CCIAOR and the Massachusetts Association of REALTORS® is urgently seeking clarification on whether all real estate practices qualify as essential services and has requested an explicit designation as essential. This will ensure that those who need shelter during this time are able to find it.
The Federal Financing and Housing Agency (FHFA) announced today flexibility for issues surrounding appraisals and the verification of employment in light of the Corvid-19 pandemic. These alternatives allow Freddie Mac and Fannie Mae to have flexibility moving forward through May 17, 2020.
At the urging of your REALTOR® Association, Massachusetts Governor Charlie Baker issued an executive order deferring the requirement of allowing smoke detector and carbon monoxide alarm certificate inspections as required under Sections 26F and 26F½ of Chapter 148 of the General Laws.
There is widespread support for vacation rentals throughout Cape Cod, according to a recent poll by American Strategies conducted on behalf of the Cape Cod and Islands Association of Realtors (CCIAOR). More than 80 percent of polled residents are supportive of vacation rentals and value their positive impact on Cape Cod’s economy.
After clearing hurdles in the House and the Senate this week, a federal spending bill goes to the White House for the President’s signature, funding part of the federal government through Fiscal Year 2020, and it includes many important pieces related to real estate that the National Association of REALTORS® worked hard to achieve.
Loan limits are rising for Barnstable, Dukes and Nantucket Counties for loans by FHA, Fannie Mae, and Freddie Mac. These are the limits of loans that keep a buyer from going to a jumbo mortgage.
