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THE FINANCIAL SERVICES AND REAL ESTATE WEEKLY FOR MASSACHUSETTS BY THE NUMBERS
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County close-up: Hampden Spotlight: Wilbraham
IN PERSON
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When he was in college three decades ago, Dave Dirubbo dreamed of building the small construction company he started with his brother Anthony into a thriving business. But after he was diagnosed with stage IV lymphoma, those dreams were put on hold.
WEEK OF MONDAY, AUGUST 20, 2018
RESIDENTIAL REAL ESTATE BY THE NUMBERS
$22.64 The residential and commercial tax rate for Wilbraham in Hampden County. See By the Numbers on page 6. Source: Wilbraham Board of Assessors
$1.4 billion The amount consumers spent on credit freeze fees during the Equifax hack last year. See The Nation’s Housing on page 4 for more. Source: Wakefield Research
$9.235 million The sale price of 344 Beacon St., Boston, a property in this week’s Gossip Report. See more on page 8. Source: The Warren Group
5,048 The number of housing units in Wilbraham. See By the Numbers on page 6. Source: U.S. Census
FA S T 5 0
SAVVY LENDERS GET AHEAD OF SWING FROM REFI TO PURCHASES Residential Mortgages Can Still Grow in a Competitive Low-Inventory Market BY BRAM BERKOWITZ
7,488 square feet The size of the house on a 3.11-acre property in this week’s Gossip Report. See more on page 8. Source: The Warren Group
12 The maximum amount of marijuana plants allowed per residence according to Massachusetts state law. See Paul Bauer’s op-ed on page 5. Source: Massachusetts Cannabis Control Commission
$6.8 million The sale price of the second property on this week’s Gossip Report. See page 8 for more. Source: The Warren Group
BANKER & TRADESMAN STAFF
H
ousing inventory in the commonwealth continues to shrink, so how is that banks and mortgage lenders are able to grow residential mortgage activity? Rising interest rates are nudging mortgage rates up, but as demand remains strong, sellers are realizing this might be a good time to put their homes on the market before buyers get spooked, priced out or if sale prices start to decline. The Fast 50, compiled from data collected by The Warren Group, publisher of Banker & Tradesman, reveals the 50 fastest growing lenders in Massachusetts for the first six months of the year, compared with the same period one year ago. Continued on Page 11
147 million The number of people affected by the Equifax hack exposing personal and financial data to cybercriminals. See The Nation’s Housing on page 4 for more. Source: Equifax
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.
SWEET SPOT
AN INTERACTIVE EXPERIENCE
As Prices Rise, Developers Bullish About New Construction
What Banks Need to Know About Rebuilding Personal Financial Management in 2018
Eastie Condo Pipeline Grows By Steve Adams | Banker & Tradesman Columnist
Commercial Real Estate PAGE 3
The Next Step in Online Banking: Virtual Financial Wellness Couching David Albertazzi and Tiffani Montez | Special to Banker & Tradesman
Banking & Lending PAGE 8