News / Features
Mortgage markets have improved, but the inequities are still pronounced Black mortgage applicants in the Greater Boston area are denied at more than twice the rate of all applicants, according to new research from Zillow. All Applicants (2013) Black Applicants (2013)
In September, foreclosure inventory continued its rapid decline, falling 24.3 percent since the same time last year, a new CoreLogic report found. As a testament to the market’s recovery – and a more total economic recovery – since the
Coldwell Banker released their 2015 Home Listing Report, which details the highest and lowest average price for four-bedroom, two-bathroom houses in markets across the United States. Here are the top five most expensive areas in Massachusetts, along with the
First-time homebuyers continue to lose market share in today’s housing market First-time homebuyer share has dropped to its lowest level in 27 years, with just 32 percent of all existing-home sales going to first-time buyers in 2015. That was one
Roughly $7 billion in new construction is currently underway in Boston. There are 83 projects in the process of being constructed that span 25 neighborhoods, according to the Boston Redevelopment Authority. In Seaport, Downtown and Back Bay, $4 billion in
In 1855, the Gustav Mayer House was built by New York Militia commander David Ryers on Staten Island. The 7,700-square-foot, 10-bedroom mansion has had a few owners since then, and fell into disrepair after the infamous real-life subjects of
A new study from Bloomberg Business has rated Boston as the fifth-richest city in the U.S. The gross metropolitan product per resident in Boston, according to Bloomberg, was $74,746. Boston’s biotech industry has greatly impacted the city’s gross metropolitan product,
October was more of the same for the U.S. job market, but was it enough to sway Fed policy? The U.S. economy added 271,000 jobs in October and the unemployment rate held firm at 5.0 percent, according to the
According to the new Mortgage Applications Survey from the Mortgage Bankers Association, mortgage applications decreased 0.8 percent from the week prior. Refinancing activity decreased by 1 percent, while purchase mortgages rose by 20 percent. Refinancing comprised 59.5 percent of all
It’s been more than a month since the TILA-RESPA Integrated Disclosure (TRID) guidelines came into effect, and so far, the industry hasn’t devolved into total chaos. But that doesn’t mean lenders still aren’t worried. Financial services company Wolters Kluwer
The latest ranking in high schools provides further evidence of Boston’s prominence in education Greater Boston high schools are highly represented in Newsweek‘s “America’s Top Schools 2015,” with six schools ranking in the top 100 and 17 total amongst the top
In September, single-family home prices, including distressed sales, jumped 6.4 percent year-over-year, according to CoreLogic. For more than a year, national home prices have followed a steady, upward trajectory toward long-term stability. CoreLogic Chief Economist Sam Khater described the last 15
There’s been a lot of political posturing as of late, with partisan pundits and presidential candidates butting heads over everything from tax strategies to affordable housing, but one issue that, surprisingly, has remained largely left out of the conversation is
Fannie Mae opts to use database for those without credit score Fannie Mae will no longer require physical pay stubs and tax data to verify a borrowers’ ability to handle a loan, according to The Wall Street Journal. Instead, Fannie
Where is the affordability problem particularly pronounced in the city of Boston? Affordability is a common topic in Boston real estate circles, and for good reason. Whether it be new construction, modern living preferences or escalating demand, housing in Boston
As 2015 draws to a close, how has residential construction activity in Greater Boston compared with the previous year? Residential construction spending in Greater Boston totaled $309 million in September, according to new Dodge Data & Analytics numbers. That is 48 percent higher than
