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Reuters.com reported that according to a survey conducted by Trulia.com in early November, the amount of buyers that are interested in foreclosed properties dropped to 43 percent from the 55 percent found interested only six months earlier in May. The report was released Tuesday and showed that growing concerns of hidden costs, prices dropping, and rising unemployment rates, may be keeping people from looking into purchasing foreclosed property.

The rising unemployment rate alone is greatly aff… Continue

Although we are in the typically slow holiday season for the real estate industry, the Mortgage Bankers Association reported that applications for home loans went up by 42 percent last week on a non-seasonally-adjusted basis compared to the previous week which had dropped 21.2 percent from the prior week. The rising rate of applications is due to both homebuyers looking for mortgages, and homeowners refinancing their homes.

RealtyTimes.com reports that this boom in applications may be due to th… Continue

Two cities just outside of Boston are in the works of planning major face lifts. One project is being jump started by $47 million in government stimulus money, while the other is being took on by a private development company.

The Revere Waterfront area no doubt has some big potential. Governor Patrick’s administration is going to spend $47 million from the federal government to start the long-awaited revitalization of the Revere waterfront. One developer has proposed a plan to create a nine ac… Continue

Over the past four years mortgage delinquency rates have risen in Massachusetts. Annalists are saying that it may be possible that we see the first drop in delinquency rates in the first quarter of 2010. The Boston Globe published an article discussing a report released yesterday by TransUnion, a Chicago-based credit bureau. TansUnion supports the idea of decreasing delinquencies say… Continue

CnnMoney.com published an article today stating that now more than ever people are investing in their current property rather than moving all-together. With home prices being down right now, it makes sense to hold onto your home for a few more years or even until the summer when prices are expected to rise.

In most cases homeowners move because they need more space. Rather than buying a new house simply for space, people are adding the space to their already comfortable homes.

Recently remodel… Continue