National News

Negative Equity in Boston Plummets by 56.6%

The negative equity situation in Boston has improved markedly, according to new research by Zillow. Here is some encouraging news for you to end the week with – here in the Boston area, the share of mortgage properties in negative equity

Homeowners Facing Thousands in Tax Bills if Spending Legislation Fails

Spending package offers prolonged mortgage debt relief but faces uphill battle.   As is their recent tradition, Congress is continuing to squabble following the sweeping Republican victories in the midterm elections, and it may lead to thousands of Americans

Special Report: ‘Builder Confidence’ Numbers Still Inconsistent With Construction Numbers

Builder confidence remains high while home construction continues to trod along – what gives? Builder confidence this month fell just one point, according to the latest Housing Market Index from the National Association of Home Builders. Finishing up 2014

Bad News For Millennial Homeownership – Young American Wages are Plummeting

We all want to think that an explosion is pending in Millennial homeownership, but the numbers to justify that are hardly cooperating. The last few months, we’ve reported consistently that the big problem facing housing (as well as the

5 Things to Consider About the ‘Disappointing’ New Construction Report

The headlines have been merciless regarding the latest new construction report, but was it truly that bad? We’ve seen the headlines too, and on the surface, they’re not pretty – per the latest numbers from the Census Bureau, housing

Mortgages in Boston Much More Affordable That Rents in 2014

Everyone knows that mortgages and rents have ran in opposing directions, but the numbers are still jaw-dropping. For some time, we’ve been hearing two independent narratives in housing: one, that mortgage rates and payments were at an all-time low;

6 Important Home Seller Trends That You Should Know

What should you know about home sellers, heading into the 2015 housing market? Our last few stories on NAR’s 2014 Profile of Home Buyers and Sellers has focused on the buyer-side of the equation, but now we’re finally taking

Middlesex/Suffolk Counties Less Affordable Than Historic Averages

Yet another round of analysis suggests that housing affordability continues to fall by the wayside in the Boston area. As if we didn’t already have enough indicators on the housing affordability crisis here in Boston, here comes perhaps the most

Google Ready To Tell Readers Your Website Isn’t “Mobile-Friendly”

Google announces intentions to begin labeling websites as “mobile-friendly.” By the end of 2014, eMarketer predicts that upwards of 4.55 billion people will own a mobile phone, and 1.75 billion of those will be smartphones. Ostensibly, that means by

Did Mortgage Lending Just Get Easier?

With Fannie and Freddie’s new mortgage rules coming into effect, the industry questions the impact they’ll truly have. Earlier this month, new lending guidelines previously announced by Fannie Mae and Freddie Mac came into effect, and now the industry

Could Slowing Asking Prices in Boston Benefit its Market?

What’s the deal with asking prices in our metro area? Asking prices in the Boston area remained positive in November, though they seem to be showing signs of slowing down, according to the newly released Price Monitor from Trulia. Per Trulia’s

The Jobs Report: 6 Good Things (and 2 Bad Things) For Housing

The latest government jobs report was highly encouraging for the economy – and, as a result, for the housing market. Good news alert! The government’s latest jobs report came out last week, and it was a very encouraging one

Foreclosures Remain Low in the Bay State

Foreclosures are being completed at dramatic rates…and why that might not be so good. The newest foreclosure report from CoreLogic highlights the nation’s continued efforts to push through new and long pending foreclosures, but the robust pace of completion

Move, Inc. Files Lawsuit Against Former VP of Product Marketing

Move, Inc., the company that oversees NAR’s realtor.com website, has filed a lawsuit against Curt Beardsley, a former VP of product marketing who, earlier this year, left Move for a new position at competing syndication site Zillow. This marks the

What Income Does Your Client Need to Qualify for a Mortgage in Boston?

At the end of the day, how much income do consumers need to qualify for certain mortgages in our housing market? In our most recent analysis of housing affordability, we looked at what percentage of our housing market’s inventory

Multifamily/Single-Family Construction Post Sizable 2014 Increases

Though overall construction is mostly flat from last year, both single family and multifamily are putting up some encouraging numbers. Residential construction spending was up just 1.3 percent from September to October and 1.8 percent from Oct. 2013, rising

Oops! We could not locate your form.