It looks as though home refinancing may be down, but not yet out. Although overall home refinancing has declined, lenders are beginning to see a slight resurgence in requests for cash out refinances. This is due to the increase in home equity, the continued low-interest rates and an increase in consumer debt. Current homeowners see an opportunity to trade high-interest…
Did you know that more Millennial women than men made FHA financed, primary home purchases in 2016? This was reported by Ellie Mae based on information obtained from their Millennial Tracker Report. Who knew such a tracking mechanism existed, but obviously it does. Based on the report, the use of FHA financing to purchase their primary home was: 41% of…
Seems not everyone is upset by the election of our new President. According to Fannie Mae’s January Home Purchase Sentiment Index, consumers have a more positive outlook for housing. That’s a good thing. Patti LaBelle sang it like this… I’m feeling good from my hat to my shoe Know where I’m going and I know what to do I’ve tidied…
The Consumer Confidence Index, as measured and reported by the Conference Board of New York, slipped slightly in January after hitting a record high in December. This may be somewhat due to consumers settling in after the November elections. Although the Expectations Index fell to 99.8 from 106.4, the Present Situation Index actually increased to 129.7 from 123.5. So, it…
Remax announced the creation of Motto Mortgage as a franchise based mortgage lending operation to be offered to Remax Real Estate franchise owners. I wrote about this in my blog of January 18, 2017. (New Twist) Now, here comes another Real Estate Brokerage offering their home buyers an end-to-end one-stop shopping experience. Seattle-based, Redfin, which services over 80 markets throughout…
It probably doesn’t mean much to the Atlanta Falcons at this point, but the new year is off to a strong start, at least as far as jobs are concerned. According to the most recent stats from the US Bureau of Labor, jobs are up, particularly in construction. This is 76 straight months of job growth, with January evidencing a…
