As predicted by some in the Boston area mortgage industry, sales of existing homes fell sharply in November. Insiders say the new consumer disclosure rule was to blame. The rule resulted in delays in many mortgage loan closings. Boston Area Mortgage Fears Realized The sale of existing homes dropped 10.5% during November from the previous month, according to the National Association of Realtors. […]
Until recently the Boston area housing market has been missing the segment of the population known as “millennials.” That generation has been described as having poor spending and saving habits. Many have finished college and are facing repayment of student loans. On top of that, rents have skyrocketed in recent years – increasing at a faster rate than incomes – making it difficult […]
Boston area taxes can throw some retirees a curveball if they’re not knowledgeable or prepared. Like most Americans, you’ve worked hard all your life and saved or invested for years to be able to enjoy retirement. What you don’t know about taxes could make retirement a little less enjoyable. Boston Area Taxes – What to Know IRA or 401(k) accounts. If […]
New single-family Boston area home sales were up in November. The increase was lower than anticipated, signaling a slight momentum change in the housing market. Recent Commerce Department statistics show new home sales increased 4.3% during November. This equates to a seasonally adjusted annual rate of 490,000 new homes sold. The number of homes sold in October was revised downward […]
