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Mar 14, 2016 9:30:00 AM
Negative equity in homes across the United States is holding back the housing market and limiting real estate inventory, the Zillow Group reported March 9, 2016, but data show the percentage of homes in the Boston area underwater was only about half the national average.
Topics: Real Estate Market, Mortgage Rates & News, Boston, Boston Relocation
Mar 12, 2016 7:44:15 AM
U.S. mortgage purchase applications rose 4 percent last week to the highest level since January, and purchase applications are 30 percent higher than during the same time last year, according to the Mortgage Bankers Association.
Topics: Mortgage Rates & News
Mar 7, 2016 3:35:23 PM
The real estate industry has a lot of jargon that often is confusing to homebuyers. For example, it's not unusual for Massachusetts first-time homebuyers to confuse appraised value, assessed value and, most importantly, fair market value.
Topics: Home-buying Tips, Video
Mar 6, 2016 12:02:02 PM
Massachusetts foreclosure petitions increased for the 23rd straight month on a year-over-year basis in January 2016 and were at the highest number since January 2013, The Warren Group, publisher of Banker & Tradesman, reported March 1, 2016.
Topics: Real Estate Market, Foreclosure News, The Warren Group
Mar 4, 2016 10:00:00 AM
When you buy a single-family home or condominium in Massachusetts your mortgage lender will want to know whether the home you are buying is worth the amount of money you have agreed to pay the seller.
Topics: Home-buying Tips, Mortgages 101, Real Estate Misc.
Mar 4, 2016 9:30:00 AM
Newburyport is a beautiful seaside community full of cobblestone streets and architecture that predates America’s birth. The city, which was first settled in 1635, is one of the smallest cities in Massachusetts. Despite its size Newburyport is a central part of New England history and has a lot to offer its residents and homebuyers. It was once the center of maritime trade, shipbuilding and fishing and boasts connections to Paul Revere, William Lloyd Garrison and George Whitefield. Alongside a rich history, Newburyport offers its 17,000 residents a lively downtown of shops, restaurants and museums; a collection of relaxing parks, waterfront areas and wildlife reservations; and an active social schedule.
Topics: Community Information, Massachusetts Relocation, Newburyport MA
Feb 28, 2016 7:11:25 PM
Homebuyers that have less than a 20 percent down payment when purchasing a home might have to pay monthly private mortgage insurance, or PMI. It also is referred to as just mortgage insurance, or MI.
Topics: Home-buying Tips, Mortgages 101, Video
Feb 27, 2016 8:04:22 PM
A few months ago all the so-called mortgage experts and real estate pundits were convinced that interest rates for mortgage loans were going to start increasing in 2016, signaling the end of years of abnormally depressed borrowing costs. They predicted homebuyers were about to experience significantly increasing interest rates for the first time in years.
Topics: Mortgages 101, Mortgage Rates & News
Feb 25, 2016 7:03:34 AM
A real estate appraisal, sometimes referred to as a home appraisal, is an estimate of a property’s value. Property value is based on such factors as location, amenities, structural condition, square footage, number or bedrooms, number of bathrooms and recent sales of similar nearby properties.
Topics: Home-buying Tips, Mortgages 101, Real Estate Misc.
Feb 24, 2016 3:57:38 PM
Single-family home sales in Massachusetts increased more than 25 percent in January compared to January 2015, The Warren Group, publisher of Banker & Trademan, reported February 23, 2016.
Topics: Real Estate Market, Massachusetts Home Prices, Massachusetts Association of Realtors, The Warren Group
Feb 20, 2016 10:11:45 AM
A Closing Disclosure is a five-page form that provides the final details about the mortgage loan you have selected. It includes the loan terms, your projected monthly payments, and how much you will pay in fees and other costs to get your mortgage (closing costs).
Topics: Home-buying Tips, Mortgages 101
Feb 15, 2016 7:00:27 AM
The number of Massachusetts single-family home sales pending in January 2016 increased 39.7 percent to 3,914 compared to 2,802 pending sales in January 2015, according to data compiled by the Massachusetts Association of Realtors (MAR).
Topics: Real Estate Market, Massachusetts Association of Realtors
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