Wells Fargo

Do Your Homework!

Today’s News Synopsis: 7 Mistakes to avoid when renovating an older home.  The Mortgage Bankers Association reported an increase in mortgage credit availability in October, up by 2.5% to 186.7.  Home prices increased 5.6% year-over-year in September according to CoreLogic. In The News: Zillow – “Recovery from the Housing Bust Can Vary Greatly Within Markets” (11-6-2018) …

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Is A Crash Looming?

Today’s News Synopsis: Another Southern California home-price boom is cooling.  Amazon’s HQ2 location search just took a surprise twist.  According to Black Knight Financial Services, the increase in interest rates led to a decrease in the number of people with an interest rate incentive to refinance as well as housing in states now being less affordable …

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Ten Years After The Crash, Gen-X Homeowners Still Lagging Behind

Today’s News Synopsis: Homeowners of Generation X are the ones that are still hurting the most from the Housing Crash and having trouble gaining equity in their homes.  The NAHB reported builder confidence decreased this month, although it continues to stay strong.  A record number of homes was sold this month to international buyers. In …

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Looks Like Amazon Is About To Dip Its Toes Into Real Estate

Sources: Black Knight’s May Mortgage Monitor: Underwater Borrower Population Below Two Million for First Time Since 2006 Higher interest rates send mortgage applications tanking, down 7.4% Mortgage Rates Jump Again With autonomy, commercial real estate could go mobile CoreLogic Reports Mortgage Performance Continues Steady Improvement in April 2017 Yellen Heads to Congress Wondering Why Job …

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Are More People Wanting to Own than Rent? Only Time Will Tell

Sources: The S&P CoreLogic Case-Shiller National Home Price NSA Index Sets Record For Five Consecutive Months Pending home sales tumble as supply crisis worsens 30-Year Fixed Mortgage Rate Hits New Low Q2 2017 U.S. Median Home Price at Least Affordable Level Since Q3 2008 These Are the U.S. Cities Where It Costs Too Much to …

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NAHB Report Shows Builder Confidence Remains Strong

Today’s News Synopsis: The NAHB reported builder confidence continues to remain strong, having decreased only slightly to 67 from 69.  Freddie Mac reported mortgage rates increased slightly after having steadily decreased for a long time; 30-year rates now stand at 3.91% and 15-year rates at 3.18%.  The pace at which homes are selling increased drastically …

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Realtor.com Releases List of Most and Least Affordable Beach Towns

Today’s News Synopsis: Reator.com just released their newest list, this one showing which beach towns are the most and least affordable.  The National Association of Realtors reported a 1.3% decrease in pending home sales in April.  First American Financial Corporation reported loan application defects increased again for the fifth month in a row, North Dakota …

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