Political

Ed Augustus resigns as Massachusetts Housing and Livable Communities Secretary

Augustus played a key role in the implementation of the Affordable Homes Act — legislation that has kickstarted development of over 100,000 housing units in the Commonwealth.

Trump’s proposed ban on institutional home ownership raises more questions than answers

President Trump’s proposal to ban investment firms from buying single-family homes is unlikely to have a major impact on affordability, observers said.

Fed cuts rates again

The Federal Reserve trimmed its federal funds rate from 4% to 3.75% as it seeks maximum employment and inflation of 2%. 

The impact of the government shutdown on Massachusetts

Nationwide, the shutdown costs the country $400 million every day. But some states — particularly those with large shares of government employees and contractors — are feeling the brunt of that cost more than others.

Rent control could be on the Massachusetts ballot next year

A coalition of affordable-housing groups filed paperwork to put a rent-control referendum before Massachusetts voters next November. 

FHA cuts mortgage insurance premium, touts expected savings for homebuyers

Mortgage insurance premiums on loans backed by the Federal Housing Administration will drop from 0.85% to 0.55% beginning March 20. 

NAR sues DOJ after the department withdraws from antitrust settlement

The Justice Department’s original complaint against the National Association of Realtors, filed Nov. 19, 2020, alleges that the association enforced rules and policies that illegally hampered competition in residential real estate services.

U.S. Supreme Court decision makes it easier for brokers to market their business

Brokers may use their cell phones to make marketing calls and send marketing texts, if the cell phone does not have an app that will automate the dialing system.

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