Loan Comp Rule Constrains Lenders
Halloween was a couple weeks ago, but the unburied ghosts of the mortgage boom may still be rising from their graves to plague the mortgage industry – in the form of loan originator compensation rules.
Zillow: Boston Metro Market Speeds Up This Fall
A new survey from Zillow that examined the days on market for listings on the site found Boston listings selling over a week quicker than at this time last year, with days on the site down from 107 in September 2012 to 99 in September 2013.
Boston Construction Boom May Prove Sustainable
The Boston construction boom may yet prove sustainable, panelists at a presentation on the rise of residential construction in the city sponsored by NAIOP, the commercial real estate development association, said this morning.
Housing Bill Nixes Controversial Amendments
Christmas may have come early for the Bay State’s affordable housing sector. Last week, the Legislature passed a $1.4 billion housing bond bill, which will provide fresh funding for a variety of programs that incentivize the construction of affordable housing for low-income families, renovate the state’s public housing units and provide specialized housing for other groups in need of support, including the disabled and homeless veterans.
Dearly Departed Disclosures
The economics professor and blogger Tyler Cowen has a series of posts on how there’s Markets In Everything. This here blog might have to launch a similar feature on how there’s Real Estate Search Sites for Everything. Plenty of sites will tell you how to...MBA: Purchase Mortgage Applications Drop To New Lows
Mortgage applications decreased 7 percent last week, with purchase mortgage applications declining to their lowest level since December 2012, according to data from the Mortgage Bankers Association’s (MBA) weekly mortgage applications survey.
NAR: Most U.S. Cities Show Strong Annual Home-Price Growth In Q3
The majority of the country’s metropolitan areas experienced robust year-over-year home-price gains in the third quarter, with the national median price showing the strongest annual growth in nearly eight years, according to the latest quarterly report by the National Association of Realtors.
New SEC Rule Means Real Estate Crowdfunding
Can the Security and Exchange Commission’s new crowdfunding rules prove a boon for real estate?
Raising The Bar For Women In Real Estate
Somehow, while following her lifelong dream of becoming an attorney, Julie Palmaccio got bit by the real estate bug – and she’s managed to combine the two, practicing as a real estate attorney while also helping to lead the Women’s Council of Realtors.
Federal Budget Conflict Causes Cuts, Uncertainty For Mass. Affordable Housing Agencies
Local housing agencies are struggling to deal with federal budget uncertainties, affordable housing advocates said this morning at a meeting on the impact of sequestration hosted at the State House by the Citizens’ Housing and Planning Association.
Bidding Wars Linger As Buyers Continue To Surface
With the leaves falling from the trees and the year winding to a close, the newly reinvigorated housing market may be pausing for a breath in most of the country – but Massachusetts still seems to be pumping away.
Clarion Partners Buys Brookline Office Building For $121M
Clarion Partners, a New York-based real estate investment management firm, has acquired 10 Brookline Place in Brookline for $121 million.
LPS: Delinquencies Increase In September, Number Of Loans In Foreclosure Lowest Since 2009
Mortgage delinquency rates increased in September, even as the percentage of loans in foreclosure declined to its lowest level since February 2009, according to a new “First Look” report from real estate data and analytics provider Lender Processing Services (LPS).
Freddie Mac: Slowing Housing Recovery, Government Shutdown Will Drag Down Growth
Rising interest rates are already slowing the economic rebound and weighing on housing markets and the extended government shutdown won’t help, according to a new economic forecast from government-backed mortgage entity Freddie Mac.
First Closings At Millennium Place Hit Target
The first public record of sales at the new Millennium Place luxury condo development in downtown Boston have emerged, with most hitting their listing price.
War Brewing Over Listings
Brewing tensions between some of the country’s biggest brokers and the nation’s 900-odd multiple listing services (MLSs) may create a schism that could shake up the entire real estate industry.
MBA: Government Shutdown Driving Plunge In Purchase Mortgage Applications
The government shutdown appears to be driving a decline in purchase mortgage applications, according to the latest weekly survey from the Mortgage Bankers Association.
Walsh, Connolly Both Want BRA Reform, But Different On Development Priorities
Boston’s two mayoral candidates strove to prove their growth-friendly bona fides before an attentive audience of developers, architects and non-profit executives at an Urban Land Institute forum this morning.
Ambitious Housing Plan Might Be One Tall Order
Like a potter at the wheel, Mayor Thomas Menino’s guiding hand has been shaping the Boston skyline for past twenty years. And now that his tenure is drawing to a close, he’s decided on one final flourish, with the announcement a few weeks ago of a plan to build 30,000 new units of housing in the city before 2020.
The Millennial Realtor
Ross Verbiyan certainly knows how to keep busy. At the age of 21, he’s combining an active career as a real estate agent with the life of a full time student (he graduates from Suffolk University next May). He also runs his own florist shop in Boston’s Back Bay. He sat down with Banker & Tradesman to describe how his early exposure to the industry – his father is a real estate developer based in Newton – ignited a passion for real estate.
