Price Cuts on the Rise in New England
Price cuts are on the rise throughout the nation, according to a new report from listings portal Zillow. In the Boston metro area, 26.9 percent of residential listings in October received a price cut, the same percentage as the national average. The region saw a...Needham Bank and BankProv Merger Receives Approval
Needham Bank now has official approval for its latest acquisition: Amesbury-based BankProv. All required regulatory approvals have now been received to complete the proposed merger and BankProv stockholders have approved the merger, the two banks announced Monday. The...M&T Bank CEO Looking for More M&A
Speaking at an event in Boston, M&T Bank CEO René Jones predicted more M&A activity in the Northeast – including some driven by his own institution. Jones credited a friendlier regulatory environment for a potential uptick in merger activity in a “fireside...Home Prices Won’t Return to Normal for at Least 10 Years
While homebuyers are receiving some relief due to declining interest rates, more homes on the market and slower price appreciation, they won’t see a return to something that feels like “normal” any time soon. An analysis by economists at brokerage Redfin concludes...This Week’s Paper: Digital Edition
