Higher raw material costs, along with continuing shortages, contributed to homeowners underestimating the costs to complete a DIY project.
Read More »Small Metros in Outdoor Areas Popular in 2021
The doozy of a year that the real estate market experienced in 2021 did not just include homeowners, but renters as well with Redfin finding that the average rent kept up rising real estate prices and increased 21% nationally last ...
Read More »Guild Mortgage Appoints New EVP
Russ Fowlie brings 25 years of experience to the table in building long-term relationships to create “customers for life.”
Read More »Online Searches Show Shifting Priorities
Buying a home is typically the largest purchase one makes in their lifetime and with that comes a lot of research. When beginning house shopping, most people tend to start at the same place they go to get all of their questions answered: the internet. Instead of pulling ...
Read More »Planet Home Lending Expands Illinois Presence
The team in Illinois aims to help consumers in the community reach their goals of homeownership and specializes in first-generation and first-time homebuyers.
Read More »From Purchase to Sale: The Timeline for an Average Flip
Profit margins declined in the third quarter of 2021 as prices on flipped homes continued to rise more slowly than they did when investors originally bought their properties.
Read More »Fannie Mae Survey Predicts Return to Normal Market Conditions
Mortgage lenders are predicting the market will return to some semblance of normal in 2022, at least that’s according to Fannie Mae’s Mortgage Lender Sentiment Survey, which is a quarterly poll of senior lending executives to assess their views and outlook across the mortgage market. Among ...
Read More »National Mortgage Delinquency Rate Drops Again
CoreLogic’s Loan Performance Insights Report for September 2021 found that just 3.9% of all mortgages nationwide were in some stage of delinquency (30 days or more past due, including those in foreclosure), a 2.4-percentage point decrease in delinquency compared year-over-year, when the ...
Read More »Biden Nominates Acting Director Thompson to Head FHFA
President Joseph R. Biden has nominated Sandra L. Thompson to the serve as the Director of the Federal Housing Finance Agency (FHFA). Thompson has been serving as the Acting Director since June 2021. “Thompson has over four decades of government experience in financial regulation, risk management, and consumer protection,” said ...
Read More »The Typical Home Sold For $400K This Year
The housing market in 2021 was nothing short of remarkable as it seemingly could not be stopped from rising; even the low points of the year were record breaking. As the economy restarted and began to shake off the pandemic cobwebs, people's habits began to change. Due to ...
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