Massachusetts Home Buyer Guide

A federal fund used to support the Federal Housing Administration's (FHA) single-family mortgage and reverse mortgage insurance programs ended fiscal year 2012 with a $16.3 billion deficit, according to an annual report submitted to the United States Congress this month, Inman News reported November 16, 2012.

Massachusetts home sales continued to perform strong in 2012, with October single-family home sales increasing 21 percent compared to October 2011, The Warren Group, publisher of Banker & Tradesman, reported November 27, 2012.

New Hampshire home sales in October increased 26.3 percent compared to October 2011, SeacoastOnline reported November 24, 2012.

Saving money is never easy. After paying the mortgage, bills and having a little fun there isn't always a lot of money left over, but making a commitment to build an emergency fund is important for homeowners, and potential home buyers too, for a number of reasons.

The Warren Group, a Boston-based real estate tracker and publisher of Banker & Tradesman, acknowledged that its September foreclosure report contained errors, the Boston Business Journal reported November 12, 2012.

Commonly referred to as the P&S, the Massachusetts purchase and sale agreement is the primary document that sets out the terms and conditions of the real estate agreement between the buyer and the seller.

The pre-printed Realtor document in Massachusetts is titled "Standard Form Purchase and Sale Agreement," but home buyers shouldn't be misled by the description. The P&S isn't standard at all. In fact, every real estate transaction is unique. 

Pending home sales in Massachusetts soared in October, increasing nearly 36 percent compared to October 2011, The Massachusetts Association of REALTORS (MAR) reported November 12, 2012.