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THE FINANCIAL SERVICES AND REAL ESTATE WEEKLY FOR MASSACHUSETTS BY THE NUMBERS
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County close-up: Norfolk Spotlight: Quincy
IN PERSON
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Bill McCall likes to joke that he’s accurately predicted eight of the last four recessions in Massachusetts. His glass-half-empty perspective is influenced by his brokerage firm’s tenant advisory specialty in helping companies drive the best bargain with landlords.
WEEK OF MONDAY, JUNE 1, 2020
RESIDENTIAL REAL ESTATE BY THE NUMBERS
13.7 percent Single-family home sales dropped 13.7 percent year-over-year in April. See Week on the Web on page 2. Source: The Warren Group’s Statistics Module
$23.5 million The sale price of a two-house compound on Nantucket. See the Gossip Report on page 9. Source: The Warren Group
19 percent Condominium sales dropped 13.7 percent year-over-year in April. See Week on the Web on page 2. Source: The Warren Group’s Statistics Module
ARE VIRTUAL DEVELOPMENT REVIEWS THE NEW NORM? A CRASH COURSE IN COVID ERA COMMUNITY ENGAGEMENT
8,446 square feet
BY STEVE ADAMS
The size of the largest single home in this week’s Gossip Report. See page 9. Source: The Warren Group
assachusetts’ twomonth-old ban on public gatherings upended a hidebound real estate development review process that included a steady dose of community forums and public hearings in overflowing meeting rooms. As public agencies take a crash course in Zoom and other online platforms, a permanent shift toward virtual meetings could supplement, but not eliminate, the traditional city hall forum.
42,838 The number of housing units in Quincy. See the Town Spotlight in By the Numbers on page 6. Source: U.S. Census Bureau
The Chiofaro Co.’s Pinnacle at Central Wharf is among the projects facing delays thanks to COVID-19 restrictions on community meetings.
M U LT I C H A N N E L S T R A T E G Y
BANKER & TRADESMAN STAFF
M
Continued on Page 7
3 Three towns dominate the list of most-expensive recent single-family sales in Norfolk County. See By the Numbers on page 6. Source: The Warren Group
Image courtesy of Kohn Pederson Fox Assoc.
$400,000 The median single-family home sale price in April. See Week on the Web on page 2. Source: The Warren Group’s Statistics Module
$525,000 The median single-family sale price in Norfolk County. See By the Numbers on page 6. Source: The Warren Group’s Statistics Module
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
COMMERCIAL INTERESTS
Framingham Apartment Freeze Could Upend City’s Revitalization Council Fears School, Traffic Impact from Transit-Oriented Development
CRA REFORM
OCC CRA Changes Could Complicate Housing Finance Different Rules for Different Banks Raise Concern By Diane McLaughlin | Banker & Tradesman Staff
By Scott Van Voorhis | Banker & Tradesman Columnist
www.thewarrengroup.com/business/ datasolutions.
Commercial Real Estate PAGE 3
Banking & Lending PAGE 9