Is it a race against the clock? A mortgage refinancing spree is here
Some 2.43 million homeowners can reduce their mortgage interest rate by refinancing, according to a recent mortgage report by Black Knight, a mortgage data and analytics company. One such way to do this is through cash-out refinancing, an increasingly popular way for homeowners to draw equity from their homes while lowering their interest rate. Refi applications have […]
Are lenders more likely to say yes in 2019 to refinancing applications?
It’s easier to qualify to refinance If you tried and failed to refinance in the past, 2019 might be your year to qualify to refinance. Lenders are allowing higher debt-to-income ratios Average credit scores for approved loans are falling Down payments/equity are lower All of these things are good if you plan to buy a […]
Mortgage applications rebound in new year after a sluggish December
Consumers reacted in a big way to falling interest rates as mortgage applications increased 23.5% from one week earlier, according to the Mortgage Bankers Association. This week’s results include an adjustment for the New Year’s Day holiday. During December, even as interest rates dropped, mortgage application activity also declined. The MBA’s Weekly Mortgage Applications Survey […]
Are baby boomers to blame for the lack of housing inventory?
For once, it’s not the millennials‘ fault. Existing-home sales are on pace to fall 2.3% year-over-year in 2018, and the baby boomer generation is a big reason why, according to Fannie Mae Chief Economist Doug Duncan. Housing supply has been an ongoing challenge in the residential real estate market and unfortunately, the industry can’t just […]
12 housing markets where it takes the longest to save for a 20% down payment
With rising house prices largely driven by the inventory shortage, the time it takes a potential homebuyer to save for a 20% down payment is only likely to increase going forward. Nationwide, for a couple, it takes 4.6 years to save enough to make a 20% down payment on a home, according to a study from […]
5 tips for prospecting a whole new way to Leveraging data
Leveraging data provides agents and brokers with action items and opportunities they can execute right now. With the many avenues made available to real estate agents for lead generation — and all the wooing of buyers and sellers that has to be done even after money has been paid out for online leads and portal placement — one […]
3 Things to Expect in the Housing Market in 2018 | You should focus on them
Here are the current trends and how to tap them to grow your business The real estate industry is booming and is the healthiest it’s been in the last 30 years. Home prices and sales are close to where they were during the housing boom — but there is none of the drama involved because […]
What Do Millennials Want in a Home?
Millennials—those who are in their 20s or early 30s—are the rising generation of homeowners. Their choices, values, and lifestyles are quite different from older generations. When it comes to buying a home, their careers, proximity to friends, and experiences are usually more important to them than the expanse of the property. Functionality wins over the […]
Advice for New Real Estate Agents
If you are a new real estate agent, you probably already know that it can be tough to get your name out there in order to get your professional reputation going. Finding clients can be a huge challenge. This is especially true in the first few months of being an agent. Listings are a great […]
Big Data Predictions
Big data was perhaps the biggest buzzword in 2013. People often used the phrase inappropriately without fully understanding what big data meant. This year they are going to understand the concept better. The year 2013 was a big year for ‘Big Data’. Although the big data technology didn’t improve much in 2013, the term sort […]
