Real Estate Agent Tools
The Final Word on FICO’s Credit Checks and Inquiries.
Source: Blue Water Credit --- FICO is the preeminent credit reporting service in the United States, with 90% of all lending decisions in the United States dictated by FICO every single day. While there’s a lot of useful information about FICO (including our...
Rate-Conscious Homeowners Are Repeatedly Refinancing Their Mortgages. Is Another Refi Right for You?
Source: Money --- Carlos Barros was elated when he refinanced his mortgage back in May 2020, locking in a 3.125% rate and reducing his monthly payments by about $220. Unfortunately, the feeling didn’t last long. “Just a week or so after I closed on my refinance —...
Understanding the 1% rule for real estate investors
Source: Yahoo! --- Thinking of investing in real estate? Before buying an investment property, you need to make sure that it will generate at least enough money to cover your monthly carrying costs — and, ideally, more. That’s where the 1 percent rule comes into play....
Black real estate developers get rare access to big capital through Philadelphia program
Source: CNBC --- Black Americans represent less than 5% of residential real estate developers, largely because they can’t get equal access to capital, according to a recent report by the Urban Land Institute. Institutional capital – real estate investment trusts and...
HOW TO FIND COMPS IN REAL ESTATE
Source: Ris Media --- How much is a house worth? Knowing the value of a home can be crucial when buying or selling. The location and market trends will be very important, but they aren’t everything. What decides how much your house is worth are the real estate...
INSIGHT: US housing market to hit demographic wall by 2030s
Source: ICIS --- CHARLOTTE, North Carolina (ICIS)–Demographics will weigh heavily on the long-term outlook for the US housing sector as a much smaller Gen Z population reaches prime home-buying age in the first half of the 2030s, according to an ICIS analysis. Housing...
Housing market on the rise? Why pending contracts for home sales have industry buzzing.
Source: USA Today --- A slight decline in mortgage rates in December and January contributed to an improvement in pending home sales for a second consecutive month, according to data released Monday by the National Association of Realtors. The Pending Home Sales Index...
Pending home sales jump by most since June 2020 as housing market looks to rebound
Source: Yahoo! News --- Signed contracts to buy existing homes in the U.S. rose in January in the largest monthly increase since June 2020, as the housing market sets course for rebound mode. The National Association of Realtors’ index of pending home sales climbed...
Mortgage Lending Activity Slumps Across Country to Lowest Point in Nearly Nine Years
ATTOM, a curator of land, property, and real estate data released its fourth-quarter 2022 U.S. Residential Property Mortgage Origination Report, which shows that 1.52 million mortgages secured by residential property (1 to 4 units) were originated in the fourth...
Home prices set for double-digit plunge in major Western US cities: Goldman Sachs
Source: New York Post --- Four US cities that experienced housing booms during the COVID-19 pandemic are set for major declines in home prices by the end of next year, according to Goldman Sachs analysts. The pandemic boomtowns of Austin, Seattle, Phoenix and San...
Realtor.com February Housing Report: Housing Inventory Recovery Continues, Giving Buyers More Options
The U.S. supply of homes for sale rose at a record annual pace for the sixth month in a row, up 67.8% year over year in February, signaling the housing market's continued rebalancing, according to the Realtor.co Monthly Housing Trends Report. Despite the significant...
In March, Mortgage Rates Will Have Little Reason to Fall
Source: Nerd Wallet --- March mortgage rates forecast The economic calendar in March is not friendly to mortgage rates. There's not much on it to motivate rates to fall. After rising sharply in February, mortgage rates are more likely to level off or go up a little...
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