National News

Mortgage Applications Decrease as Interest Rates Fall

According to data from the Mortgage Bankers Association (MBA), mortgage applications deceased 2.6 percent from the prior week ending in Jan. 29, which included an adjustment for the Martin Luther King holiday. Mortgage Rates Are Decreasing According to the

The 3 Trends Shaping New Construction in 2016’s Market

These three trends illustrate where new construction is heading in 2016 Last week, the U.S. Census Bureau reported that new single-family home sales in 2015 totaled 501,000, a 14.5 percent increase over 2014 that brought new home sales to their

Pending Home Sales Rose by How Much?

December was a modest month for contract signings, according to NAR Pending home sales were mostly unchanged in December, but inched forward slightly, fueled by a large increase in the Northeast that outpaced declines in the other three major

Are First-Time Homebuyers Making a Comeback?

First-time homebuyers have been MIA for some time – are they poised for a comeback? The National Association of Realtors reported late last week that first-time homebuyers accounted for 32 percent of existing-home sales in December, which was up

CoreLogic: Distressed Sales Hit Lowest Nov. Since 2007

National distressed sales – including real-estate owned (REO) and short sales – fell 1.9 percentage points in November 2015, pushing the distressed share of total sales to its lowest November point since 2007, according to a new report from

These High-End Grocery Stores Boost Your Clients’ Home Values

According to a new analysis by Zillow, homes within a mile of either a Trader Joe’s or Whole Foods appreciate faster than other homes. Featured in the paperback edition of the real estate marketplace’s book titled, “Zillow Talk: Rewriting

Boston Price Growth Points to Opportunity

The latest Case-Shiller Indices offered numerable insights into the nation’s housing market Home price growth continues to moderate in the Boston housing market, according to the latest Case-Shiller Home Price Indices from Standard & Poor’s. The latest numbers, which track

Can You Believe It? TRID’s Impact on Markets is “Minor”

In December, existing-home sales re-found their footing, making up for the misstep in November. What did we learn? TRID was the cause of November’s slip, but it’s not a problem anymore. “Closing time metrics are showing minor effects of TRID,”

What the Consumers Don’t Know Will Hurt Them

Compared to a few years ago, the lending market is doing quite well. In fact, some institutions believe the progress of recovery is such that the market will be fully recovered by the end of this year. Now if

Are FICO Alternatives Becoming the Preferred Standard?

After years of heavy reliance on FICO scores, some lenders are now saying FICO’s view is too narrow, focusing too much on past behavior and not enough on consumers’ present circumstances. Alternative scoring systems have become a viable option,

Are Red or Blue States More Affordable for Consumers?

With the presidential primary just around the corner, ApartmentList.com recently analyzed Census data to see whether Republican- or Democratic-leaning states were more affordable for renters. While the study found that rents tend to be lower in inland states that are Rebublican-leaning,

Which National Homebuilder was Recognized as America’s Most Trusted?

According to Lifestory Research’s 2016 Home Builder Study, Taylor Morrison ranks highest in trust among national homebuilders. The study followed more than 100 builder brands in the top housing markets across the United States, and Lifestory Research accumulated 39,079

Does the Falling Stock Market Actually Help Homebuyers?

With how the chips have fallen, homebuyers may benefit from the falling stock market After the Federal Reserve raised interest rates in December, there was immediate concern over whether the increase would raise the costs of housing and harm

NAHB Predicts Strong Construction Activity in 2016

According to the National Association of Home Builders, an estimated 1.26 million housing starts are expected this year, 13.4 percent more from the last year. Single-family production is estimated to reach 849,000 units. That is an 18 percent increase

Good News for Luxury Agents – the Millionaire Population is Growing, and Fast

New research finds that millionaire ranks grew strongly in 2015 There were more than 133,000 millionaire households in the Greater Boston area through the middle of 2015, up 3.1 percent from the same period in 2014. Millionaire households now account for 7.2 percent of

The Top 20 Most Unsafe Passwords for Your Real Estate Business

SplashData, a security solutions provider, released their annual list of the most commonly used passwords on the Internet. Using any of the passwords can leave people at risk from hackers getting to their information. Since 2013, the two most

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