Banks Could See Opportunity in HELOCs, Report Finds
Home equity lines of credit could be a major opportunity for lenders in coming years because many homeowners simply don’t know what they are.
NIMBYs Paralyze Housing Development
A relatively small group of NIMBY homeowners has paralyzed the housing market in the suburbs of Boston, choking off new construction and driving up prices and rents.
Millennials Raid Retirement Funds for Down Payments
The day we’ve all been waiting for has finally arrived: Millennials are starting to buy homes.
Sellers’ Price-Cutting Trend Could Be Good News for Buyers
You might be relaxing at the beach or in the mountains, but if you’re considering purchasing a home in the coming months, you should be aware of an important shift emerging in the market: price-cutting.
New Budget Holds Hidden Tax Benefits
Call it buried tax treasure for homeowners: Deep inside the behemoth 654-page bipartisan budget bill recently signed into law by President Donald Trump are little-noticed extensions of key tax-code benefits that expired in 2016, but now can be used for upcoming 2017 tax filings.
Entry-Level Homeowners Building Wealth Faster Than High End
Owners of starter homes across the country are gaining equity faster than other homeowners as demand for entry-level homes continues to grow faster than supply, according to a new report from Zillow.
Lawmakers Leave Insurance Discounts To Last Minute
Massachusetts drivers and homeowners risk losing out on millions of dollars’ worth of insurance coverage discounts if lawmakers end their two-decade tradition of regularly suspending a unique statutory requirement, according to an insurance trade group.
CoreLogic Reports Big Increases In Homeowner Equity Nationwide
U.S. homeowners with mortgages – roughly 63 percent of all homeowners – have collectively seen their equity increase 11.8 percent year over year a gain of $870.6 billion since the third quarter of 2016, according to a new home equity analysis from CoreLogic.
MassHousing Chief Stepping Down To Join UBS
The head of MassHousing is stepping down to join UBS, a global financial services firm.
Home Equity Loans Are Back In Style
An article posted on realtormag.com last week reports that more homeowners are tapping into their home equity. Loan originations rose 8 percent to almost $46 billion in the second quarter of 2017, the highest level since 2008, according to Equifax.
Federal Tax Reform Could Include Mortgage Interest Deduction Reduction
There’s a lot of talk in Washington about tax reform, but one of the most controversial components facing significant change is the mortgage interest deduction.
MID On The Chopping Block
After failing to make good on numerous campaign promises including, most dramatically, repealing and/or replacing the Affordable Care Act, the Trump administration has turned its attention to another touchy subject: tax reform.
CoreLogic Reports 1M US Borrowers Regained Equity In 2016
CoreLogic today released a new analysis showing that U.S. homeowners with mortgages (roughly 63 percent of all homeowners) saw their equity increase by a total of $783 billion in 2016, an increase of 11.7 percent.
