protection and rejected a bid to invalidate permits at NorthPoint, a Cambridge mega-project at the center of a lengthy legal battle.
In a decision today, the Massachusetts Supreme Judicial Court backed the Legislature’s 2007 tidelands bill to issue exemptions from certain waterfront licensing regulations.
The [...]
Government Issues New Short Sale Guidelines
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December 11, 2009 by Elad Bushari · Leave a Comment
The U.S. Treasury Department announced a new program that will provide financial incentives to mortgage servicers and borrowers who use a short sale or a deed-in-lieu to avoid foreclosure on a loan facilitated through the Home Affordable Modification Program (HAMP). The new Home Affordable Foreclosure Alternatives Program aims to simplify and streamline the use of [...]
Senate likely to extend homebuyers’ tax credit
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October 30, 2009 by Elad Bushari · Leave a Comment
Washington (CNN) — Senate leaders have reached a tentative deal to extend the first-time homebuyers’ tax credit that was originally passed earlier this year as part of the stimulus bill, Republican and Democratic sources told CNN on Wednesday.
The agreement would extend and expand the credit to include current homeowners who want to move, according to [...]
Boston Real Estate Blog Gets a Hot New Look
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October 22, 2009 by Elad Bushari · Leave a Comment
Bushari Group Real Estate’s blog, Boston Real Estate Blog, just got a new hot look! “The company is committed to cutting edge technology and this is part of our vision” says Elad Bushari, Broker of Bushari Group Real Estate. “With the new, improved blogging platform, we will be able to reach more market participants and [...]
How To Abate Cambridge Real Estate Taxes?
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October 21, 2009 by Elad Bushari · Leave a Comment
It’s tax time in Cambridge! If you’re a home-owner in Cambridge, you probably received a letter from the Cambridge tax collector’s office asking for the first payment (out of two) for Fiscal Year 2010. A “fiscal year” is usually used for tax purposes. In Cambridge, Fiscal Year 2010 began on July 1, 2009 and [...]
New-home Sales Post Fourth Straight Monthly Gain
August 31, 2009 by Elad Bushari · Leave a Comment
Sales of new single-family homes rose 9.6 percent from June to July, reaching a seasonally adjusted annual rate of 433,000, the U.S. Commerce Department announced this morning. This marks the fourth consecutive month that sales have increased. But new-home sales were still 13.4 percent below the July 2008 estimate of 500,000, and prices continue to [...]
Walkable Neighborhoods Boost Property Values
August 31, 2009 by Elad Bushari · Leave a Comment
A new report by CEOs for Cities, a network of urban leaders, reveals that homes in walkable neighborhoods may be more valuable than homes in car-dependent ones.
The report, “Walking the Walk: How Walkability Raises Housing Values in U.S. Cities,” found that in 13 of the 15 markets examined, higher levels of walkability, as determined by [...]
Forbes Magazine: Cambridge, MA Number 2 Best Places To Begin A Career
July 24, 2009 by Elad Bushari · Leave a Comment
First-time job seekers would be wise to consider San Jose, Calif., Cambridge, Mass., and Houston, Texas, among the nation’s best places to begin a career. These metros are home to America’s strongest big and small companies, and attract the country’s most talented professionals, based on Forbes Magazine’s analysis.
The Cambridge metro is much larger than you [...]
As Rates Rise, Fed Holds Steady
June 7, 2009 by Elad Bushari · Leave a Comment
Yields on U.S. Treasury bonds rose in March and April and yields on mortgage-backed securities continue to increase, pushing 30-year fixed home loans up to 5.44 percent—the highest rate for mortgages since early February.
The Federal Reserve is buying Treasury’s and mortgage-backed securities (MBS) in an attempt to keep borrowing costs low and to provide the [...]
Pending Home Sales Climb Again
June 3, 2009 by Elad Bushari · Leave a Comment
The Pending Home Sales Index — a forward-looking indicator based on contracts signed — rose 6.7 in April from March, and was up 3.2 percent from April 2008, NAR announced today. It is the third consecutive month that pending sales showed gains, which NAR attributes to record low mortgage interest rates and lower home prices.
The [...]
