News / Features
The statistics are hardly encouraging: student debt has more than tripled in the last 10 years; its serious delinquency rate is higher than any other form of debt, including mortgages and credit cards; it now totals $1.37 trillion, and
Boston is already among the three most walkable cities in the U.S., and new research finds that Beantown’s current construction boom will only boost the city’s walkability further. According to a report from Redfin, a whopping 85 percent of
Cambridge was Greater Boston’s top luxury housing market in the second quarter, according to new research from Redfin. Within Cambridge’s luxury market, the average sales price was $3.703 million in Q2, a 53.8 percent increase over Q2 2015; that dwarfed the
There are four major fears keeping Millennials from buying a home, according to a recent survey from NerdWallet: the fear of committing to a partner; the fear of inevitable home repairs; the fear of not having money for other
Realtor.com and Yelp have partnered to give consumers easier access to neighborhood trend data – and agents could benefit. “Deciding on a potential neighborhood is often the first step in the home buying process,” says Ryan O’Hara, chief executive officer
The Boston luxury housing market is among the top-performing in the nation, according to a new analysis from Redfin. In 2016’s second quarter, the average sales price for luxury housing in Boston was $3.556 million, a 15.7 percent increase over last
JD Power today named its annual home buyer/seller satisfaction award recipients, and in all four real estate consumer categories – first-time buyers, first-time sellers, repeat buyers, repeat sellers – Century 21 was the top pick; though, the brokerage tied once with
By 2100, one in five Boston homes, nearly 22,000 homes, could be underwater, according to a new study. The paper, authored by professors Robert Deconto, of the University of Massachusetts, and David Pollard, a senior scientist with Pennsylvania State
Fannie Mae introduced its HomeReady mortgage last year as an inexpensive lending option that allows borrowers to come in with as little as 3 percent down. Now it’s making “enhancements” to that option, and that could mean more affordable financing
President Obama recently signed into law the Housing Opportunity Through Modernization Act of 2016, a bipartisan bill loaded with fixes to existing HUD programs. In February, the bill, which amended the U.S. Housing Act of 1937 (among other HUD-modifying
On June 23, 2016, citizens of the United Kingdom voted to leave the European Union. In the wake of the decision, the British pound fell to a 31-year low against the U.S. dollar, the euro dropped one percent, and U.S.
Americans are deeply pessimistic about economic mobility. By an overwhelming margin, they believe it is harder today to secure a middle-class lifestyle than it was for past generations. And a large majority continue to see the housing market in
The Consumer Financial Protection Bureau today proposed new updates to TRID intended to formalize guidance in the rule, and provide clarity and certainty. The point is to help facilitate compliance within the mortgage industry. “The Bureau’s rules are designed
Home sellers in the Greater Boston housing market have seen some of the most modest returns in the nation, according to the Q2 2016 U.S. Home Sales Report from RealtyTrac. Basing its analysis on publicly recorded sales deeds from more than 900 counties
By the end of 2016, the Department of Energy estimates 1 million homes will be equipped with a solar energy system. And still there is no definitive way to value those systems in appraisals. A new report from the
At 75 million strong, the Baby Boomer generation comprises just over a quarter of the U.S. population, and as such, it wields considerable sway on the direction of the country’s economy – particularly in the area of housing. Indeed,
