According to Fannie Mae’s recent economic and housing outlook, rates will be rising. But, so will homes sales. Fannie expects strong economic growth from the recent tax cuts and other stimuli in the new budget. Although rates are forecasted to rise above 4%, these should not negatively affect home sales. In fact, it should help. The increase in household disposable…
2018 and beyond will be a home purchase market. What might happen to home sales as rates go higher? Refinances are drying up. But, will home sales and related financing opportunities go the same route when rates jump? “Not necessarily,” says a Redfin, a national Real Estate firm. According to their recent survey, if rates rise above 5%, only about…
There is a major dialogue going on in Congress and the country surrounding what to do with Deferred Action for Childhood Arrivals (DACA), but what about other immigrants who arrive legally? Do they have full access to all we have to offer? They face major challenges in tasks we take for granted, like getting a cell phone, a credit card…
A recent article indicated “Homebuilder sentiment cools in January from 18-year high”. Sounds a little ominous. Like, maybe the jig is up, things are taking a turn for the worse. That couldn’t be further from the truth. Yes, homebuilder sentiment is down from its highest level in 18 years, but by a mere 2 points. The Housing Market Index fell…
You may not like the answer. In the category: “Things you should know, but would rather not,” comes some info on the status of housing. According to a recent ATTOM Data Solution’s Rental Affordability Report, buying a median-priced home is more affordable than renting a comparable property in about 54% of the counties reviewed. Sounds good for mortgage lenders, eh?…
A couple of banks in North Carolina are trying some new tactics to attract more customers, especially Millennials. Millennials have drawn much attention as they now represent the single largest group of consumers. Companies of all sorts, including banks and mortgage lenders, are now vying for their attention and their business. New Dominion Bank of Charlottesville has gone through a…
