Buying a home and sticking to it is becoming a way of the past as more and more members of the Millennial generation and Generation Z who currently live in a home are planning to move in the next 12 ...
Read More »A Modest Suggestion for a New Era
Americans have a lot invested in residential real estate, about $12 Trillion by way of traditional first mortgages on single-family homes. While that number may be shocking, 70% of that debt has been financed by four government agencies Freddie Mac ...
Read More »Homes Are Statistically More Affordable Than They Were in 2006
First American Financial Corporation has released its latest iteration of their Real House Price Index (RHPI) for January 2022, which measures the price changes of single-family properties across national, state, and metropolitan areas, which are adjusted based on income, interest ...
Read More »Outlook: Buyers and Inventory Will Return by 2024
Now is a great time to own a home, but not so much if you are trying to buy one. First-time buyers are fighting a war on multiple fronts, trying to balance rising home prices and interest rates with near ...
Read More »Padgett Law Group Receives ‘No-Objections’ Status from GSEs
Padgett Law Group (PLG) has announced the firm has received its no-objection status from Fannie Mae and Freddie Mac, clearing the final administrative task in entering the firm’s newest state of full-service creditors’ rights operations, Pennsylvania. The build-out of PLG’s ...
Read More »February Foreclosure Starts Dip Following Prior Month’s Spike
According to Black Knight's “first look” at February 2022 mortgage data, the January surge reversed course in February, but even the higher number still trailed pre-pandemic levels. Here's what else the data reveals
Read More »Your Home Probably Earned More Than You Did Last Year
There Are 2,080 work hours in a year, assuming a standard 40-hour work week, and depending on your job, your earnings may vary widely. But according to Zillow, if you owned a home last year in a major metropolitan Area, ...
Read More »Military Conflict Complicates Fannie Mae’s Estimates
No matter what you call it, the conflict in Ukraine is creating worldwide macroeconomic events that will trickle down to every segment of the economy over the course of the year. Knowing this, the Economic and Strategic Research Group (ESR) at ...
Read More »Median Sale Price in February Hits $357,300
Continuing a pattern of recent rises and declines over the last few months, existing home sales dropped in February 2022 according to the Existing Home Sales Report from the National Association of Realtors (NAR). The NAR recorded a seasonally adjusted ...
Read More »AAG Names New Chief Administrative Officer
American Advisors Group (AAG), a company that creates home equity solutions for seniors, announced Scott Slifer as their new Chief Administrative Officer. Part of AAG's 2022 growth and expansion plan, the move is the latest in a series of high-profile leadership acquisitions. As Chief ...
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