Massachusetts Real Estate & Financial News | Banker & Tradesman
WEBBy James Sanna | Banker & Tradesman Staff | Sep 18, 2024 | Reprints | Unlock Link. The Federal Reserve on Wednesday cut its benchmark interest rate by an unusually large half-point, a dramatic shift after more than two years of high rates helped tame inflation but that also made borrowing painfully expensive for American consumers and businesses.
Harris Wants to Offer $25K Down Payment Assistance Grants. Will …
WEB9 hours ago · Vice President Kamala Harris, the Democratic nominee, has rolled out a series of initiatives focused on making housing more affordable. Her campaign has promised to introduce legislation to Congress that would create $25,000 first-time homebuyer down payment assistance grants and take steps to add 3 million new homes to the nation’s inventory ...
Fed Set to Announce Rate Cut Today - Banker & Tradesman
WEB2 days ago · This week’s move is expected to be only the first in a series of Fed rate cuts that will extend into 2025. Over time, Fed rate cuts should lower borrowing costs for mortgages, auto loans and credit cards, as well as for business loans. Business spending could grow, and so could stock prices. Companies and …
Boston Renter Is One-Third of Typical Income - Banker & Tradesman
WEB14 hours ago · A recent Realtor.com report shows that the median rent of $3,022 makes up 33.6 percent of the typical Boston renter’s income. This is the fifth-largest share in the nation. “One way to think about housing affordability is to use the 30% rule of thumb, where housing expenses including rent or mortgage, utilities and HOAs or other fees should ...
Will the Fed Cut Rates Enough to Secure a Soft Landing?
WEB4 days ago · After the Fed begins cutting rates on Wednesday, Mardis envisions brighter times ahead. Typically, a succession of Fed rate cuts leads over time to lower borrowing costs for things like mortgages, auto loans, credit cards and business loans. “I’m 100 percent sure it would make a difference,” Mardis said. “I’m looking forward to it.”.
Feb. 2 ADU Deadline Looms as Next Housing Front
WEB17 hours ago · EOHLC is bringing on an ADU coordinator next month, staffers said. The office has also , which previews the legislative changes impacting municipalities starting Feb. 2. Cities and towns will not be able to require owner occupancy of the ADU or main residence, or a special permit or discretionary zoning approval for use or rental of an ADU.
This Week's Paper - Banker & Tradesman
WEBBy Malia Lazu | Special to Banker & Tradesman | Sep 8, 2024 | Reprints | Unlock Link. Revolutionary Spaces is taking a fresh look at how we tell stories about Boston’s past. Local executives have a chance to be part of building a bridge to a more inclusive telling of American history....
Opinion - Banker & Tradesman
WEBGuest Columns and Op-Eds. From high officials to lone operators, read a diverse cross section of perspectives on the issues facing the Massachusetts real estate and banking industries today. Pitches for op-eds and special section guest columns should be directed to managing editor James Sanna at [email protected].
Residential Real Estate News - Banker & Tradesman
WEB6 days ago · by James Sanna | Sep 4, 2024. The local real estate markets may be a lot less busy now than a few years ago, but that didn’t mean this summer was a snooze-fest of real estate news. Here’s a rundown on the six biggest stories you might have missed between vacations and the interminable wait for the Fed to start cutting interest rates.
Read The Banker & Tradesman Daily - Banker & Tradesman
WEBOur free email newsletter is delivered to your inbox at midday, Monday through Friday, with a rundown on the biggest Massachusetts real estate and banking stories you need to know about. Read past issues of The B&T Daily below, or sign up and become the best-informed leader in the local business ...
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