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Mortgage applications inch up for the first time in five weeks

Mortgage applications inch up for the first time in five weeks

by Third Party | Aug 4, 2022 | Industry Updates, Mortgage Information, News/Current Events, U.S. Housing Market

Source: CNBC —  Mortgage applications inched up last week for the first time since June 24. Total mortgage demand increased 1.2% as the average 30-year fixed mortgage rate made the largest weekly drop since 2020. Applications to refinance a home rose 2%,...
Omaha commercial real estate summit to address changing industry

Omaha commercial real estate summit to address changing industry

by Third Party | Aug 4, 2022 | Industry Updates, Real Estate Agent Tools, Real Estate News

Source: Omaha Daily Herald —  The commercial real estate world is changing by the day with rising interest rates, supply chain delays and re-envisioning the modern office space.  Professionals in the industry will gather for the annual Commercial Real Estate...
The rise of high-tech real estate investing platforms and their effect on housing affordability

The rise of high-tech real estate investing platforms and their effect on housing affordability

by Third Party | Aug 4, 2022 | Industry Updates, Real Estate Agent Tools, Real Estate News

Source: Geek Wire —  Real estate tech startups are making it easier for people to invest and manage property. But critics argue that these software companies and their business models are gobbling up the limited amount of available housing in the process,...
Mapped: The Salary You Need to Buy a Home in 50 U.S. Cities

Mapped: The Salary You Need to Buy a Home in 50 U.S. Cities

by Third Party | Aug 3, 2022 | Industry Updates, News/Current Events, Real Estate Agent Tools, U.S. Housing Market

Source: Visual Capitalist —  This is the Salary You Need to Buy a Home in 50 U.S. Cities Depending on where you live, owning a home may seem like a far off dream or it could be fairly realistic. In New York City, for example, a person needs to be making at least...
Pablo Quintanilla: The Ghosts of Home Ownership

Pablo Quintanilla: The Ghosts of Home Ownership

by Third Party | Aug 3, 2022 | Industry Updates, Mortgage Information, News/Current Events

Source: KQED —  Hispanic homeownership in the U.S. climbed significantly in 2020 – there are now 8.8 million Hispanic homeowners in the country, according to a report released this week by the National Association of Hispanic Real Estate Professionals. That’s...
Total Household Debt Surpasses $16 trillion in Q2 2022; Mortgage, Auto Loan, and Credit Card Balances Increase

Total Household Debt Surpasses $16 trillion in Q2 2022; Mortgage, Auto Loan, and Credit Card Balances Increase

by Third Party | Aug 3, 2022 | Industry Updates, Mortgage Information, News/Current Events

Source: New York Fed —  NEW YORK – The Federal Reserve Bank of New York’s Center for Microeconomic Data today issued its Quarterly Report on Household Debt and Credit. The Report shows an increase in total household debt in the second quarter of 2022,...
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