US Home Prices Continue to Rise in November
U.S. home prices are up both year over year and month over month, according to a report released today by global property information provider CoreLogic.
As Market Slows in Winter Months, Agents Bolster Sales Techniques
As the thermometer drops, the daylight wanes and the snow starts to fly in New England, real estate activity slows to a crawl. This year has been especially hectic and the temptation to hibernate is strong, but smart real estate agents use the down time to reinvest in themselves reinvest in
NAR Explains Trump’s Tax Plan Impact on Members and Clients
The National Association of Realtors (NAR) published a Tax Cuts and Jobs Act explainer for its members. It outlines the mostly negative, but also positive impacts the plan is expected to have on members and their clients. The explainer also highlights changes the NAR successfully lobbied for.
Lending Consultant Offers Clarity On CFPB’s HMDA Announcement
The Consumer Financial Protection Bureau issued a public statement last week announcing “that the bureau does not intend to require data resubmission unless data errors are material or assess penalties with respect to errors for data collected in 2018 and reported in 2019 under the Home Mortgage Disclosure Act.”
November Single-Family Home Sale Price Hits All-Time High
Massachusetts home sales surged last month, reaching the highest number of transactions recorded for November on record, according to a new report from The Warren Group, publisher of Banker & Tradesman.
FHFA Reinstates $3B Buffer To GSEs
The Federal Housing Finance Agency (FHFA) and the Department of the Treasury agreed last week to reinstate the $3 billion capital reserve each for both Fannie Mae and Freddie Mac.
Another Banner Year For The Real Estate Market
The numbers aren’t all in yet, but it seems safe to say 2017 was a good year for residential real estate in Massachusetts. Historically low inventory and interest rates translated to high prices and fast, strong sales numbers, pleasing most sellers and agents. Buyers, on the other hand, found high prices and stiff competition.
Interest Rates And Applications Fell Last Week
Mortgage applications decreased 4.9 percent from one week earlier, according to data from the Mortgage Bankers Association’s (MBA) Weekly Mortgage Applications Survey for the week ending December 15, 2017.
Freddie Mac Releases Upgraded, Improved Economic Outlook
The 2017 economic growth forecast increased one-tenth from the prior forecast to 2.5 percent due to the government’s upgraded third quarter GDP growth estimate and an expected solid fourth quarter finish, according to the Fannie Mae Economic & Strategic Research Group’s December 2017 Economic and Housing Outlook.
Buyers Made Larger Down Payments In 2017
The median down payment for single-family homes and condos purchased with financing in the third quarter rose to a record high, according to a new report.
Foundations Are Failing With No Recourse For Homeowners
The crumbling concrete foundations that have ruined the lives of hundreds of Connecticut homeowners and presented big problems for real estate agents there have also been found in Massachusetts, and the growing consensus is that there are more here than previously thought.
Milton Man Charged With Securities Fraud
Secretary of State William Galvin charged a Milton man with defrauding investors – many of whom were friends and acquaintances – by convincing them to loan him money in fraudulent house-flipping schemes.
First-Time Buyers Face High Hurdles To Homeownership In 2018
The number of first-time home buyers has declined in 2017 and so has the percentage of their down payments.
Redfin Offers Predictions For 2018 Real Estate Market
Next year’s housing market is will largely be defined by continued demand for homeownership, tax reform’s effect on affordability and low inventory, according to Redfin’s predictions for 2018.
Petite, Positive And Powerful
Adrianne Hanley was a professional figure skater, then an interior designer, before becoming a real estate agent a few years ago. Originally from South Africa, she became a U.S. citizen in November. She began her career on the South Shore, but is now branching out into the city
Move Aside, HELOCs: New Equity Access Programs Hit The Market
As single-family home values continue to soar across the commonwealth, homeowners are quickly building equity and borrowing against it.
Compass To Receive Largest RE Tech Investment In US History
Real estate technology and brokerage Compass will receive an investment of $450 million from SoftBank’s Vision Fund, the largest real estate technology investment in U.S. history.
Fannie Mae Study Finds Homeowners Increasingly Optimistic
The Fannie Mae Home Purchase Sentiment Index increased 2.6 points in November to 87.8, once again nearing its all-time high from September, according to Fannie Mae.
Home Prices Rise In Nation, MA; Experts Increase Predictions For 2018 Appreciation
October home sale prices were up nationwide both year-over-year and month-over-month, according to a new report released yesterday by CoreLogic, a global property information and analytics firm. Single-family home prices increased 7 percent between October 2016 and...
State Disciplines About Three Licensees A Month
The Massachusetts Division of Professional Licensure meted out 106 disciplinary actions between Jan. 1, 2015, and Oct. 17, 2017, according to the division’s records.
