Should seniors consider a reverse mortgage now? A reverse mortgage could be exactly the right tool at the right time. Or it could be an expensive mistake. | realestate.boston.com The post Should seniors consider a reverse mortgage now? appeared first on Boston.com Real Estate.
For Beach Towns the Make or Break Summer Starts Now The Wall Street Journal (reposted on Realtor.com) recently highlighted the plight of beach towns reopening for tourists in what they’re calling a “make or break” summer season. In particular, they looked at areas along the east coast from Ocean City to Cape Cod. Some owners
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Consumer Price Index Declines in April The U.S. Bureau of Labor Statistics is reporting that the Consumer Price Index for All Urban Consumers (CPI-U) declined 0.8% in April, which BLS says was the largest monthly decline since December, 2008. Interestingly, they do report that, overall, during the last 12 months, the all items index increased
Memorial Day 2020 Monday, May 25th is Memorial Day. For most Americans, even during our current pandemic, the three-day weekend will mark the unofficial start of summer. However, the solemn significance of the day is often forgotten. It is actually a national day of remembrance for those men & women who, while wearing the uniform
Home construction dropped nearly 44% in the Northeast in April Construction of single-family homes in the United States overall plummeted 25.4% to an annual rate of 650,000. The post Home construction dropped nearly 44% in the Northeast in April appeared first on Boston.com Real Estate.
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Housing Starts & Permits Drop Dramatically Due to Pandemic The U.S. government is reporting that privately‐owned housing starts in April were at a seasonally adjusted annual rate of 891k, which is 30.2% below March’s revised number. April’s rate for units in buildings with five units or more was 234k. Privately‐owned housing units authorized by building
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AAA Declines to Issue Memorial Day Travel Forecast – 1st time in 20 years For the past several years we’ve posted the annual AAA Memorial Day Travel forecast – the unofficial start of summer! However, under the current circumstances, and for the first time in 20 years, AAA will not be issuing a travel forecast
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Young are joining the rich fleeing America’s big cities for the suburbs While the wealthy have settled into their second homes, many young people are leaving expensive shoe-box apartments to shelter with their parents in the suburbs. | realestate.boston.com The post Young are joining the rich fleeing America’s big cities for the suburbs appeared first
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Foreclosure Activity Hits Historic Lows According to ATTOM Data, there were 4,148 U.S. properties with foreclosure filings in April, down 70% from March and down 75% from one year ago. That equates to one in every 9,639 properties receiving a foreclosure filing during April. ATTOM says this isn’t surprising since the federal government imposed a
US long-term mortgage rates ease (May 21) A year ago, the rate stood at 4.06%. Read more on the real estate market at realestate.boston.com. The post US long-term mortgage rates ease (May 21) appeared first on Boston.com Real Estate.