According to Freddie Mac, 2017 will likely be the best year for housing in a decade. What is unusual are the findings from the fifth annual America at Home survey that indicates several perceived barriers to homeownership. A lack of down payment, credit concerns and student loan debt prevented many from achieving homeownership according to survey respondents, which consisted in part of 500 millennials.
In September, we saw existing home sales rise for the first time in three months. Then, in October, the market got even hotter with existing home sales increasing to their strongest pace since earlier this summer. However, supply and demand weren’t quite in sync—there were fewer closings on an annual basis for the second straight month due to supply shortages.
It is the end of the first week of December. It is time to focus on the holidays for many. That focus can put many homebuyers in a holding pattern until the New Year.
Most lenders have adjusted to TRID disclosure requirements and closings happen on time. Fannie, Freddie and the FHA pretty much drive underwriting standards. While we all wish it was easier to get credit, where we are now is probably a good place to sustain the market and avoid foreclosures.
Forming strong business relationships with a loan officer takes time and effort. These relationships are central to your performance and success and should never be under estimated or taken for granted. When it comes to choosing a lender or lenders, you want to look beyond just interest rates and product selection. Your clients are valuable and sharing them with a lender that can’t deliver puts future referrals at risk.
If you find yourself struggling to find something to post on Facebook, Twitter or your other social media sites, here are 10 things you can post anytime.
So we are well into the Christmas shopping season as we are now past Thanksgiving and the Black Friday shop-o-rama that online seems to be ruining. We may be seeing the end of the tradition that many of us first remember as grainy newsreel images of parents fighting over cabbage dolls.
Recent data indicates that more housing markets may be overvalued. According to CoreLogic when looked at nationally home prices rose 7% in September compared to September of last year. This means that 25 of the top 50 housing markets are considered overvalued.
Thanksgiving is unique in that there are no presents involved. The idea is simple - to give thanks for family, friends, and colleagues, and for the things we’re grateful for that have happened over the past twelve months.
Believe it or not the cost of groceries has declined over the last year. Depending on where you shop, you might not have noticed the change. But, even with prices coming down, the cost of putting good healthy food on the table for you and your family can be prohibitive.