Residential Real Estate

Sold In A Day (After Six Months Of Work)

Sold In A Day (After Six Months Of Work)

A cursory glance at the sales data for Massachusetts’ top selling residential property during the last week of May is impressive. Michael Carucci listed and sold 150 Heath St. in Brookline for $7.5 million in a single day. Fast, easy money, right?

Preparation Underway For HMDA Changes

In the wake of the Consumer Finance Protection Bureau’s (CFPB) recent $1.75 million civil penalty against Nationstar Mortgage for Home Mortgage Disclosure Act (HMDA) violations, mortgage lenders are well-advised to prepare for the changes in HMDA reporting requirements that take effect in less than six months.

GeoHome: Entry Level Market Sizzles While Top Tier Cools

GeoHome: Entry Level Market Sizzles While Top Tier Cools

The market tightness index, calculated from data including list price, sale price and time on market, not only measures a seller’s bargaining power, but also has a short-term house price predictive power. In other words, tracking the ups and downs of market tightness can help predict the trend of price in the following one to eight quarters.

Mortgage Delinquencies Decline In March

Mortgage Delinquencies Decline In March

In March 2017, 4.4 percent of mortgages were delinquent by at least 30 days or more including those in foreclosure, down 0.8 percent from March 2016, according to a report released from CoreLogic, a property information firm.

Survey Says It’s A Sellers’ Market

Survey Says It’s A Sellers’ Market

The share of Americans who think now is a good time to buy fell 8 percent to a record low 27 percent last month, according to the Fannie Mae Home Purchase Sentiment Index for May. The percentage of those who say now is a good time to sell increased 6 percent to 32 percent, a record high.

MAR Headed To Beacon Hill To Promote Housing Initiatives

MAR Headed To Beacon Hill To Promote Housing Initiatives

The Massachusetts Association of Realtors is heading to the Statehouse this week to promote its agenda aimed at increasing real estate sales across the state. There are seven items on the agenda ranging from statewide zoning reform to opposing real estate transfer taxes, but not everyone is on board with the association’s proposals.