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Nonbank Lenders Are Dominating the Mortgage Market

Nonbank Lenders Are Dominating the Mortgage Market

by Third Party | Jun 24, 2021 | Mortgage Information, News/Current Events, Real Estate News

Source: The Wall Street Journal —  Americans took out more mortgages than ever before in 2020. Most of them didn’t come from banks. Nonbank mortgage lenders in the U.S. issued 68.1% of all mortgages originated in 2020, up from 58.9% in 2019, according to...
The US is short 6.8 million homes, National Association of Realtors says

The US is short 6.8 million homes, National Association of Realtors says

by Third Party | Jun 24, 2021 | News/Current Events, Real Estate News

Source: Business Insider —  Decades of chronic underbuilding left the US housing market with a colossal gap between consumer demand and nationwide supply, according to a new report from the National Association of Realtors. Home sales surged to a breakneck pace...
Existing Midstate home sales have dropped again; real estate market cooling off

Existing Midstate home sales have dropped again; real estate market cooling off

by Third Party | Jun 23, 2021 | Industry Updates, News/Current Events, Real Estate News

Source: ABC 27 —  Soaring prices and limited available properties are discouraging many would-be buyers in the latest real estate market.   Read...
Colorado home sale breaks real estate record by $25.5 million, according to report

Colorado home sale breaks real estate record by $25.5 million, according to report

by Third Party | Jun 22, 2021 | News/Current Events, Real Estate News

Source: Out There Colorado —  A home sale in Aspen, Colorado is going viral, thanks to an unbelievably high closing price of $72.5 million. According to a report published by Aspen Daily News, not only is the sale of a mansion and guest house on Willoughby Way...
These States Have The Hottest Real Estate Markets

These States Have The Hottest Real Estate Markets

by Third Party | Jun 22, 2021 | Industry Updates, News/Current Events, Real Estate News

Source: Financial Advisor Magazine —  If you’re in the market for a new home, be prepared for a bidding war because it’s a seller’s market. Prospective homebuyers across the U.S. are shelling out big bucks for homes during the pandemic, with remote workers and...
HUD Aims to Boost Homeownership for Buyers With High Student Loans

HUD Aims to Boost Homeownership for Buyers With High Student Loans

by Third Party | Jun 21, 2021 | Industry Updates, News/Current Events, Real Estate News

Source:The Wall Street Journal —  The Federal Housing Administration is relaxing the way it assesses student-loan debt when weighing eligibility for homebuying assistance as the Biden administration pushes to help lower-income borrowers and narrow a racial gap...
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