existing home sales

Traditional Closings Use 960 Million Pieces of Paper Annually

Today’s News Synopsis: How many trees would be saved with fully digital home closings?  Contrary to people’s beliefs, millennials are actually taking on bigger mortgages now than ever in years prior.  The National Association of Realtors reported a 1.2% decrease in existing-home sales in January. In The News: Redfin – “How Many Trees Can Be Saved …

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Are You Checking It Twice?

Today’s News Synopsis: 2019 Winter home maintenance To-Do list.  Existing-home sales increased for the second month in a row by 1.9% to 5.32 million.  However, they were lower year-over-year as a result of what was believed to be affordability still being an issue. In The News: NAHB – “Single-Family Starts Drop in November as Builders Face …

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Does The Disruption And Expense Of Moving Outweigh the Benefit?

Today’s News Synopsis: Fewer Americans uproot themselves for a new job.  The National Association of Realtors reported a 0.7% decrease in existing-home sales last month.  Serious mortgage delinquency rates decreased 25 basis points to 1.67%, although originations continue to remain low following the Great Recession. In The News: National Association of Realtors – “Existing-Home Sales Slip …

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Buyers Will Be Able To Absorb the Rate Increases Because of Higher Wages

Today’s News Synopsis: Apparently there no need to fear rate hikes.  The National Association of Realtors reported a slight decrease in existing home sales last month by 0.4%.  What color should your front door be painted to up its selling price by over $6,000. In The News: Inman – “Is it a good time to buy …

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The Most Significant Regulatory Relief Bill Since the Great Recession

Today’s News Synopsis: Dodd-Frank relief bill is signed by President.  Existing home sales decreased 2.5% in April according to the National Association of Realtors.  Meanwhile, the value of homes increased at their fastest pace in 12 years, having risen 8.7% to a median value of $215,600. In The News: Inman – “Quicken Loans’ In-House Realty purchases …

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