Mortgage Market Opens for Gig Workers

Fannie Mae and Freddie Mac shut many self-employed buyers out during the pandemic. But now, those rules are gone and some lenders, perhaps sensing a grand opportunity to boost market share, are targeting gig workers directly.

Agent Fees Are Negotiable? Yeah, Right

The agents that buyers use to visit houses and write up a contract are paid their share of the sales commission by the seller’s agent. They are paid whatever the seller’s agent offers – usually half of whatever the seller’s agent charges.

Stopping ‘Legal’ Tax Lien Thievery

Deborah Foss is a 67-year-old grandmother in New Bedford, who survives on a small fixed income from Social Security. She has several medical conditions, including chronic lymphocytic leukemia, COPD and neuropathy. Why did the state of Massachusetts take her house away?

Help for Down Payments Available

The Build Back Better legislative package championed by President Joe Biden contains billions for down payment assistance. But rookie buyers don’t have to wait for Congress to act – if it ever does.

Why Some Owners Are Staying Put

New affordability estimates show why so few houses are on the market: Owners who might want to sell may not be able to afford to buy another house. Even if they could find one.

Take Equity Without Refinancing

With loan costs rising to their highest levels in more than two years, time may have run out on many homeowners thinking about refinancing. But could they turn to HELOCs to pay for things like renovations, instead?

Triple Whammy Slows Homebuilders

Homebuilders are an optimistic bunch. They normally purchase land or finished lots, spend thousands on lumber and myriad other materials, and start putting up houses – often before the first customer walks in the door. That’s not the case now, though, and hasn’t been for months.

Expect New Homes to Keep Getting Bigger

Square footage always increases in slow markets when the only people buying new houses are middle- and upper-income earners. But when the market speeds up, builders try to go smaller in an attempt to capture a larger share of sales.