UPDATED: REALTORS® Sounding Alarm Bells as NFIP Set to Expire

2017-07-18T13:25:04+00:00

7/18/17 UPDATE: With just over three months left until the National Flood Insurance Program expires, it is more important than ever for Congress to act to extend the program. While staff at the National Association of REALTORS® fully believes there will be no lapse, REALTORS® setting closing dates for immediately following Sept. 30 do need [...]

February Housing Report: Median Price Rises; Inventory Falls

2017-05-05T20:26:38+00:00

WEST YARMOUTH, MA—(March 21, 2017) According to preliminary data released last week by the Cape Cod & Islands Association of REALTORS® (CCIAOR), 233 homes sold in February; 194 single-family homes and 39 condominiums. Median sales price was $373,500 for single-family homes and $240,000 for condominiums. Last February, 260 homes (210 single- family homes and 50 [...]

REALTORS® Push HUD to Move Forward With FHA MIP Rate Cut

2017-05-05T20:26:39+00:00

The U.S. Department of Housing and Urban Development announced Jan. 20 that it was suspending indefinitely the FHA premium rate cut that had been expected to take effect on Jan. 27. HUD had announced the reduction Jan. 9, saying continuing strength in FHA’s reserve fund (the Mutual Mortgage Insurance Fund) warranted the move. NAR estimated [...]

Pot legalization to impact landlord-tenant relations, disclosures

2017-05-05T20:26:39+00:00

On November 8th 2016 Ballot Question #4, which will allow for the recreational use of marijuana, was passed by Massachusetts voters in a fairly wide margin of 54% to 46%. Under the new law, the use of marijuana for recreational purposes will be legal starting on December 15, 2016. However, the sale of the drug [...]

New smoke detector regulations start December 1st

2017-05-05T20:26:39+00:00

New regulations going into effect December 1st will affect what you have to do to pass a pre-transfer inspection. When replacing a battery when the battery is either expired or non-working of a single or multi-family home built prior to 1975 that battery must be a 10-year sealed battery. Fire departments will be checking for [...]

Freddie & Fannie loan limits rise in Barnstable, Dukes & Nantucket counties

2017-05-05T20:26:43+00:00

The Federal Housing Finance Agency (FHFA) today announced that the maximum conforming loan limits for mortgages acquired by Fannie Mae and Freddie Mac in 2017 will increase.  In Barnstable County, ithe maximum 1-unit loan limit follow the rest of country and rises from $417,000 to $424,100. Dukes and Nantucket counties will continue to be treated [...]

Support Housing on Cape Cod: Welcome Home Gift Basket Drive

2017-05-05T20:26:43+00:00

The Cape Cod & Islands Association of REALTORS® (CCIAOR) is teaming up once again with the Housing Assistance Corporation of Cape Cod (HAC) to create a wonderful holiday giving and donation opportunity. Items collected from this month-long drive will be placed into gift baskets by the CCIAOR Young Professionals Network (YPN) and given to HAC [...]

JULY HOUSING REPORT: Closed sales down, pending sales up; Inventory remains low

2017-05-05T20:26:43+00:00

According to preliminary data released last week by the Cape Cod & Islands Association of REALTORS® (CCIAOR), 433 homes sold in July, 348 single-family homes and 85 condominiums. Median sales price was $376,000 for single-family homes and $300,000 for condominiums. Last July, 504 homes (397 single- family homes and 107 condos) sold at a median [...]

MEDIA ADVISORY: Tips to avoid being scammed in a vacation rental

2017-05-05T20:26:43+00:00

Cape Cod real estate agents are reporting vacationers continue to be scammed through online websites. Here are some helpful tips from the Cape Cod & Islands Association of REALTORS® to ensure your vacation goes smoothly instead of arriving on the Cape to find that you do not have a vacation rental: -Call and talk to [...]

CFPB Makes Clear Lenders’ Ability to Share CD

2017-05-05T20:26:44+00:00

Earlier this year, the Consumer Finance Protection Bureau announced that it was considering changes to Know Before You Owe - also known as the TILA-RESPA Integrated Disclosure, or TRID - including a clarification of the rules regarding sharing the CD. The CFPB made good on that promise when it announced a proposed rule on TRID, [...]