FromAround TheWWW

HousingWireHousingWire Lamacchia Realty is continuing its acquisition spree. On Tuesday, the New England-based firm announced its acquisition of Massachusetts-based Stone Ridge Properties. The financial terms of the deal were not disclosed. Founded in 1990, Stone Ridge Properties has offices in Amesbury and Newburyport, Massachusetts. It is owned by Cathy Toomey,…

HousingWireHousingWire Homeowners are sitting on a record level of about $35 trillion in home equity — more than double the equity levels recorded prior to the financial crisis and housing market collapse of the late 2000s. But as the share of first-time homebuyers gets smaller — and older — it’s…

The Preservation of Affordable Housing submitted multiple plans to Portsmouth for developing below-market-rate housing at the former Sherburne School site. (Courtesy of the City of Portsmouth via Preservation of Affordable Housing) The Portsmouth City Council is aiming to select its partner for the redevelopment of the city-owned former Sherburne School…

Former Mayor Sylvio Dupuis kept the mood light as he recalled his time governing the city, which included the official launch of 1000 Elm Street in 1974. He was joined, from left, by Mayor Jay Ruais, attorney Brad Cook and Arthur Sullivan of Brady Sullivan Properties. (Photo by Carol Robidoux,…

HousingWireHousingWire We heard a lot about the need for millions of new homes during the run-up to the election, so I can imagine how shocked some people are to see today’s report on housing starts and permits at recession levels. Minneapolis Fed President Neel Kashkari recently stated that housing demand…