Mass. Homebuyers Are Gaining Power. Inspection Law Could Boost It
A new state law effectively banning the waiver of home inspections comes after power in the Massachusetts home-sales market spent much of the year ebbing away from sellers.
Shant Banosian Is Rate’s New President, But He’ll Still Lead His Team
Banosian originated over $1 billion in mortgage volume last year, mostly in Massachusetts, making him the top loan officer in the country.
Who’s Still Buying Homes in Mass.?
The net result of today’s market conditions: more affluent buyers, young and old, are now dominating the real estate market across the Bay State.
The type of buyers of single-family houses and condominiums in Massachusetts still fall into four main categories: first-time buyers, trade-up buyers, downsizing buyers and “everybody else.” But within those major categories are major shifts about who’s buying or not buying.
Experts Say April Home Price Slips Aren’t Sign of Trouble
A new report out Tuesday shows surprising and potentially worrisome data points: single-digit percentage declines in the statewide and Greater Boston median home sale prices.
Brokers Look Beyond Acquisitions to Boost Revenue
The chilly wind blowing through the Massachusetts housing market this fall has pushed brokers to launch a range of initiatives aimed at helping their agents survive and thrive in 2023.
Top Mass. LOs Busy in Booming Market
Last year was one of the busiest on record for the state’s loan originators. So, who came out ahead in the $127.2 billion market? Banker & Tradesman has analyzed the results and identified the top loan originators in Massachusetts.
Guaranteed Rate’s Banosian Hits $1B in Loans
Boston-based Guaranteed Rate loan originator Shant Banosian has originated $1 billion in loans nationwide this year, the company said, citing internal data that runs through June 15.
Top LOs Grappled with Red-Hot Purchase Market
The pandemic challenged loan originators to find ways to meet the rapidly changing needs of consumers and the real estate industry. And a select few rode this wave to the top of their industry.
How Loan Originators Harnessed Record Rates
Loan originators who have focused on maintaining relationships with and acting as advisers for their customers have been able to take advantage of the low-rate environment.
Pandemic Puts FHA Lending in Flux
With lower down payment and credit requirements compared to other mortgages, FHA loans have been a key resource for first-time homebuyers. But during the economic crisis caused by the coronavirus pandemic, investors have raised their criteria for purchasing these loans.
Local Lenders Don’t Fear Zillow
While online real estate giant Zillow’s foray into mortgage lending might seem scary initially, it is unlikely to have too much of a detrimental impact on local, more personalized lenders, those same lenders say.
Mortgage Applications Climb As Rates Drop
Mortgage rates dropped into the low 4 percent/high 3 percent range last week and applications ticked up as a result, according to the Mortgage Bankers Association’s latest report.
