Residential Real Estate

Activists Offer Free Foreclosure Defense Clinics

Activists Offer Free Foreclosure Defense Clinics

The Massachusetts Alliance Against Predatory Lending is sponsoring free clinics to inform homeowners foreclosed in 2014 or earlier that they face a new deadline to file paperwork to preserve the 20-year window in which homeowners may contest a foreclosure.

US Housing Starts Drop; Permits Rise To One-Year High

US Housing Starts Drop; Permits Rise To One-Year High

U.S. homebuilding fell in January as the construction of multifamily housing projects dropped, but upward revisions to the prior month’s data and a jump in permits to a one-year high suggested the housing recovery remained on track.

Kinlin Grover Returns To Independent Brokerage

Kinlin Grover Returns To Independent Brokerage

Kinlin Grover Real Estate, a division of one of the nation’s largest privately owned residential real estate brokerages, The Randall Family of Cos., announced yesterday it is no longer part of a franchise and has returned to being an independent brokerage.

Mortgage Payments Take Up Biggest Share Of Income Since 2010

Mortgage Payments Take Up Biggest Share Of Income Since 2010

With interest rates and home values on the rise, the typical monthly mortgage payment now requires more of the average household income than it has anytime in the previous six years, according to a report released today by Zillow.

December 2016 Foreclosure Inventory Down 30 Percent From 2015

December 2016 Foreclosure Inventory Down 30 Percent From 2015

The nationwide fore closure inventory declined by 30 percent in December 2016 and completed foreclosures declined by 40 percent, compared to December 2015, according to a report released today by CoreLogic, a global property information and analytics firm.

Realty Kickbacks Prompt Penalties By CFPB

Realty Kickbacks Prompt Penalties By CFPB

If your real estate agent requires you to get a mortgage pre-approval from one specific lender as a condition of submitting an offer to buy a house – even if another lender already pre-approved you – would you think something is fishy?

Post-Election, CFPB Maintains Focus On Mortgage Kickbacks

Post-Election, CFPB Maintains Focus On Mortgage Kickbacks

So has President Donald Trump slowed CFPB enforcement activity? Not yet. In February we’ve already seen actions against a Virginia pawn shop, a New Jersey company scamming 9/11 and NFL concussion victims, and a $13 million action against Mastercard and UniRush.

NAR Reports National Housing Market Continued Its Recovery In 2016

NAR Reports National Housing Market Continued Its Recovery In 2016

The best quarterly sales pace of the year pushed available housing supply to record lows and caused price appreciation to slightly speed up in the final three months of 2016, according to the latest quarterly report by the National Association of Realtors. The report also revealed that sales prices in over half of measured markets since 2005 are now at or above their previous peak level.

Advocates Support Federal Bill Protecting Renters

Rep. Keith Ellison (D-MN) this week introduced legislation to permanently extend the Protecting Tenants at Foreclosure Act (PTFA), drawing praise from The National Housing Law Project, the National Law Center on Homelessness and Poverty and the National Low Income Housing Coalition.