A recent ruling by the state’s Supreme Judicial Court (SJC) hands a substantial victory to foreclosed homeowners and presents new difficulties for banks, further extending the already lengthy foreclosure process in Massachusetts.
U.S. homes have recovered almost half the value they lost in the housing crash, with the overall value of U.S. homes rising by about $1.9 trillion in 2013, the largest annual gain since 2005, according to a new report from real estate portal Zillow.
New data from the U.S. Census shows that nationally, new housing starts climbed 29.6 percent in November compared with last year, a significant jump that exceeded analysts’ predictions.
More than four years after the passage of the Dodd-Frank Act, and after months of wrangling and rule-making with two successive federal regulators, the mortgage industry is set to cross the threshold into the post-Qualified Mortgage era in just over three weeks – and they’re taking it slow and careful.
Louis Chinappi has had a long career in all aspects of community banking, and currently oversees Massachusetts operations for Connecticut-based title insurer CATIC. Next year, he’s set to take over as chair of the Massachusetts Mortgage Bankers Association.
The president of Realtor.com announced yesterday that the company would be ending the test marketing of a controversial web application that ranked Realtors on performance metrics.
Wellesley-based Prudential Town and Country Real Estate will rebrand itself as Berkshire Hathaway Home Services early next year.
Rep. Mel Watt (D-N.C.) will take over as head of the Federal Housing Finance Agency, following a Senate vote yesterday.
The number of homes put under agreement in the Bay State rose 18.6 percent in November compared with the same time last year, hitting a new all-time high for the month of November, according to new figures released by the Massachusetts Association of Realtors (MAR).
The number of Americans who rent rather than own their home has risen to its highest-ever level in the past decade, according to a new study from the Joint Center for Housing Studies (JCHS) at Harvard University.
A new web application created by Realtor.com has spurred a wave of anxiety – and criticism – from real estate agents. The tool, AgentMatch, is currently being tested in only two markets: Las Vegas and Boulder, Colo. It is intended to help consumers select a real estate agent by matching them with an agent who has experience with selling homes in the neighborhood they’re interested in. Consumers are presented with a variety of metrics, including how many homes the agent has sold in the recent past, along with star ratings and a “bio†about the agent.
A new report from online brokerage Redfin shows buyer demand staying unexpectedly strong in November.
Real estate portal Zillow predicts that Boston will be one of the hottest housing markets in the country next year.
The major banks that signed on to the national mortgage settlement are still not fully complying with the requirements of the deal, but are working on fixing the issues, according to the latest report from the settlement’s monitor.
MLS PIN, the state’s largest multiple listing service, plans to launch a public-facing search site next year.
The Consumer Financial Protection Bureau (CFPB) came to town last week, choosing Boston as the venue to unveil the final versions of its new mortgage application and closing forms.
Sue Hawkes has spent 35 years in the construction business, marketing every size and type of new development. She sat down with Banker & Tradesman to talk about Boston’s current building boom and the future of the local residential market.
Though the housing market has been in recovery for over a year now, in many markets across the country nobody seems to have told sellers. With persistently tight inventory plaguing the stronger markets, agents across the country report we may be in the middle of a new renaissance for the pocket listing.
The housing market continued to maintain its strength this fall, with pending sales up 17.1 percent in October compared with the same time last year, according to a new report from the Massachusetts Association of Realtors (MAR).
A Massachusetts Superior Court judge has handed the Mortgage Electronic Registration System (MERS) a clear victory, dismissing a court case brought by three Massachusetts counties which alleged the use of MERS allowed banks to unlawfully end-run around recording fees.
