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 make up the largest segment of American homebuyers, new research from the National Association of Realtors has concluded.
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.
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.
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.
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.
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?
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
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.
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.
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.
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 plans to triple the investment in its affordable homeownership initiative in 50 of its market areas, including Greater Boston.
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.
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.
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?
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.
Obtaining an affordable mortgage is an art, not a science – especially for first-time buyers – and is just as important as finding an affordable house.
Despite rising home prices and lagging wage growth, lenders can count on Millennials to be among the borrowers this spring, with more and more becoming first-time homebuyers thanks to down payment assistance programs.
An offer can easily disappear if a seller isn’t around to accept or counter it. If you are totally out-of-pocket for days at a time, your wannabe buyer might just move on.