Massachusetts Housing Market Predictions for 2024. More of the Same? With mortgage rates and home prices historically high and inventory very tight, many prospective sellers and hopeful buyers feel nervous about the 2024 housing market.
The Greater Boston housing market has shown remarkable resilience in 2023, defying downturn predictions.
If you remember the housing crash back in 2008, you may recall just how popular adjustable-rate mortgages (ARMs) were back then. After years of being virtually nonexistent, more people again use ARMs when buying homes. Let’s explain why that’s happening and why this isn’t cause for concern.
For proof, look no further than the Realtor.com® June roundup of the Hottest Housing Markets. This month, the Hartford, CT, metropolitan area tops the list, followed by hottest markets stalwarts Manchester, NH, Concord, NH, Springfield, MA, Portland, ME, Worcester, MA, Norwich, CT, New Haven, CT, and Boston at #20.
In a recent post on Mortgage Daily News, Matthew Graham explains the hard-to-understand new fee structure by Fannie Mae and Freddie Mac. Graham writes, Seemingly overnight, the internet is awash with news regarding a “new,” unfair tax on mortgage borrowers with higher credit scores. Some have gone so far as to suggest that someone could intentionally lower their credit score to get a better deal.
Karen and Helen describe the outlook for the Spring 2023 Boston Housing Market.
If you’re like the vast majority of home buyers, you will choose to finance your purchase with a mortgage loan. However, by preparing in advance, you can avoid the common delays and roadblocks many buyers face when applying for a mortgage.
Bernice Ross of Inman recently interviewed Rick Sharga, the executive vice president for market intelligence for Attom Data, about his predictions about general trends and foreclosures. Attom Data has been tracking foreclosure data since 1996. As a result, Sharga often gets asked if we should expect another foreclosure tsunami in 2023 like the one we experienced during the Great Recession.
