iBuyers

Co-Buy or No Buy

Today’s News Synopsis: How are millennials affording homes without their parents’ help?  Mortgage rates changed very little with 30-year rates now at 3.49% and 15-year rates at 2.99%.  Foreclosure activity increased 13% last month, marking the second month in a row to see an increase in foreclosures. In The News: Freddie Mac – “Little Change in …

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Time To Put Those Walking Shoes To Good Use

Today’s News Synopsis: Could walkability increase the value of a home?  Mortgage rates continue to decline with 30-year rates now at 3.51% and 15-year rates at 3%.  Las Vegas is the most popular destination for people looking for homes. In The News: Freddie Mac – “Mortgage Rates Continue to Drop” (1-30-2020) “Freddie Mac (OTCQB: FMCC) today released …

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Critics Say It Will Cloud America’s Property Market

Today’s News Synopsis: The rise in iBuying is gaining steam.  The Mortgage Bankers Association reported mortgage applications increased 3.8% from last week in their latest survey.  Overall delinquency rates for September were their lowest in 20 years at 3.8%. In The News: National Association of Realtors – “Expect Continued Economic Growth, Slower Real Estate Price Gains …

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Boomers Upsizing in Retirement

Today’s News Synopsis: Forget aging in place.  Which housing markets have the highest share of seriously underwater properties?  The amount of mortgage credit availability increased in October by 0.9% to 185.1. In The News: ATTOM Data Solutions – “Top 10 Housing Markets with Highest Share of Properties Seriously Underwater” (11-12-2019) “ATTOM Data Solutions’ new Q3 2019 …

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Deal Would Cap Annual Rent Increases At 5% Plus Inflation and 10% Max

Today’s News Synopsis: California governor announces deal to cap rising rents.  Home prices increased slightly in July by 3.6% year-over-year.  Which age group is driving home prices up again?  Believe it or not, it’s the older millennials. In The News: HousingWire – “Artificial intelligence in residential real estate: Reality or hype?” (9-3-2019) “Every few years, the …

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Everyone Has Their Crystal Ball Out

Today’s News Synopsis: Homebuyers are expecting a recession by 2022?  The Mortgage Bankers Association reported mortgage applications decreased 6.2% from last week in their latest Mortgage Applications Survey.  Pending a shift in the market, will iBuyers be ready? In The News: HousingWire – “What does an inverted yield curve really mean for housing, U.S. economy” (8-28-2019) …

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