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A resurgence for adjustable mortgages
Source: Jacksonville Daily Record --- Adjustable-rate mortgages are back. “Buyers are addicted to the lower interest rates. You can get between a half and a full point for a five- to seven-year ARM,” said John Adams, area manager of loanDepot Jacksonville’s offices....
Building Blocks: The 10 Cheapest Cities in America To Buy a Newly Constructed Home
Source: Realtor --- Buyers have always paid dearly for the privilege of buying a newly built home. From custom countertops to increased energy efficiency, to that oh, so seductive new-home smell, the benefits aren’t tough to discern. Younger buyers these days largely...
Real Estate In The Digital Age
Source: Forbes --- The Rise of Proptech Real estate is one of the largest asset classes in the world, comprising over $225 trillion; ~$50 trillion in the United States alone. Historically, the industry has been a slow adopter of technology due to its capital intensity...
Housing inventory in Dallas area sinks from bad to worse, homes getting ‘upwards of 50 offers’
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...
‘Competitive’ spring homebuying season is starting early this year, industry analyst says
Source: Fox Business --- Amid concern about rising mortgage rates, homebuyers are entering the market earlier than usual this spring, according to George Ratiu, manager of economic research at Realtor.com. "Markets are experiencing an early start to the spring season...
Housing market demands patience and billingual real estate agents
Source: My Record Journal --- High demand and low inventory of houses, while causing real estate prices in Connecticut and nationwide to increase, are also driving potential buyers to get more informed and be more patient. Leticia Rodríguez, real estate agent at...
Austin Home Prices Have Risen $116,000 in the Last Year, Roughly the Cost of Two Teslas
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 Tesla...
Private Money Real Estate Loans; An Overview of Good Reasons
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
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...
The Wellness Equation: Office Amenities And Spaces Combine To Combat Burnout
Source: Forbes --- Burnout is not a new phenomenon, but it is on the rise as the pandemic makes forced remote work a lingering reality. Even those people who initially embraced work-from-home can’t hide from increased levels of stress and mental fatigue. Too much...
Recent Posts
HUD Updates 14 FHA Policies in Move to Improve Affordability- New Study: More Americans Favor Homebuying Over Renting for the First Time …
- Alabama Home Sales Up Nearly 12% from One Year Ago
- Supreme Court Offers Mixed Ruling in Michigan Equity Theft Case
- Investor Activity in Home Purchasing Holds Steady
