OUR NEWS

Nov 09, 2017

AR Will Show You What Items Can Look Like In Your House

Today’s News Synopsis: Augmented Reality coming to Real Estate.  Borrowing on commercial and multifamily properties increased 21% year-over-year in the third quarter.  In order to keep up with the constant increase in home prices, home buyers would need to save $600 a month. In The News: NAHB – “Los Angeles Takes

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Aug 10, 2017

“Sellers Need a Trusted Adviser (Realtors) They Can Lean On”-Zillow

Today’s News Synopsis: Instant Offers:  Zillow tells you what it is, isn’t, what they learned and where it’s going.  Housing affordability is lower with increased home prices and tight inventory, standing at 29% compared to 32% in the first quarter.  Mortgage rates also decreased again with 30-year rates at 3.9%

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May 11, 2017

Foreclosures Activity Decreases To Lowest in 12 Years

Today’s News Synopsis: Freddie Mac reported mortgage rates continue to hold steady with 30-year rates at 4.05% and 15-year rates at 3.29%.  ATTOM Data Solutions reported foreclosure activity decreased 7% month-over-month and 23% year-over-year to its lowest in 12 years.  Housing affordability increased slightly in the first quarter with 60.3%

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Feb 16, 2017

Housing Affordability at Lowest in 8 Years, Yet Still Remains Positive

Today’s News Synopsis: The latest study from ATTOM Data Solutions showed that of the homes valued at a total of $4.9 trillion, 17.3 million of them are in zip codes where environmental hazards are a high risk.  The latest HUD and Census Bureau reports showed housing starts decreased 2.6% to

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Aug 11, 2016

East Coast Seeing Improvements in Real Estate 4 Years After Hurricane Sandy

Today’s News Synopsis: The estate coast is finally seeing improvements in the real estate market four years after being struck by Hurricane Sandy.  The second quarter saw a decrease in housing affordability with the increase in home prices.  ATTOM Data Solutions released their latest report showing a total of 6.7

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May 12, 2016

Job Openings for Construction Jobs That Remain Open at All-Time High

Today’s News Synopsis:   Freddie Mac reported 30-year mortgage rates, which now stand at 3.57%, are at their lowest since 2013 while 15-year rates stand at 2.81%.  The latest National Delinquency Survey from the Mortgage Bankers Association showed delinquency rates remain relatively the same while foreclosures are continuing to decrease.

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Feb 18, 2016

Mel Watt Speaks on Less GSE Conservatortorship and More Finance Reform

Today’s News Synopsis:   The Mortgage Bankers Association reported a decrease down to 4.77% for mortgage delinquencies while foreclosure loans went down two basis points to 0.36%.  Speaking of mortgages, Freddie Mac reported rates have remained relatively constant with 30-year rates at 3.65% and 15-year rates at 2.95%.  Mel Watt,

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Aug 14, 2015

Mortgages More Affordable Than Renting?

    Sources: Foreclosure Inventory Rate Drops to Below Pre-Recession Levels Nearly All Metro Areas See Home Price Appreciation in Q2 Existing-Home Sales Forecast Revised Downward Despite Recent Surge Mortgage rates reverse course moving higher Foreclosures Hit 16-Year Low While Overall Household Debt is Little Changed The Complex Story of

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Jun 01, 2015

Household debt continues to increases despite delinquency rates showing signs of improvement

    Today’s News Synopsis:   Household debt continues to increases despite delinquency rates showing signs of improvement.  Spending on construction increased 2.2% in April according to the U.S. Census Bureau of the Department of Commerce.  Richard Green is the new senior advisor for HUD’s housing finance.   In The

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May 14, 2015

Mortgage Lending Increased 17% According to RealtyTrac

    Today’s News Synopsis: Home prices increased in April by 6.5% according to the latest report from Redfin.  RealtyTrac reported lending on mortgages increased 17% in the first quarter.  In another story related to mortgages, rates increased again for the third week in a row with 30-year rates now

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