2013 Massachusetts Housing Market

Massachusetts real estate professionals are rejoicing at evidence that the state’s real estate market is surging ahead. “All signs indicate that we are very likely skimming the bottom of the real estate bust, and things are just beginning to look up,” wrote Judy Reynolds, Sterling Massachusetts Realtor, in a November 2012 post on the Massachusetts Real Estate Trends blog. She noted that the state had less real estate market distance to close … [Read more...]

U.S. Real Estate Market Rebound

Recovery Forecast Not Until 2011 The U.S. real estate market will take at least three years to recover from its massive slump and it won’t fully rebound from the mortgage mess until at least some time in 2011, Housing Predictor forecasts. Housing Predictor analysts forecast the overall U.S. economy will suffer from a recession as a result of the crisis, which they expect to become evident in the nation’s overall economy by the third or … [Read more...]

Top 10 Real Estate College Towns

Investors and parents shopping for rentals for college students might realize a sharp increase in rents when students go off to college this fall. Rents on homes and apartments rose an average of 4% in the U.S. in the last year, and higher rents are expected. Realtor.com released its second annual round-up of the top 10 college towns to consider investing in real estate. Topping the list are Boston, Massachusetts and Washington D.C., which … [Read more...]

Cities, States Respond to Foreclosure Crisis

By Mike Colpitts Since the federal government has only tried piece-meal solutions to resolve the housing mess cities and states across the U.S. are making their own changes to get the foreclosure crisis under control. New laws to help consumers have been passed in nearly three dozen states. San Bernardino County, California hard hit by the foreclosure crisis was the first to take up the possibility of using eminent domain to help underwater … [Read more...]

Foreclosures Jump Resumes After Robo-Signing Slowdown

By Mike Colpitts Foreclosure starts rose for the first time in more than two years in May, signaling a resumption of formal bank repossessions of homes with mortgages in default after months of slower foreclosures. Initial filings were lodged against 205,990 U.S. residential properties, according to RealtyTrac. The increase accounted for a 9% hike in bank filings for the month after lenders resumed preparations to take back properties … [Read more...]

Best Real Estate Housing Markets Through 2016

The best housing markets forecast for the next five years are composed of 10 cities scattered from Washington State to Florida. These 10 U.S. cities are projected by Housing Predictor to have the highest probability of appreciating the most for all cities in the nation through 2016. Most of the best real estate markets are centrally located to attract a large number of sizeable employers, and are likely to produce better regional economic … [Read more...]

Foreclosures Drop Two Straight Months

By Mike Colpitts Demonstrating the U.S. largest five banks are following rules agreed to in their $25 billion settlement with 49 state attorney generals, foreclosures saw a drop for two straight months in March as lenders increased efforts with home mortgage holders, according to RealtyTrac. The drop in foreclosure activity showed there were 198,853 filings against U.S. residential properties during the month, a 4% decline from February … [Read more...]

Foreclosures Drop Two Straight Months

By Mike Colpitts Demonstrating the U.S. largest five banks are following rules agreed to in their $25 billion settlement with 49 state attorney generals, foreclosures saw a drop for two straight months in March as lenders increased efforts with home mortgage holders, according to RealtyTrac. The drop in foreclosure activity showed there were 198,853 filings against U.S. residential properties during the month, a 4% decline from February … [Read more...]

2012 Massachusetts Housing Market

Mortgage holders who took out home loans at the height of the housing market are quietly walking away from homes in growing numbers in Massachusetts as the foreclosure crisis shifts into high gear. The crippling impact of foreclosures has affected few neighborhoods as severely in Boston like others in the U.S., but is projected to have a growing impact as the length of the crisis grows. In Boston the constant drop in home prices slowed for a … [Read more...]

Feds Launch Mortgage Task Force Investigation

By Mike Colpitts More than three years after announcing he would launch a federal task force to investigate the mortgage crisis, President Barack Obama has finally launched a federal probe into the U.S. largest financial institutions. New York Attorney General Eric Schneiderman, who pulled his state out of the 50 state robo-signing investigation, sent subpoenas to the largest banks to start the investigation. The president announced the … [Read more...]