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Articles Posted in Residential Home Purchases

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Pending Home Sales Keep Rising in Massachusetts

For the thirteenth straight month, the number of single-family homes and condominiums placed undersales agreement rose in Massachusetts. The rise in sales agreements indicates rising sales activity in the overall real estate market. The Massachusetts Association of Realtors (MAR) stated that pending sales are a principal indicator of actual housing sales…

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Designated Flood Zones May Cause Additional Problems When Purchasing Real Estate in Massachusetts

In a recent Massachusetts case, Witkowski v. Endlar Ins. Agency & First American Title Ins. Co., the judge reversed a previous summary judgment decision for Endlar regarding a certificate of insurance for the plaintiff’s condominium unit. Plaintiff, Witkowski, purchased a basement unit of a residential condominium in Andover, MA. The condominium…

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Mortgage Rates Reach Historic New Lows in Massachusetts, Nationwide

The average interest rate on mortgages in the United States has hit a new record low. According to mortgage purchaser Freddie Mac, the interest rate on 30-year home loans is now 3.84 percent. The rate on 15-year fixed-rate home loans is only 3.07 percent. The interest rates are the lowest…

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Massachusetts Attorney General Calls for More Loan Modifications for Distressed Homeowners

A recently released federal report says distressed homeowners in the United States were more likely to stay in their residences after their mortgages were modified. In fact, the Office of the Comptroller of the Currency found nearly three-fourths of homeowners who received a loan modification in 2011 are currently in…

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Most in U.S. Are Satisfied With Homeownership

Despite regular news reports of a depressed housing market and underwater mortgages, most homeowners in the United States are happy with their purchase. According to a recent survey conducted by HomeGain, about three out of four homeowners in the country are happy to be an owner. The Northeast, including Massachusetts,…

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