Like those TV drama series, the mortgage market is poised for its winter season finale. We are faced with all kinds of suspense coming from what might happen in 2018. Based on current headlines, we see: An increase in home buyer and seller sentiment A forecast for rising interest rates A shortage of housing Increasing home equity Increased FHFA and…
Are Millennials Ready to Buy? We’ve been hearing for a while that the Millennial generation is poised to start buying homes. Fannie Mae and USC research appear to show it will be in 2018. That would be great for Builders, Realtors and mortgage lenders. If you build it – will they come? Builders are banking on it. With the shortage…
As the Rolling Stones sang, “If you try sometimes you might find you get what you need.” If Brian Montgomery is confirmed by the full Senate as the new FHA Commissioner, and it is reported he will be, Realtors and mortgage lenders are looking for FHA to reduce their mortgage insurance premiums. He may try but it appears he may…
According to a survey of mortgage banking executives, conducted at the MBA National Convention in Denver by Genworth Financial, there’s some good news on the home buying front. The survey results indicate that we’ll see the first-time home buyer segment of home purchases growing at a faster pace than other home sales. According to respondents: 57% see the first-time buyer’s…
Based on what we hear from the news media, it seems that President Trump just can’t do anything right. No matter what the situation or decision, it’s reported that he gets it all wrong. Turns out that maybe one of his first decisions after taking office was a good one. He suspended the outgoing administration’s move to further lower the…
Move over Trulia, Redfin, Zillow, and Realtor.com. There’s a new listing site in town. Facebook, the world’s largest social interaction site is jumping into the rental housing listing business. Facebook is seriously expanding their real estate section of their Marketplace teaming up with Zumper and Apartment List.com to list available rental units there. This is their challenge to existing sites…
