News

Money-saving real estate business models — time for a mass movement? Few people in the real estate industry know this month marks the 16th anniversary of the first convention for fee-for-service real estate agents. For consumers, the agenda for that two-day event is less important than the availability of local money-savings options and the track […]

Understanding New PPP Rules Benefiting Sole Proprietors On a recent episode of Real Estate News for Investors, Kathy Fettke reminds listeners that the deadline to sign up for the Paycheck Protection Program is June 30th and that there are some important recent changes that benefit independent contractors and sole proprietors.  These changes include more lenient

Long-term US mortgage rates remain at historic lows Economic uncertainty over spiking coronavirus cases may keep mortgage rates down a while, some experts said. The post Long-term US mortgage rates remain at historic lows appeared first on Boston.com Real Estate.

Yardi Says Rent Growth Trending Down According to the latest Yardi Matrix Multifmaily Report, the average U.S. rent in May was $ 1,460, down $ 5 from April.  In addition, they point out that rents increased 0.8% year-over-year but were down $ 5 from April and $ 13 from March.  Yardi says this rapid decline

Clauses that discriminate against races still exist on some Massachusetts home deeds Some residents may be entirely unaware of a racial covenant’s existence on their deed, especially if their home is older. The post Clauses that discriminate against races still exist on some Massachusetts home deeds appeared first on Boston.com Real Estate.

June Mortgage Demand Spikes to 11-Year High CNBC’s Diana Olick says buyers are rushing back into the housing market, enticed by record low mortgage rates and a pandemic-induced need to nest like never before.   Citing data from the Mortage Bankers Association she also reported that Mortgage applications rose 4% last week from the previous week

Top 10 Zip Codes with Highest Home Flipping Profits According to ATTOM Data’s latest U.S. Home Flipping Report, home flipping nationwide increased to a 14-year high in Q1 of 2020, while returns dropped to a nine-year low.  ATTOM says there were 53,705 single-family homes & condos flipped in Q1, representing 7.5% of all home sales

Existing-home sales in the Northeast plummeted in May The NAR’s chief economist says May could turn out to be the bottom for the housing market. The post Existing-home sales in the Northeast plummeted in May appeared first on Boston.com Real Estate.

Housing Starts & Permits Rebound in May The U.S. government is reporting that privately‐owned housing starts in May were at a seasonally adjusted annual rate of 974k, which is 4.3% higher than April’s revised number.  May’s rate for units in buildings with five units or more was 291k.  Privately‐owned housing units authorized by building permits

This Lenox Great Estate has hit the market for .9 million. Take a look inside. Built in 1927, it measures 11,7048 square feet and offers 26 rooms, including 13 bedrooms and 10.5 bathrooms. The post This Lenox Great Estate has hit the market for $ 5.9 million. Take a look inside. appeared first on Boston.com