Just Under 2% of all Mortgages in Foreclosure According to the Mortgage Bankers Association, as of Q3 2016, 1.55% of all mortgages nationwide were in some stage of foreclosure. States such as Florida and California saw foreclosures increase early in the crisis but they have fallen steadily since their peaks with foreclosure inventory rates down […]
Top Cities for Thanksgiving What are the best cities across America for Thanksgiving feasts? Home-finding site Trulia recently put that question to the test and came up with the three best cities in each U.S. region that are “truly the best places to induce the infamous Thanksgiving food coma.” To compile this list, they sifted
Mortgage Bankers See Increase in Originations The Mortgage Bankers Association predicts that it expects to see $ 1.10 trillion in purchase mortgage originations during 2017, an 11% increase from 2016. On the flip side, the MBA says that refinance originations will decrease by 40%. They attribute this to strong household formation, job growth, rising wages,
10 Year Battery Life Smoke Detectors Now Required For Older Homes New Smoke Detector Rules Go Into Effect On December 1, 2016 Catching many people by surprise, including me, a new change in Massachusetts smoke detector regulations will take effect Dec. 1. The new rules provide that when homes built before 1975 are sold, the house must be
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Vote Robert Jubinville for Governor’s Council I rarely get into politics on this Blog, but I have to make an exception for my colleague Attorney Robert Jubinville who is running for reelection for Governor’s Council in District 2 which covers Milton, Sharon and a good part of Metro South. The Governor’s Council is a little known
America’s Most Flipworthy Hotspots Realtor.com says that flipping is back and it’s better than ever! In fact they report (like many others) that the number of flipped properties is reaching levels not seen in a nearly decade. So, Realtor.com’s number-crunchers put their pencils to paper and identified the largest 100 markets by ratio of flips
Is Winter the Best Time to Buy SFR’s? Is winter the best time to buy single-families? According to a new report from HomeUnion, the winter “off-peak” season is the best time of the year to acquire single-family rentals (SFR’s). In fact, they found that investors pay 7.2% less per sq. ft. during the winter versus
Old Millennials Are Diving Into Homeownership Last month we learned about the 10 hottest markets for millennials. Combine that with the NAR’s latest Profile of Home Buyers & Sellers, where the median age of all first-time home buyers is 31 years old and you’ll see that “older” millennials (25-36 years old) are diving head-first into
Top 10 Cities for the Perfect Pub-Crawl Here’s a list you’ll want to see; National real estate brokerage RedFin set out to discover America’s best cities that were built for the perfect pub crawl. Using walking score data and locating a lot of bars/pubs, they determined the best route for hitting the most bars in
Housing Starts Hit 9-Year High – Jump 25%! The Commerce Department reported that privately-owned housing units authorized by building permits in October were at a seasonally adjusted annual rate of 1,229,000. This is 0.3% above September’s rate of 1,225,000 and is 4.6% above October 2015. Single-family authorizations in October were at a rate of 762k;