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THE FINANCIAL SERVICES AND REAL ESTATE WEEKLY FOR MASSACHUSETTS BY THE NUMBERS
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County close-up: Franklin Spotlight: Heath
IN PERSON
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David Miller leads the Greater Boston region for New York-based WiredScore, which helps the owners of 56 million square feet of local real estate market their properties’ internet connectivity to potential tenants.
WEEK OF MONDAY, MAY 4, 2020
RESIDENTIAL REAL ESTATE BY THE NUMBERS
$250,000 HomeVestors’ Greater Boston franchises paid an average of $250,000 per home last year. See Scott Van Voorhis’ column on page 3. Source: HomeVestors
4 percent Zillow site traffic from the Greater Boston area is only 4 percent behind 2019 levels. See Week on the Web on page 2. Source: Zillow
$202,500 The median single-family home sale price in Franklin County. See By the Numbers on page 6. Source: The Warren Group’s Statistics Module
120 days Banks can currently delay an appraisal up to 120 days after a loan has closed. See Lew Sichelman’s column on page 4. Source: Federal Reserve
0.88 percent The year-over-year decline in singlefamily home sales in Franklin County. See By the Numbers on page 6. Source: The Warren Group’s Statistics Module
200 HomeVestors franchises bought 200 homes in Greater Boston in 2019. See Scott Van Voorhis’ column on page 3. Source: HomeVestors
WIN-WIN
COULD PPP HELP LENDERS, TOO? WITH FINANCES AND MARGINS UNDER PRESSURE, LOAN PROGRAM OFFERS BENEFITS
0.94 The number of housing units per person in the town of Heath. See the Town Spotlight in By the Numbers on page 6. Source: U.S. Census Bureau
BY DIANE MCLAUGHLIN BANKER & TRADESMAN STAFF
J
ust as uncertainty has marked each stage of the Paycheck Protection Program – from features changing right before launch to system problems in the second round – community banks face another unknown with the program: its effect on bank finances in the coming months. Lenders spent much of April putting staff and resources toward an initiative that saw the U.S. Small Business Administration approve as many loans in two weeks as it had in the previous 14 years. While its effect on the balance sheet remains unknown, community banks see benefits from participating in the program, including helping the community and possibly boosting their reputation with small businesses. “As crazy and as hectic as this process has been, I think we’ve reaffirmed, to our customers, our commitment to them,” said Joseph Baptista, president and CEO of Continued on Page 9
50 percent Some home inspectors have seen business drop by 50 percent. See Lew Sichelman’s column on page 4. Source: Bill Walker
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.
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