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HUD DACA Policy Change Adds to Housing Woes

The Trump administration has decided the country’s 800,000 “Dreamers” – undocumented immigrants brought here as children but who have grown up here – are no longer eligible for federally insured mortgages, causing consternation and confusion among mortgage lenders.

Of Construction Miscues and Mishaps

Homebuyers who expect their newly built castles to be flawless masterpieces are only fooling themselves: The perfect, zero-defect house has yet to be built. But every builder has a whopper of a story about a big mistake.

Home Equity Loans Are Back In Style

Home Equity Loans Are Back In Style

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

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)

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

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

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

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...