HousingWireHousingWire The passage of the mortgage trigger lead bill as proposed in the U.S. Congress will face a challenge from a new plan expected to be released this week by representatives of the consumer reporting industry, HousingWire has learned. In September, Senate Armed Services Committee Chairman Jack Reed (D-R.I.) included…
Continue reading →HousingWireHousingWire The trend line for mortgage rates has been the same for several weeks, even as some of the uncertainty surrounding the 2024 election is fading. The cost of a home loan continues to move in a negative direction for U.S. consumers and housing professionals alike as the downward movement…
Continue reading →HousingWireHousingWire Lamacchia Realty is continuing its acquisition spree. On Tuesday, the New England-based firm announced its acquisition of Massachusetts-based Stone Ridge Properties. The financial terms of the deal were not disclosed. Founded in 1990, Stone Ridge Properties has offices in Amesbury and Newburyport, Massachusetts. It is owned by Cathy Toomey,…
Continue reading →HousingWireHousingWire Homeowners are sitting on a record level of about $35 trillion in home equity — more than double the equity levels recorded prior to the financial crisis and housing market collapse of the late 2000s. But as the share of first-time homebuyers gets smaller — and older — it’s…
Continue reading →The Preservation of Affordable Housing submitted multiple plans to Portsmouth for developing below-market-rate housing at the former Sherburne School site. (Courtesy of the City of Portsmouth via Preservation of Affordable Housing) The Portsmouth City Council is aiming to select its partner for the redevelopment of the city-owned former Sherburne School…
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