Boston North Shore mortgage loan experts say over 6 million people nationwide will buy homes next year. Statistics expect roughly 2 million will be first-time homebuyers. Both first-time buyers and others always wrestle with whether or not to pay “discount points” on their mortgage. The Boston North Shore Mortgage Loan: Points? Just what the heck are discount […]
Recent Boston North Shore housing statistics — included as part of third quarter housing results reported by Zillow –– show that roughly a million U.S. homeowners finally owe less than their homes are worth. Water Receding in Boston North Shore Housing Market? According to the Zillow report, the negative equity rate among homeowners in the U.S. dropped […]
Average unemployment in the Boston North Shore economy mirrors that of the U.S., remaining steady at 5%. That’s a 7-year low. As the economy has grown, more people looked for employment. Job additions exceeded expectations according to recently-released November statistics. Job Growth in the Boston North Shore Economy Job gains were solid nationwide, with employers adding 211,000 […]
Recent statistics show Americans are saving faster than they are spending. The shift in consumer spending habits in the Boston North Shore economy began during the most recent recession. The trend looks like it will continue heading into the holiday shopping season and beyond. The Frugal Boston North Shore Economy Americans saved over $40 billion in October alone. […]
A loan closing attorney who, when reviewing the documents with a new Boston North Shore mortgage borrower, used to jokingly say, “You’re welcome to read all these forms, and if you find anything in your favor the lender will be happy to correct that mistake!” Of course, he was only joking and he used that line as an ice-breaker. However, […]
