For the first time since 2012, delinquencies on HELOCs, or home equity lines of credit, are trending upwards. Data collected showed an annual increase twice, measuring from this past March. Because of this trend, Black Knight Financial Services gathered more information to make a more detailed analysis. HELOC Data From 2015 and 2016 In the… Read more »
The job of the realtor encompasses a wide range of duties — and with the housing market slowly but steadily recovering from the 2008 financial crisis, it’s a more critical one than ever. In a recet Inman.com interview, Rand Realty general counsel and managing partner Joe Rand took to the airwaves to speak on the… Read more »
A proposed Consumer Financial Protection Bureau (CFPB) ruling that would give consumers greater power to sue banks, credit companies, and other financial organizations has drawn heavy criticism from the lending sector. The ruling, projected to go into effect early next year after approval and comments, would bar financial organizations from including clauses that block signing… Read more »
Earning a steady stream of positive online reviews is an effective way to build a successful brand as a real estate professional. Despite countless reports detailing the importance of developing and maintaining a strong online reputation, far too many agents still have yet to embrace the necessity of managing reviews. Today’s real estate professionals are… Read more »
There is a growing fear that student loans are dragging down the housing market. Even some of the nation’s most influential economic minds, including Joe Stiglitz and Larry Summers, have made the connection between student debt and the decreasing homeownership rates among young people. Concern has led some to propose an easing of loan burdens… Read more »
There is a growing divide between the American cities that are growing and remaining affordable and those that are unable to grow and, thus, are becoming increasingly expensive. On the whole, U.S. metropolitan areas are growing rapidly, a trend that has remained constant over the past 60 years. According to research conducted by BuildZoom, from… Read more »
In March, U.S. new home construction experienced its biggest drop since October 2015. Declines were measured throughout most regions of the nation, with the notable exception of the Northeast. The construction of new homes fell more than eight percent, which was the third drop in building rates out of the past four months. Regional construction… Read more »
Getting your hands on a listing in a new luxury condominium is not an easy feat. It can take up to a decade to break into the high-end market for a building you haven’t yet sold in, but it is still possible. And as we all know, once you’ve sold one or two properties within… Read more »
The realtors that really stick out to their clients are the ones who are modest, creative, problem-solving, people-persons. They are also considerate and go out of their way to make their clients happy. Buying a home is a deeply personal moment for customers, and they will remember fondly a realtor who is invested in their… Read more »