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For Many Home Buyers, a 5% Down Payment Isn’t Enough
Source:The Wall Street Journal --- Would-be home buyers without big piles of cash are getting left on the sidelines. In the turbocharged housing market, prices are surging and homes on the market are routinely selling for far more than the listing price. Those who...
HUD Aims to Boost Homeownership for Buyers With High Student Loans
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 in...
Mortgage Applications Increase in Mid-June
Source: The World Property Journal --- New data from the Mortgage Bankers Association's latest Weekly Mortgage Applications Survey for the week ending June 11th has revealed U.S. mortgage applications increased 4.2 percent from one week earlier. The Market Composite...
Why are margins shrinking and what impact has this had on business?
Source: MPA --- Three mortgage presidents gather to discuss the state of the market
New York real estate pioneer Eugene H. Webb dead at 102
Source: Real Estate Weekly --- Eugene H. Webb, the co-founder and chairman of one of Harlem’s most successful real estate brokerage firms, has died at the age of 102. Born in Red Level, Alabama, on November 24, 1918, during the Spanish Flu pandemic that killed 500...
Single-Family Rental Growth Rate in U.S. Doubles Annually in April
Source: The World Property Journal --- CoreLogic's latest U.S. Single-Family Rent Index (SFRI) shows a national rent increase of 5.3% year over year in April 2021, up from a 2.4% year-over-year increase in April 2020. While rent growth dipped significantly last April...
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