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Housing inventory in Dallas area sinks from bad to worse, homes getting ‘upwards of 50 offers’

Housing inventory in Dallas area sinks from bad to worse, homes getting ‘upwards of 50 offers’

by Third Party | Mar 15, 2022 | Industry Updates, Mortgage Information, News/Current Events, Real Estate News

Source: WFAA —  DALLAS — The supply of houses in the Dallas area has sunk from bad to worse for buyers, with market inventory decreasing by more than half year over year.  The decrease of 53.3% locally in January is more than three times the national average...
How Fed’s first rate hike in more than 3 years will affect credit card, mortgage, savings rates

How Fed’s first rate hike in more than 3 years will affect credit card, mortgage, savings rates

by Third Party | Mar 15, 2022 | Industry Updates, Mortgage Information

Source: USA Today —  Consumer borrowing costs are headed higher. Much higher. With the Federal Reserve set to raise its key short-term interest rate by a quarter percentage point Wednesday, Americans will soon see higher rates on everything from credit cards to...
Austin Home Prices Have Risen $116,000 in the Last Year, Roughly the Cost of Two Teslas

Austin Home Prices Have Risen $116,000 in the Last Year, Roughly the Cost of Two Teslas

by Third Party | Mar 14, 2022 | Mortgage Information, News/Current Events, Real Estate News

Source: Housing Wire —  A homebuyer today could purchase the typical Austin home for $485,000. But if they could go back in time to January 2021, they could have bought a home and two Teslas for the same price.  Put another way, someone could purchase both a...
Private Money Real Estate Loans; An Overview of Good Reasons

Private Money Real Estate Loans; An Overview of Good Reasons

by Dan Harkey | Mar 14, 2022 | Industry Updates, Mortgage Information, News/Current Events, Real Estate Agent Tools, Real Estate News

A subset of the real estate lending business exists where the loans are funded by private party investors rather than banks or other institutional lenders. This is referred to as bridge lending, private party lending, or hard money lending. The purpose of these...
70% of homebuyers had at least one regret about experience

70% of homebuyers had at least one regret about experience

by Third Party | Mar 14, 2022 | Mortgage Information, News/Current Events, Real Estate News

Source: Scotsman Guide —  A newly published survey from HomeLight revealed some dismaying, although not necessarily shocking, impacts of the historically competitive housing market on consumer psychology. Among other takeaways, the survey (which polled more than...
Can I Claim the Mortgage Interest Deduction?

Can I Claim the Mortgage Interest Deduction?

by Third Party | Mar 14, 2022 | Mortgage Information, News/Current Events

Source: House Logic —  Like most homeowners over the past couple of years, you may have discovered that you can no longer write off your property taxes or claim the mortgage interest deduction. That doesn’t necessarily mean your taxes went up. The change is...
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