Boosted by higher home sale prices and more transactions spurred by low interest rates the amount of money spent on real estate in Hampden County last year was almost $1 billion, a nine percent increase over 2011, and the most since 2008. Hampden County Register of Deeds Donald Ashe called it a good year for the housing market in western Massachusetts and he forecast what he called a “ steady healthy market” for the next six months.
American International College Tuesday announced a $25 million dollar redevelopment of the historic Indian Motorcycle property adjacent to its campus in Springfield Massachusetts. WAMC’s Pioneer Valley Bureau Chief Paul Tuthill reports.
The project announced Tuesday will result in the redevelopment of 139 housing units in the former factory complex where legendary Indian Motorcycles were manufactured up until 1950. It will include building apartments in a former fire station that sits on the property in the heart of the inner city Mason Square Neighborhood.
The state aims to phase out the use of motel rooms as emergency shelters for homeless families over the next 18 months and halt the program completely by June 30, 2014. Aaron Gornstein, the Undersecretary of The Department of Housing and Community Development said eliminating the motel system is in the best interest of taxpayers and homeless families.
The Department of Veterans Affairs says it is making progress in reducing the number of homeless veterans in the country. But the critical need was evident at an event Friday in Springfield Massachusetts. WAMC’s Pioneer Valley Bureau Chief Paul Tuthill reports.
Hundreds of veterans looking for help filed into a church social hall for an opportunity to speak with representatives from more than 60 agencies and programs, including health care providers, counseling services, and housing specialists. There were free meals and each could leave with a bag of clothes.
A housing symposium was held yesterday to address the challenges faced by communities in Eastern New York, Northwest Connecticut, and the Berkshires. WAMC’s Berkshire Bureau Chief Lucas Willard reports…
The symposium hosted by the Berkshire Taconic Community Foundation at the Mahaiwe Theater in Great Barrington laid out a series of housing options for the Berkshire Taconic Region. Jennifer Dowley, President of the Foundation put the familiar problem facing those looking for housing in the area into just a few words:
A federal court ruling clears the way for the city of Springfield Massachusetts to implement a foreclosure ordinance. Housing rights advocates predict the local law will become a model for other cities and states struggling with the blight caused by foreclosed vacant property. WAMC”s Pioneer Valley Bureau Chief Paul Tuthill reports.
An inner city neighborhood once lost to blight and crime has undergone a transformation that officials believe could serve as a model for the entire country. The neighborhood revitalization in Springfield Massachusetts required substantial public financing, without which officials insist it could not have happened. WAMC’s Pioneer Valley Bureau Chief Paul Tuthill reports.
The residential real estate market in upstate New York is showing some promising signs. Hudson Valley Bureau Chief Dave Lucas reports…
The burst of the so-called "housing bubble" in late 2007 sent the real estate market into a spin... a new batch of numbers is leading industry insiders to believe that things are turning around... according to the National Association of Realtors, sales of existing homes rose in April and remain above a year ago, while home prices continue to rise.
On Wednesday, the state House of Representatives passed a modified version of the bill that will now head to the senate. The bill would help prevent foreclosures by requiring banks to be more flexible with borrowers in their repayment plans.
The bill would require lenders to analyze loans under new standards and offer modifications that can financially benefit the borrower and bank to prevent forclosure.
Next week, the people of Williamstown will vote on municipal efforts to expand and begin the process of developing new state funded Affordable Housing in the Northern Berkshire town. According to Massachusetts’ Affordable Housing Law, every community in the Commonwealth has an obligation to develop ways to provide 10% of their housing stock available to moderate and low income families. Many Berkshire communities are well below that goal, including Williamstown.