Today’s News Synopsis: More multifamily home construction took place in the blue states where more people voted for Hillary, while more single-family homes were built in the red states after Trump’s win. Mortgage delinquencies for commercial and multifamily properties remained low in the fourth quarter last year. Home prices increased 4% year-over-year according to CoreLogic. …
Today’s News Synopsis: Co-living, college dorm life for adults. How are mortgage rates connected to the coronavirus? Confidence in the multifamily builder and development sector remained the same. In The News: Realtor Magazine – “Credit Scores Nationally Surge to Record High” (3-2-2020) “Americans’ credit scores are improving, particularly among millennials. The average FICO score in the …
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Today’s News Synopsis: Eminent domain in the name of affordable housing? Mortgage maturity volume for both commercial and multifamily properties are expected to increase by 48% this year. If you are holding out to buy until house prices drop, you may be waiting longer than you think. In The News: Reason – “L.A. Politicians Want To …
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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: House-flipping is just the start of Zillow’s evolution. Mortgage rates fell back this week with 30-year rates now at 3.66% and 15-year rates at 3.15%. Existing home sales increased by 1.9% last month according to the National Association of Realtors. In The News: Freddie Mac – “Mortgage Rates Rescind” (11-21-2019) “Freddie Mac (OTCQB: FMCC) …
Today’s News Synopsis: Opportunity Zones! Mortgage rates decreased this week with 30-year rates now at 3.69% and 15-year rates at 3.13%. Where are the 20 hottest real estate markets? In The News: Realtor.com – “The 20 Hottest Markets in Real Estate, October 2019: Why Ohio?” (11-7-2019) “Ohio may be considered flyover country by those living in …
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Today’s News Synopsis: Think you’re good at negotiations? The Mortgage Bankers Association reported mortgage debt for commercial and multifamily increased $51.9 billion in the second quarter, or 1.5%. iBuyers could be posing a threat to the MLS system. In The News: Mortgage Bankers Association – “Commercial/Multifamily Mortgage Debt Increased $51.9 Billion in the Second Quarter …
Today’s News Synopsis: Abodu becomes San Jose’s first pre-approved ADU builder. Home prices are going down after having seen increases for a long time, but that may not necessarily be a good thing. Experts expect to see a shortage in housing construction until at least 2022. In The News: MarketWatch – “The surprising ways foreclosures make …
Today’s News Synopsis: According to a top real estate agent, your complex smart home system could actually be making your home unsellable. What do you need to be saving every day in order to afford a home in one of the top 11 cities? Of the homebuyers with kids, half of them purchase their home …
Today’s News Synopsis: Home trends you may regret in 20 years. The amount of mortgage credit available increased last month according to the Mortgage Bankers Association. Foreclosures saw their lowest rate in 20 years in March according to CoreLogic. In The News: Mortgage Bankers Association – “Mortgage Credit Availability Increased in May” (6-11-2019) “Mortgage credit availability …