Boston Homeownership Rate Below National Average
As the homeownership population across the United States has stopped growing, Boston’s rate is below the national average, according to a new report from Redfin.
Webster Bank Launches First Special Purpose Credit Program
Webster Bank launched its first special purpose credit program Tuesday, which is aimed at helping low- to moderate-income first-time homebuyers who might not be qualify for traditional home loans.
Deed-Restricted Condos Are a Missed Opportunity
At first glance, deed-restricted affordable condominiums seem like a strong policy tool to address the housing shortage. But the current structures governing these units locks their owners out of generational wealth – and even the ability to finance their purchase.
Suit Against Mass. MLS Would Damage Many for Little Benefit
Massachusetts’ main multiple listings service is the target of a class action lawsuit claiming the longstanding buyer-broker commission rule is driving up home prices.
New Report Highlights Mass. Latinos’ Housing, Economic Struggles
While the diverse Latino population in Massachusetts continues to struggle through the pre-pandemic issues of reduced educational and economic opportunity, and health care disparities, there is a reason for optimism, according to a new report released Wednesday.
Symone Crawford Named MAHA’s Next Leader
The Massachusetts Affordable Housing Alliance has named Symone Crawford its next executive director.
Homeownership a High Priority for Boston-Area Millennials
Sixty-eight percent of local Millennials said owning a home is a top priority, according to Bank of America’s recent Homebuyer Insights Report.
Millennials Use Retirement Funds for Down Payments
Nearly 30 percent of Millennials are tapping into their retirement savings for down payments, according to a new report from Down Payment Resource.
MassHousing’s Mortgage Product Aids Families in Path to Homeownership
As MassHousing watched the economy swing back into high gear, we witnessed first-hand the impact on the housing market.
MassHousing to Offer New Down Payment Assistance Program
MassHousing launched a new down payment assistance program that will allow qualified first-time homebuyers to finance up to 100 percent of the purchase price.
Coalition Reports on Homeownership Education in Four Test Markets
A coalition of real estate trade associations and nonprofit housing counseling providers released its findings on steps that can be taken to increase the utilization of nationwide homeownership education and housing counseling services.
Realtor.com Releases ‘State of the Housing Union’
President Donald Trump’s State of the Union address is scheduled for tomorrow, but realtor.com tried to steal a little of the President’s thunder by releasing its own ‘State of the Housing Union.’
ONE Mortgages Succeed With Black And Latino Borrowers
ONE mortgages have done an outstanding job of helping black and Latino borrowers in Massachusetts purchase their first home, but it is also becoming less effective as area home values rise, according to recently released Data from the Massachusetts Housing Partnership of Home Mortgage Disclosure Act data.
NAR Concerned About Senate Tax Bill
The National Association of Realtors came out strongly against the tax cut bill passed by the Senate this weekend, saying it “puts home values at risk and dramatically undercuts the incentive to own a home.”
Worsening Affordability Costs Renters $2K Per Year
Younger generations want to buy homes, and some still hold traditional views on the value of homeownership.
NAR: Proposed Tax Reform ‘Takes Money Straight From Homeowners Pockets’
The National Association of Realtors came out strongly against the House of Representatives’ proposal to overhaul the tax code yesterday.
Gutting The MID Harms Homebuyers
The mortgage interest deduction is the tax break all the smarty-pants love to hate, especially economists. It’s a big subsidy for wealthy homeowners and it doesn’t do much to encourage homeownership, they say.
Millennials Opt For Personal Loans At Higher Rates Than Previous Generations
The explosion of fintech has credit cards declining and personal loans trending.
We Didn’t Start The Fire
Have you heard? According to media reports, the Millennials are responsible for the death of pretty much everything. Wine corks, napkins, the American Dream, the beer industry, homeownership – it’s a pretty long list.
Boomers To Blame For Ownership Inequity
The American Dream of homeownership is on life support, and who’s to blame? Certainly not the Greatest Generation, which beat the Depression, trounced the Nazis and built the suburbs.
