New and existing houses aren’t selling like they were prior to the pandemic. But people are still transacting.
In a sign homebuyers in other parts of the country the country may be recovering from the shock of the coronavirus, purchase mortgage applications increased for the second week in a row, according to the Mortgage Bankers Association.
Aspiring home buyers with medical debt are more likely than others to be denied a mortgage, while those with student loan debt more often put off buying.
A new study from the Harvard Joint Center for Housing Studies has found the large number of Millennials entering prime first-time homebuying age in recent years has not compensated for the decline in first-time homebuying caused by the smaller Generation X from 1997 to 2013.
Here are the Massachusetts Association of Realtors 2019-2020 legislative priorities that we advocated for at our 34th Annual Margaret C. Carlson Realtor Day on Beacon Hill on June 12.
First-time and move-up homebuyers with heavy debt loads, low credit scores and small down payments face a daunting new mortgage hurdle: The Federal Housing Administration is toughening its underwriting standards. Large numbers of applications could be turned down in the coming months as a result.