Today’s News Synopsis: House flipping hits an 8 year high. Mortgage rates are at a record low with 30-year rates now at 3.29% and 15-year rates at 2.79%. The desire for millennials to buy a home is similar to that of the silent generation. In The News: Freddie Mac – “Mortgage Rates Hit All-Time Low” (3-5-2020) “Freddie …
House Flipping Profits, Though, Not So Much. 8-Year Low Read More »
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 …
Today’s News Synopsis: What are the hottest neighborhoods to keep your eye on this year? Millennials are excited about buying a home, but not so much about the process. Home prices continued to see increases back in November, having increased 3.5% year-over-year. In The News: MSN – “CFPB moves to eliminate mortgage debt-to-income rule for borrowers” …
Today’s News Synopsis: Where are all the renters going? Mortgage applications decreased 1.2% from last week according to the Mortgage Bankers Association. Existing-home sales, meanwhile, increased by 3.6% last month. In The News: Apartment Therapy – “How Much Does It Cost to Rent an RV?” (1-22-2020) “An RV, or recreational vehicle, is best described as a …
Study Shows Denver, CO Is Getting The Biggest Share Read More »
Today’s News Synopsis: Certain words and phrases could help boost your property listings. What are they? Freddie Mac reported mortgage rates began this year by decreasing, putting 30-year rates now at 3.64% and 15-year rates at 3.07%. The latest trend combines millennials with granny-chic for a new style called “grandmillennial.” In The News: Freddie Mac – …
Today’s News Synopsis: Social media factors in Millennial home-buying decisions. Speaking of which, experts believe more Gen Zers will own homes than millennials. Foreclosure activity decreased by 10% month-over-month and 6% year-over-year in November. In The News: Zillow – “More Gen Zers Than Millennials Will Own Homes, Experts Say” (12-16-2019) “The oldest Millennials, who will turn …
Today’s News Synopsis: Will Millennials ever stop renting? Mortgage rates held steady this week with 30-year rates at 3.68% and 15-year rates at 3.14%. The amount of available mortgage credit increased last month by 2.1%. In The News: Freddie Mac – “Mortgage Rates Hold Steady” (12-5-2019) “Freddie Mac (OTCQB: FMCC) today released the results of its Primary Mortgage Market …
Today’s News Synopsis: The 2020 predictions are rolling in. The Mortgage Bankers Association reported mortgage applications decreased 9.2% from last week. Which U.S. cities are the best for biking? In The News: Redfin – “Redfin Unveils the Best U.S. Cities for Biking in 2020” (12-4-2019) “Minneapolis, Portland, OR and Chicago are the most bikeable cities in the U.S. for the second …
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 …
Today’s News Synopsis: Millennials are moving more frequently. Freddie Mac reported mortgage rates remain firm with 30-year rates at 3.65% and 15-year rates at 3.14%. EXp just launched its own version of the instant offer platform. In The News: Freddie Mac – “Mortgage Rates Hold Steady” (10-3-2019) “Freddie Mac (OTCQB: FMCC) today released the results of its Primary Mortgage …