National News

The 4 reasons that Boston renters are not buying homes

Both economic and personal concerns are stopping renters from buying homes, according to the latest Housing Opportunities and Market Experience (HOME) survey from NAR. Conducted on a quarterly basis, the HOME survey polled Americans about their confidence in the

Are we in a bubble? Yes, no and maybe

In Jan. 2005, Alan Reynolds, a senior fellow at the Cato Institute, said that it would be “financially foolhardy” to listen to “housing bubble worrywarts.” A few months later, Jude Wanniski, a former adviser to President Ronald Reagan, authored

Real estate industry undergoes dramatic change in public opinion

The American public views the real estate industry more positively than at any time in the last decade, according to new research from Gallup. Based on its annual polling of public sentiment, Gallup found that 44 percent of Americans

A year after TRID: Why some lenders still disapprove, and most borrowers don’t

When TRID came into effect in Oct. 2015, the big fear was a consumer-facing one. “TRID is going to delay loan closings,” the industry said. But it hasn’t – at least not for the majority. In Ellie Mae’s most

Why FICO is facing challenges – and how the mortgage landscape could change

In use for more than 25 years and the preferred credit scoring system for 90 percent of top lenders, the FICO Score has long been the dominant metric of creditworthiness for auto lending, credit card decisioning and, of course,

Why 1 in 5 buyers say they’d purchase a home without seeing it in person

Last year, one in five homebuyers purchased a property sight unseen. According to a new survey from Redfin, that number is holding true this year, as well. This may be a trend agents should follow. Crissy Dyer is a

HARP gets extension and FHFA announces new refinancing offering

The Home Affordable Refinance Program will not expire at the end of this year, as previously thought. The Federal Housing Finance Agency says it will continue through Sept. 2017. FHFA’s announcement comes alongside news that Fannie Mae and Freddie

The smart home gap: An opportunity for sellers

Many buyers want their homes to be outfitted with smart technology, but most homes don’t have it, according to a consumer survey from The Demand Institute. It’s an opportunity for sellers. Seventy-three percent of consumers agreed that having home automation

Pending home sales rise to second-highest level since 2006

July marked the second highest reading in over a decade for pending home sales, with the Midwest being the only area to see a decline in contract activity during the month. The Pending home Sales Index (PHSI), which tracks the

Boston home prices continue strong growth in new Case-Shiller

The Greater Boston housing market continued its strong pace in the most recent Case-Shiller Home Price Indices, which covered home prices through June. Per S&P’s computations, home prices in Greater Boston rose 0.6 percent from May to June and 4.7 percent from

Home start gains projected into 2018

There aren’t enough homes, and that’s a problem in multiple markets. But it might not be for too much longer. “As most real estate professionals know, housing costs are still climbing,” National Association of Realtors Chief Economist Lawrence Yun wrote

Are McMansions finally going the way of the dinosaurs?

McMansions – the mass-produced, over-the-top, poorly appreciating eyesores that became the poster children of the housing bubble – seemed to be on the way out. Average and median home size had fallen considerably during the market downturn, as builders trimmed their ambitions

Trump on housing: ‘A home builder taught me everything I know’

Donald Trump spoke to the National Association of Home Builders this month, and it turned out to be one of the most important speeches of his campaign: it was about housing. He reminisced about what it was like growing

4 things to know about multigenerational households

Multigenerational households – those that include two or more adult generations, or grandparent and grandchildren – are at an all-time high in the U.S., according to a new Pew Research Center analysis. Based on census data through 2014, Pew

Fair housing to help guide Clinton-Kaine housing policy

Tim Kaine believes he and Hillary Clinton can change the housing industry. “A house is more than just a place to sleep,” the Virginia senator and Democratic vice presidential nominee wrote in his “How to make housing fair in

To sell or remodel: Homeowners choose…

In June, the nation’s housing inventory fell. It’s now at a 4.6-months supply. It’s a trend defining several metropolitan markets throughout the country. A report from John Burns Real Estate Consulting recently explained, at least in part, what may

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