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A real estate coalition made up of the Greater Boston Real Estate Board, Home Builders and Remodelers Association of Massachusetts, Massachusetts Association of Realtors®, NAIOP—The Commercial Real Estate Development Association, along with the Massachusetts Municipal Association announced today that they have issued a joint letter in support of An Act to promote housing choices. The groups have come together to back Governor Baker’s Housing Choice legislation because of the lack of housing available to meet current and future demand. 

Real Estate Coalition and Muncipalities Join to Support Baker Housing Bill
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Only REFA puts you at the Center of it All. 

To view REFA's 30th Anniversary video, please click here

At The Center of it All
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THANK YOU FOR SUPPORTING THE 30TH ANNUAL REFA GALA!

Thank you to all who joined us and helped to support this year's REFA Gala! It was a wonderful evening honoring both David Manfredi and Elizabeth Lowrey of Elkus Manfredi Architects with the Robert S. Swain Jr. Distinguished Service Award! In honoring David Manfredi and Elizabeth Lowrey, REFA presented its first design firm with the Robert S. Swain Jr. Distinguished Service Award. In addition, REFA formally unveiled its new brand, as well as recognized the past REFA Gala honorees as part of its 30th Anniversary Celebration.

To view photos from the event, please click here

To watch the full 2018 REFA Gala honoree video, please click here.

To visit the REFA Gala website and for more information regarding the Annual REFA Gala, please visit www.annualrefagala.com
Thank You For Supporting the 30th Annual REFA Gala!
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BOMA UPDATE BANNER

Did you miss our October Newsletter? Find out what BOMA Boston is offering for upcoming events and education this Fall! 

Read the October 2018 ENews

October 2018 ENews
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Lapatin on the Law is a monthly legal update for RHA Members

Click Here for Lapatin on the Law
Lapatin on the Law - October 2018
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Lapatin on the Law is a monthly legal update for RHA Members

Click Here for Lapatin on the Law
Lapatin on the Law - September 2018
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BOMA UPDATE BANNER

Did you miss our September Newsletter? Find out what BOMA Boston is offering for upcoming events and education this Fall! 

Read The September ENews!

September E-News
BOMA
Fannie Mae and Freddie Mac announced new products for homebuyers on a budget. For just a 3 percent down payment, certain consumers can now get a loan from both government-sponsored lenders for a home purchase or refinance transaction, which means the agency will finance up to 97 percent loan-to-value. 

Freddie Mac's Home Possible mortgages are also available for as little as 3 percent to 5 percent down, targeting homebuyers in high-cost and undeserved communities. These new products are designed to compete with the low-down-payment options offered by the Federal Housing Administration (FHA), which offers loans for as little as 3.5 percent down for those with a credit score of at least 580. 

Housing prices are on the rise across the country, which has put a strain on first-time buyers. The National Association of REALTORS® (NAR) and Freddie Mac estimate that median price growth will accelerate by 3.5% in 2018, and in some cases will continue to rise faster than income gains over the coming years.

Additionally, Fannie Mae and Freddie Mac announced they are ending their single-family rental pilot program, a victory for NAR who had urged the Federal Housing Finance Agency (FHFA) to stop the program. Earlier this week, the FHFA ended the program which had provided liquidity to institutional investors to purchase single-family homes for rental housing. The action is consistent with NAR’s long-term position that the companies should maintain their focus on ensuring liquidity for home sales. 

"With inventory shortages facing housing markets across the country, the National Association of REALTORS® has long advocated for the Federal Housing Finance Agency to end its expansion into the single-family rental market and return its focus to promoting a liquid and efficient housing market, as Congress intended. By financing the purchase of thousands of single-family homes for institutional investors to use as rentals, Fannie Mae and Freddie Mac compounded on inventory shortages and affordability concerns, which are holding back prospective homebuyers across the country. NAR applauds today’s FHFA decision, and we look forward to continue working with Fannie Mae and Freddie Mac to help more Americans achieve homeownership going forward," said NAR President Elizabeth Mendenhall.
Fannie Mae, Freddie Mac Lower Down Payments, End Rental Pilot Program
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Earlier this month, the National Association of REALTORS® (NAR) announced its leadership team for 2019, which features two GBAR members who will service in committee leadership roles at the national level; Andrew Sarno of Medford and Craig Foley of Melrose.

Our 2015 President Andrew Sarno of Medford, was appointed as Vice Chair of NAR’s Membership Policy and Board Jurisdiction Committee. Andrew has served as a member of this committee since 2015 and has been a member of the NAR Board of Directors since 2016. Additionally, he serves as a member of NAR’s Professional Standard Committee and previously sat on the Advocacy Resources/Territorial Jurisdiction Work Group.

Craig Foley, of Melrose, who locally presents the NAR Green Designation courses, was fittingly named Chair of NAR’s Sustainability Advisory Group. Craig previously served as a member of this advisory and served as a member and regional representative for the Land Use Property Rights and Environment Committee. 

Congratulations to Andrew and Craig on these well-deserved assignments! 

Additionally, GBAR will be announcing our committee applications for 2019 in September.
GBAR Members Named as NAR Committee Leaders
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CBA Breakfast Program- Shared Space: Beyond The Office
Atlantic Wharf
9:00am
 
GBAR New Member Orientation (Natick, MA)
Crowne Plaza
9:00am
 
CIPS- Europe And International Real Estate
Greater Boston Real Estate Board
8:30am
 
REFA Women's Leadership Event Ft. Betsy Myers
225 Franklin St.
4:30pm
 
Wentworth Inst of Technology: Building Automation Systems
Wentworth Institute Of Technology