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Housing Scene

A Banker & Tradesman Residential Real Estate Blog
Home Equity Loans Are Back In Style

Home Equity Loans Are Back In Style

By Jim Morrison | Banker & Tradesman Staff | Sep 13, 2017 | Reprints

An article posted on realtormag.com last week reports that more homeowners are tapping into their home equity. Loan originations rose 8 percent to almost $46 billion in the second quarter of 2017, the highest level since 2008, according to Equifax.

Robots Want Your Job

Robots Want Your Job

By Jim Morrison | Banker & Tradesman Staff | Aug 4, 2017 | Reprints

There are legions of brilliant and well-funded engineers working hard at this very moment to invent robots that will take over your job. Mine too.

Sold In A Day (After Six Months Of Work)

Sold In A Day (After Six Months Of Work)

By Jim Morrison | Banker & Tradesman Staff | Jun 23, 2017 | Reprints

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?

GeoHome: Entry Level Market Sizzles While Top Tier Cools

GeoHome: Entry Level Market Sizzles While Top Tier Cools

By Zhizhi Xin | Banker & Tradesman Staff | Jun 15, 2017 | Reprints

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.

Homeownership Rates Aren’t As Bad As You Think

Homeownership Rates Aren’t As Bad As You Think

By Jim Morrison | Banker & Tradesman Staff | Mar 31, 2017 | Reprints

In the second quarter of last year, the Census Bureau reported the rate of U.S. homeownership dipped to 62.9 percent, the lowest level since 1965. But by the end of the fourth quarter, the homeownership rate had rebounded to 63.7 percent.

TRID: So Far So Good

TRID: So Far So Good

By Jim Morrison | Banker & Tradesman Staff | Jun 27, 2016 | Reprints

I’ve spent an inordinate amount of time talking to people about TRID in the last year. I learned what it was supposed to do, what it all means, what people were doing (or not doing) to prepare for it. Now that the industry has been operating under the new rules for...

A Tale Of Two Condos

A Tale Of Two Condos

By Jim Morrison | Banker & Tradesman Staff | Jun 3, 2016 | Reprints

Two condos, both very close to the Charles River but on opposite sides, sold during the third week of May for just over $7 million (with no mortgages, by the way), but the stories of those sales could hardly be more different. The first, located at 245 Commonwealth...

Free Rent For A Good Cause

Free Rent For A Good Cause

By Cassidy Murphy | Banker & Tradesman Staff | May 5, 2016 | Reprints

As we’re all aware – and as the Estately graphic that went around yesterday makes abundantly clear – rent in and around Boston is rapidly rising out of the reach of most would-be city-dwellers

In Today’s Real Estate Market, Timing Is (Almost) Everything

In Today’s Real Estate Market, Timing Is (Almost) Everything

By Walter Hall | Banker & Tradesman Staff | Mar 23, 2016 | Reprints

Historically, each real estate boom has ultimately become a bust to some degree. What goes up in real estate usually goes down. The degree of “down” almost always depends on the intensity and corresponding speed of price increase on the “up” side. Generally, if the up...

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