The US Commerce Department reported that sales of new single-family homes dropped to a near one-year low last month. The recent setback occurred despite two consecutive months of sales gains. Industry experts say Boston North Shore housing remains on firm ground thanks, in part, to a rise in home prices. A Closer Look at Boston North […]
The House of Representatives recently voted to pass a bipartisan bill to provide a “hold harmless” grace period for Boston North Shore mortgage lenders for the implementation of the Consumer Financial Protection Bureau’s (CFPB’s) TILA-RESPA Integrated Disclosure (TRID) Rule. The new rule went into effect October 3rd. “Good Faith” From Boston North Shore Mortgage Lenders Extending the grace period until […]
Boston North Shore housing is obviously affected by interest rates, and recently, the much anticipated rate hike by the Federal Reserve was once again put on hold because Fed Chairwoman Janet Yellen said she thinks the housing market is still not where it needs to be. Jeff Taylor of Digital Risk appeared on Fox Business […]
The effects of a down economy over the past few years has taken its toll on first-time Boston North Shore homebuyers. Industry experts cite the inability of young Americans to accumulate savings for down payments and an unstable job market as major reasons. The result is they are sitting on the sidelines longer than ever before […]
