Some Buyers, Sellers Soldier On
New and existing houses aren’t selling like they were prior to the pandemic. But people are still transacting.
Purchase Mortgage Applications Tick Up as COVID-19 Restrictions Ease
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.
Study Finds Medical, Not Student Debt Bigger Cause of Mortgage Denials
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.
First-Time Homebuying Not Yet Rebounded to Pre-Crisis Levels, Study Finds
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.
This is ‘Who we R®’
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.
New FHA Mortgage Standards Could Shut Out Some Buyers
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.
This Week’s Newspaper
