Residential Real Estate

Remodeling Spending Expected To Continue To Increase

Remodeling Spending Expected To Continue To Increase

Nationwide spending on residential remodeling is expected to continue to increase through the third quarter of 2018, according to the Leading Indicator of Remodeling Activity (LIRA) released today by the Remodeling Futures Program at the Joint Center for Housing Studies of Harvard University.

Fannie Mae’s Economic Forecast Unchanged By Hurricanes

The 2017 economic growth forecast remains unchanged at 2.2 percent following expected offsetting hurricane-related impacts to GDP growth in the third and fourth quarters, according to the Fannie Mae Economic and Strategic Research (ESR) Group’s October 2017 Economic and Housing Outlook.

US Housing Starts Fall To One-Year Low

U.S. homebuilding fell to a one-year low in September as Hurricanes Harvey and Irma disrupted the construction of single-family homes in the South, suggesting that housing probably remained a drag on economic growth in the third quarter.

Longest-Tenured MBREA Member Dies

The Association for Valuation Professionals announced today that Paul A. Giroux, MRA, the longest tenured member of the MBREA and a member of the Appraisal Hall of Fame, died at the age of 94 on Wednesday.

Mortgage Rates Jump Up

Mortgage Rates Jump Up

The 30-year mortgage rate increased for a second consecutive week, jumping 6 basis points to 3.91 percent. The 10-year Treasury yield also rose, climbing 4 basis points this week.

From Barbados To Boston And Beyond

From Barbados To Boston And Beyond

Richard Phipps moved to Boston from Barbados at the age of 20 in the early ’70s. After two tours in the Air Force he started working in finance and later, real estate. He came back to Boston in the mid-’80s and got involved in all things real estate. The father of nine was recognized by Barbados with a Jubilee Award in January for blending business, family and spirituality in a way that retains family values. Phipps runs a real estate agency, a real estate school and a real estate counseling business from his Roslindale office. When he’s not in the office, he can often be found in Oasis on Hyde Park Avenue feasting on Barbadian rice and peas.

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