Freddie Mac Launches Down Payment Aid Navigator for Lenders
Just as the salary needed to afford the median-priced home in Greater Boston jumped nearly 23 percent, the new tool is intended to match borrowers to down payment assistance programs.
Berkshire Bank Launches Down Payment Assistance Program
Berkshire Bank announced last week it had started a down payment assistance program for first-time homebuyers struggling to overcome the region’s high home prices and high interest rates that look set to continue for some time.
Survey: 1 in 5 Millennials Don’t Think They Can Be Homeowners
A new poll suggests a huge swath of the biggest generation in America right now see huge barriers to achieving homeownership for themselves.
Help for Down Payments Available
The Build Back Better legislative package championed by President Joe Biden contains billions for down payment assistance. But rookie buyers don’t have to wait for Congress to act – if it ever does.
Millennials Now Dominate Buyer Pool, Report Finds
Millennials now make up the largest segment of American homebuyers, new research from the National Association of Realtors has concluded.
Why Consumers Will Love Zillow Even More in 2022
Zillow also announced a game-changing partnership with DownPaymentResource.com last month that will add down payment assistance information to each listing. Believe it or not, this can be a boon for a real estate agent’s business.
Can’t Boost Home Ownership Without More Homes
Boosting first-generation and first-time homebuyers has become popular among banks and politicians looking to boost their communities. But without commensurate effort to boost home building, these efforts will come to naught in the face of plenty of all-cash offers.
Why Boston Candidates, Banks Want to Boost Homeownership
From Boston’s mayoral race to the Biden administration’s Build Back Better agenda, boosting homeownership rates is being held up as the most important solution to reducing the wealth gap between white households and people of color.
Three Unique Ways to Target Your Marketing Dollars
Fall selling season is upon us. To maximize your production for the rest of 2021, carefully targeting how you spend your marketing dollars is crucial.
Key Tool for First-Time Buyers Sidelined in Hot Market
FHA loans are exploding in popularity. But their users – often Black and Latinx first-time buyers – can lose in multiple-offer situations. What can be done?
Legislature to Baker: Not So Fast on $1B in Housing Money
The House on Tuesday rejected Gov. Charlie Baker’s request to immediately spend $2.8 billion in federal COVID-19 relief money, including $1 billion on housing initiatives
Realtors Offer Legislators Insight into the Issues
This year on Realtor Day on Beacon Hill, the strength of our collective involvement will be on display via remote platforms as we head into what we hope is the home stretch of the COVID-19 pandemic.
Boston’s Next Mayor Must Put Words into Action
Dismantling the structures that perpetuate inequities for Bostonians should be a high priority for the next mayor. The reality is the future of the entire city of Boston depends on it.
Biden Should Pocket These Tax Ideas
Over the next few months, the White House is likely to propose two major tax changes that could impact the housing sector. These two ideas, however, should be chucked in the circular file.
More Support for First-Generation Homebuyers Will Help Close Homeownership Gaps
Homeownership rates among nonwhite Massachusetts residents are much lower than those of white families. This creates dire implications for generating wealth in communities of color.
Bank of America Pledges $15B for Homeownership Initiative
Bank of America plans to triple the investment in its affordable homeownership initiative in 50 of its market areas, including Greater Boston.
HarborOne Launches DEI Strategy with Workforce, Homebuying Focus
A major community bank on the South Shore says it will make buying a home in its home city of Brockton easier and launch an internship program in an effort to simultaneously diversify its ranks and attack the racial wealth gap.
MassHousing Creates True Change Agent
CATIC fully supports the courageous efforts of those who are conscientiously working every day to change our society for the better by standing up for equality, equity and justice for the African American community, writes its chief compliance officer, Robert Hogan.
Hot Marketing Campaigns for Today’s Market
As we head into the end of 2020 and plan for 2021, where can you market your business to obtain the highest return for your time and money?
The Average Mass. Homeowner is Hurting
Two state programs that funnel hundreds of millions in mortgages each year to low- and moderate-income buyers and homeowners across the Bay State are seeing a sharp rise in missed and late payments.
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