After the dramatic Presidential election of Donald Trump, there’s no doubt that the American economy is facing some major changes — particularly the real estate sector. Housing affordability and availability were largely absent from the pre-election discussion, leading many to wonder precisely what the future will hold. After a long and shaky recovery from 2008’s… Read more »
Anyone who has been paying attention to real estate sector news knows that American homeownership rates — actively declining for over ten years — are now at a half-century low. Combined with financial turmoil both international (Brexit) and domestic (a contentious Presidential election, TRID-spurred compliance issues), many mortgage and property professionals are predicting a pessimistic… Read more »
The demographics of the U.S. are shifting as millennials and minorities are making up a larger share of the population. This transition creates a phenomenal opportunity for mortgage lenders to serve these groups as they look to purchase homes. Millennial Homeownership Post-crisis homeownership rates for millennials and minorities nonetheless remain depressed. During the second quarter… Read more »
Black Knight Financial Services’ monthly mortgage report shows that only 1% of all loans are in active foreclosure. By that metric, the housing market is healthier than it has been at any point since the financial crisis began. Foreclosures in September According to data in Black Knight’s “First Look” at September’s mortgage data, the 1%… Read more »
Real estate industry watchers were shocked at the near historic levels of demand in the housing market throughout the summer of 2016. It would be reasonable to expect a significant drop-off this fall, especially since the autumn period is usually a slow time for property transactions. According to a new report released by realtor.com, that’s… Read more »
Looking to put your Washington, D.C. home on the market? District real estate shoppers have several key factors in mind that may surprise you. Highlight these items in your listing to grab buyers’ attention: City proximity: Young home buyers are increasingly favoring urban living — even as they start families. Packing the kids and moving… Read more »
Even in these near-historic times we’re living in, millions of people continue to cling to their high interest rate mortgages. Why are so many failing to capitalize on the low rates that may not be around much longer? Is it just inertia? Refinances Falling Flat (Sort of) According to the latest CoreLogic MarketPulse issue, there’s… Read more »
The latest data from the Commerce Department is further proof that the U.S. housing market is starting to pick up steam. According to a report released in July 2016, homebuyers are purchasing newly-built homes at a substantial pace. Including gains in previously owned home sales, the housing market continues to act as fuel for the… Read more »
With the Brexit-induced bump to the summer housing market, many realtors, lenders and other real estate professionals are anticipating a busy season ahead. With increased sales volume comes the need for diligent reporting and compliance. Federal regulation is likely to tighten up this year between TRID’s grace period ending and new Consumer Financial Protection Bureau… Read more »