Current News & Events
Report: 72% More Condo Sellers Than Buyers
This marked the fifth straight month in which there have been at least 70% more condo sellers than buyers. Continue Reading Report: 72% More Condo Sellers Than Buyers
Massachusetts Real Estate Broker Indicted on Embezzlement Charges
Stephen D. Webster admitted in court that the charges brought against him were “basically accurate.” Continue Reading Massachusetts Real Estate Broker Indicted on Embezzlement Charges
Investors Buying Real Estate to Beat Inflation May Find Tactic Backfires
Source: The Wall Street Journal --- Investors are eyeing real estate as a way to hedge against inflation. Many are bound to be disappointed. While single-family homes usually perform well during inflationary periods, values of offices, retail buildings and other...
Mortgage Loans in Forbearance Dips to 4.2 Percent in U.S.
Source: The World Property Journal --- The latest Mortgage Bankers Association Forbearance and Call Volume Survey has revealed that the total number of U.S. loans now in forbearance decreased by 3 basis points from 4.22% of servicers' portfolio volume in the prior...
California Median Home Prices Hit Record High $800,000 in April
Source: The World Property Journal --- The California Association of Realtors reported this week that heated market conditions and a shortage of homes for sale continued to put upward pressure on home prices in California, driving the state's median price above the...
Aging in Place Comfortably and Stylishly
Source: New York Times --- They never wanted to call it retirement, but for Susan Farnsworth, Leigh Hough and Jean-Philippe Jomini, a throuple — a romantic partnership of three people — that has lived together as an intentional family for over 15 years, it felt...
Combating Wire Fraud In The Mortgage Industry
Source: Forbes --- As real estate transactions have moved online, so have scammers who hope to intercept money that's meant for down payments and funding loans. According to the FBI's 2020 Internet Crime Report, nearly 14,000 people fell victim to real estate/rental...
Buyers in Indianapolis, Omaha and Seattle are Snapping Up Homes in 5 Days or Less
Source: Redfin --- April was another history-making month for housing, with homes selling for higher prices and in fewer days since at least 2012, when Redfin began tracking national housing data. The following measures all hit new records: The national median...
Senators reintroduce bill to allow remote online notarizations
Source: Housing Wire --- Could it finally be happening? Senators Mark Warner (D-Va.) and Kevin Cramer (R-N.D.) have reintroduced federal legislation that would allow remote online legislation (RON) nationwide. Dubbed the Securing and Enabling Commerce Using Remote...
Welcome Home
Source: Scotsman Guide --- Demand for single-family rental housing is rising, and the sector has emerged as a popular option for those seeking more space and an affordable place to live. During the COVID-19 pandemic, this trend has accelerated as more people flee...
Low-tax states are winning the real estate battle
Source: Housing Wire --- For every one person who left low-tax states in the last eight years, an average of four people moved into those same states, according to a new report from Redfin. The trend is reversed in high-tax states, where an average of 2.5 people...
5 staggering facts about Utah’s hot housing market
Source: Deseret News --- It’s an issue that’s worrying a mind-boggling 8 out of 10 Utahns — and one that reaches well beyond Utah to other states in the West. The Deseret News took a deep dive into Utah’s raging hot real estate market and how it fits in to what’s...
