National News
Although it’s still far from its pre-recession peak, car transportation is up There has been a significant increase in the number of Americans driving, according to a report released by Doug Short of Advisor Perspectives. The report looked at the estimated
Downsizing is a natural progression in housing we’ve come to expect of older generations, such as the aging Baby Boomers, whose preference for high square footage is diminishing as their children leave the nest and retirement sets in. But
The economy continues to recover, but Americans’ finances are still stuck in the mud A surprisingly large share of Americans are in a precarious financial state, according to a new, detailed study from The Pew Charitable Trust. For its study,
A new report from the Federal Reserve states it clearly – there is no housing bubble With record-setting home prices and skyrocketing rents, today’s housing market may seem naggingly familiar, like this might have happened before. Could the current boom
According to NAR’s 2015 Profile of Home Buyers and Sellers, single women made up 15 percent of the overall homebuying market, as opposed to single men, who only made up 9 percent of the market. In 2013, single women
Americans want their Cuban property. Since the 1960s, when Castro first seized power, that wanting has been a symptom most convinced themselves to ignore, despite filing claims against the country. However, when representatives of Cuba and the United States meet
Despite adding jobs, November offered more of the same for America’s economy The U.S. economy added 211,000 jobs in November and the unemployment rate held steady at 5.0 percent, according to the latest report from the Bureau of Labor Statistics. November’s
The housing market continues to struggle despite an increase in high-quality mortgages Even though houses are selling at their fastest rate since 2007, sub-700 credit score buyers are still at the same level they were mid-2010. According to a
The Mortgage Bankers Association (MBA) announced that loan applications dropped 0.2 percent from last week, according to its Mortgage Applications Survey for the week ending on Nov. 27. The results included an adjustment for the Thanksgiving holiday; on an unadjusted basis, the
Many Millennials still live at home with their parents. Why? It’s a question that’s been plaguing the housing market since the economy started to recover – why are Millennials still living at home? Despite all indications that Millennials should
Spending per dollar of equity is at its lowest level since the mid ’90s. Home equity has doubled to $12.1 trillion since the market bottomed out in 2011. Builder confidence has remained strong, despite a small, recent slip. New home
There are roughly 1.118 million members of the National Association of Realtors, and they strike an impressive profile: Realtors’ median experience level is 12 years; their gross income is $45,800; 58 percent are female; and 42 percent have at
According to the National Association of Realtors, pending home sales were mostly unchanged in October, but shifted marginally higher after two straight months of declines. Gains in the Northeast and West were offset by declines in the Midwest and
Effective Jan. 1, the Federal Reserve will not be allowed to bail out failing companies. Members of the Fed board voted 5 to 0 in favor of restricting the policy. The new policy will restrict the Fed from lending to individual firms,
New home sales are hot, but what are the larger market trends? Sales of new single-family houses rose 10.7 percent from September to October and 4.9 percent from Oct. 2014 to a seasonally adjusted annual rate of 495,000, according
How have home prices progressed in the 2015 housing market? Home prices in the Boston housing market rose 0.1 percent from August to September and 4.8 percent from Sept. 2014, according to the new Case-Shiller Home Price Indices from Standard &