LOCAL NEWS: Barnstable Offers Home Loans to Stabilize Neighborhoods

2017-10-10T17:15:29+00:00

The town of Barnstable launched the Hyannis Homebuyer Assistance Program late last week, taking action to stabilize neighborhoods by helping low and moderate income homebuyers. The program consists of  interest-free loans of up to $75,000 each. These loans are available for qualified applicants to purchase a home in the village of Hyannis. The first phase of the program [...]

Student Debt Delaying Millennial Homeownership by 7 Years

2017-09-19T15:55:20+00:00

WASHINGTON (September 18, 2017) – Despite being in the prime years to buy their first home, an overwhelming majority of millennials with student debt currently do not own a home and believe this debt is to blame for what they typically expect to be a seven-year delay from buying. This is according to a new [...]

Adcocacy Update: National Flood Insurance Program (NFIP) Extended

2017-09-12T13:45:42+00:00

National Flood Insurance Program (NFIP) Extended On Thursday, September 7, the Senate voted to pass a three-month extension of the National Flood Insurance Program (NFIP). The House of Representatives passed the legislation on Friday, September 8, 2017, and the President signed the bill into law later that day. This legislation ensures that the NFIP will not [...]

Harvey’s impacts highlight upcoming flood insurance deadline

2017-09-05T18:59:10+00:00

By Greg Murphy, 2017 President of CCIAOR Seeing the effects of Hurricane Harvey has been jarring for everyone. Thousands have been displaced from their homes - some never to return - and the rebuilding has only just begun. There has been a lot of news on how few in Texas had flood insurance, but less [...]

The Impact of Federal Tax Reform on Massachusetts Homeowners

2017-08-17T18:44:13+00:00

The Impact of Federal Tax Reform on Massachusetts Homeowners As Congress starts the debate on tax reform, it is important they not make changes to the mortgage interest deduction or the real estate property tax deduction as this will affect nearly every homeowner and, ultimately, raise taxes on many homeowners throughout Massachusetts. Of the approximately [...]

CFPB Sets Final Rule Enabling Sharing of Closing Disclosures

2017-07-10T14:29:16+00:00

On July 7, 2017, the Consumer Financial Protection Bureau (CFPB) released the final rule amending the “Know Before You Owe” (KBYO or TRID) mortgage disclosure rule. As advocated for by National Association of REALTORS®, the final rule clarifies the ability to share the Closing Disclosure (CD) with third parties - a victory for real estate [...]

Homeowners win through REALTOR® advocacy in state budget

2017-07-07T15:48:40+00:00

In the budget the Massachusetts legislature will take up today, there were two major wins for homeowners advocated for by REALTORS®. Neither a tax on short-term rentals nor an increase in the deed stamp (real estate transfer tax) were included in the final budget proposal as both were in budgets passed by one of the [...]

Explaining Low Homeownership Levels in Our Market

2017-06-19T13:50:35+00:00

The Local Perspective: Explaining Low Homeownership Level NAR recently released a new white paper titled “Hurdles to Homeownership: Understanding the Barriers." This white paper covered the results of a nationwide homeownership study commissioned by NAR. While all of the five reasons for depressed homeownership levels apply on Cape Cod, we wanted to localize the results [...]

REALTORS® descend on Beacon Hill to advocate for homeowners

2017-06-15T21:12:30+00:00

Yesterday, more than 500 REALTORS® from around the state – including almost 50 CCIAOR members – descended on Beacon Hill to advocate for homeowner, property rights and business issues. CCIAOR members met with the local Cape Cod, Martha’s Vineyard and Nantucket delegations to discuss the REALTOR® Public Policy agenda for the year. In light of [...]

Your REALTOR® membership invests in our community

2017-06-15T17:20:24+00:00

As REALTORS®, you have a vested interest in the vibrancy of your community. This includes better land use planning techniques, expanding housing opportunities, job creation/development and creating great public spaces for all to enjoy. We are leveraging your REALTOR® membership fees - at the national level - by returning your dollars back to the local [...]