Boston Luxury Residential

Coinciding with a sluggish housing market, home owners have changed their preferences about how space is used and designed in their homes. Function over extravagance has reigned in recent years, along with affordability, when it comes to home features, according to the latest American Institute ...

Real estate practitioners have the same responsibility as sellers to disclose information they have that affects the “value and desirability of the property,” a California appellate court confirmed this week. In Holmes vs. Summers, the seller and the listing associate failed to tell potential bu...

The three major U.S. credit reporting agencies are offering a new FICO score for prescreening, originating, and servicing home loans that better predicts the likelihood of default. The FICO 8 Mortgage Score from Fair Isaac Corp. uses the same 300-850 scoring range but more effectively flags accou...

A survey by American Lives, a consumer research firm in California, conducted a study for the trade magazine Builder to answer that question. Here are their conclusions: · They are young. Most are under 45. Half said they had annual household incomes of $75,000 or less. Two-thirds are married. ·...

Sales of new homes nationwide improved last month after the worst summer in nearly five decades, but not enough to lift the struggling economy. The Commerce Department says new home sales in September grew 6.6 percent from a month earlier to a seasonally adjusted annual sales pace of 307,000. Eve...

The Obama administration's October edition of the Housing Scorecard show continued signs of stabilization in house prices and high home affordability due in part to record-low interest rates, according to the U.S. Department of Housing and Urban Development (HUD) and the U.S. Department of the Tr...

10% Jump in September Existing-Home Sales Existing-home sales rose again in September, affirming that a sales recovery has begun, according to the National Association of REALTORS®. Existing Home Sales, which are completed transactions that include single-family, townhomes, condominiums, and co-o...

Interest on the 30-year fixed mortgage averaged 4.21 percent this week, up from a record low of 4.19 percent a week ago, reports Freddie Mac. Rates for 15-year fixed loans also rose, climbing to 3.64 percent from 3.62 percent. However, the five-year adjustable-rate mortgage fell to a record low o...

The number of foreclosures started by lenders in Massachusetts during the month of September declined from a year earlier, according to a new report by The Warren Group, publisher of Banker & Tradesman. The September number was also lower than the total foreclosures recorded in August. In Septem...

Mortgage applications nationwide slumped last week as interest rates on 15- and 30-year fixed-rate mortgages rose for the first time in six weeks, data from an industry group showed on Wednesday. Interest rates, however, are not far from record lows and the drop in demand does not bode well for t...