Many homebuyers mistakenly think that MassHousing loans are only available to low-income first-time homebuyers in Massachusetts. Although there are income limits and loan limits, homebuyers are often surprised by how much a borrower can earn and borrow and still qualify.
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Topics:
Home-buying Tips,
Mortgages 101,
Loan Programs,
Video
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.
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Topics:
Home-buying Tips,
Video
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.
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Topics:
Home-buying Tips,
Mortgages 101,
Video
The following audio (set to video) is from an interview on June 4, 2015 on Boston Herald Radio's The Money Show with host Rick Shaffer. Rick Shaffer has hosted The Money Show on various Boston area radio stations for more than 20 years. Buyers Brokers Only, LLC's co-founder and co-owner Rich Rosa discussed the history of Buyers Brokers Only, LLC; the difference between a designated buyer agent and an exclusive buyer agent; the Greater Boston Area real estate market; the importance of retaining a real estate attorney; the pitfalls of attending open houses without a buyer agent and other home-buying tips. Listen to all of Rich's appearances on Boston Herald Radio.
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Topics:
Real Estate Market,
Home-buying Tips,
Real Estate Law,
Video
Boston has happy home buyers, while Las Vegas lacks reliable residents, according to a new study by WalletHub, a consumer finance website. The study looked at how the housing recovery affected consumers across the country. Having the right type of financing could set home buyers up for happy home ownership while risky mortgages could set families up for failure down the road. Metro areas with high equity values, low interest rates and strict lending practices show promise for a stable housing market recovery. The following 1:24-minute video is from USA Today.
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Topics:
Mortgages 101,
Mortgage Rates & News,
Video,
Boston
The following audio (set to video) is from an interview on February 27, 2015 on Boston Herald Radio's The Money Show with host Rick Shaffer. The Money Show has been on various Boston area radio stations for more than 20 years. Buyers Brokers Only, LLC's co-founder and co-owner Rich Rosa discussed the history of Buyers Brokers Only, LLC; the difference between a designated buyer agent and an exclusive buyer agent; the real estate market; mortgage programs; and other home buyer tips.
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Topics:
Real Estate Market,
Home-buying Tips,
Video
Global real estate investor Barry Sternlicht told CNBC on Thursday, February 19, 2015 that he disagreed with Nobel Prize-winning economist and Yale economics professor Robert Shiller, who predicted on February 18, 2015 that the home prices U.S. seem to have reached a peak for now [See videos below].
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Topics:
Real Estate Market,
Video
Higher mortgage interest rates over the past couple of months may have discouraged some home buyers from seeking a mortgage loan, but that doesn't mean lenders are just going to stand by make less money.
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Topics:
Mortgage Rates & News,
Video
NECN's This Week in Business segment on April 7, 2013 took a look at the Spring real estate market in the Greater Boston Area. This 10:42-minute video is a discussion of the real estate market with Tim Warren of The Warren Group, publisher of Banker & Tradesman, and Kimberly Allard-Moccia, President of the Massachusetts Association of Realtors.
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Topics:
Real Estate Market,
Massachusetts Home Prices,
Massachusetts Association of Realtors,
The Warren Group,
Video,
Boston
The following 9:26-minute video from WGBH News, from March 2013, discusses the lack of inventory in the Greater Boston real estate market and the situation facing Boston area home buyers.
A month later and the inventory situation hasn't changed much, with properties moving fast and bidding wars commonplace.
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Topics:
Real Estate Market,
Massachusetts Home Prices,
Video,
Boston
Will home warranty companies top the list of companies that receive the worst grades on Angie's List for a seventh straight year? Home warranty companies consistently perform poorly, according to Angie's List members.
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Topics:
Home-buying Tips,
Condominium,
Real Estate Misc.,
Video