Housing Wire

MAY 3, 2022

In this HW+ Slack Q&A, HousingWire Lead Analyst Logan Mohtashami gives the inside scoop on where rates are headed, his insights on the latest economic reports and more. Logan Mohtashami: Yes, purchase application data has always been a useful forward looking indicator for housing, especially when we are dealing with higher mortgage rates.

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Marketing Mortgages Sales As-is 414

Housing Wire

MAY 10, 2022

This article is part of our housing market economic update series. At the end of this series, you can join us on May 10 for a Housing Market Update webinar. While the homeownership rate in the U.S. For Asian Americans the rate is 61.7% months supply, continual rise in home prices, and now rises in rates.

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Mortgages Equity Closing Marketing 442

Housing Wire

MARCH 28, 2022

In this HW+ Slack Q&A , Lead Analyst Logan Mohtashami gives the inside scoop on where rates are headed, whether or not he has updates to his 2022 forecast and more. What has remained the same? However, since I had the possibility of the 10-year yield getting to 2.42% and 4% plus mortgage rates, I accounted for that in the range.

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Marketing Construction Equity Mortgages 370

Housing Wire

APRIL 22, 2022

This week’s HW+ member spotlight features Matthew Blanchard, producing sales manager at Academy Mortgage Corporation. Blanchard previously worked art Loan Depot before joining in growing Academy Mortgage Corporation. HousingWire : What is your current favorite HW+ article and why? I started when I was 10 years old.

Industrial 370

Industrial Equity Land Mortgages 370

Keeping Current Matters

JULY 7, 2021

47% don’t know what a good interest rate is”. As an article recently published by NAR points out : “Many young adults are underestimating how much they need for homeownership, the survey finds. Most experts forecast interest rates will rise in the months ahead, and even the smallest increase can influence your buying power.

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Mortgages As-is Agents 273

Toronto Realty Blog

APRIL 29, 2024

My mortgage is up for renewal in November of 2024. I closed on my current home in August of 2018 and at the time I had a variable rate. But the funny thing about variable versus fixed rates is that they can fluctuate and the gap between them can expand or contract. Where In The World Are Those Rate Cuts?

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Fixed-rate mortgage Banks Lending Mortgages 84

Lighter Side of Real Estate

DECEMBER 13, 2023

mortgage rates will come down. So the recent news that ING Economics predicts that The Federal Reserve will cut rates 6 times starting in the second quarter of 2024 is probably music to your ears! However, when The Federal Reserve raises or lowers rates, it doesn’t directly impact mortgages.

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Mortgages Branding Banks As-is 86

Realty Biz

JUNE 9, 2021

One area to keep a close eye on is whether the current surge of inflation will also bring a surge in mortgage interest rates. There is a very good reason to watch this metric because the rate of inflation traditionally remains below the rate for a 30-year mortgage. That is not the case today.

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Mortgages Fixed-rate mortgage Banks Lending 120

Realty Biz

MAY 22, 2022

The demand for homes remains robust. Despite 30-year mortgages being firmly above a 5% interest rate, mortgage applications for home purchases increased 5% in mid-May. What is different this year is that buyers are turning to adjustable rate mortgages in higher numbers than at any time in the past 14 years.

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Short sale Loans Mortgages Equity 90

Realty Biz

MAY 13, 2022

The combination of rising home prices and rising mortgage rates is putting a damper on buyer demand. On March 16, the Fed raised the interest rate for the first time since 2018. By mid-April, 30-year mortgage rates had risen above 5% for the first time since 2011 (more than a decade).

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Fixed-rate mortgage Marketing Mortgages Construction 77

The Close

FEBRUARY 20, 2024

Anything more than six months is traditionally considered a buyer’s market. What Does a Buyer’s Market Look Like? A buyer’s market means that your buyers have the upper hand in terms of negotiation. At its core, a buyer’s market means that supply is higher than demand. With a buyer’s market, new listings are common. Check out zBuyer at the link.

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Marketing Debt-to-income ratio MLS Pre-approval 94

Housing Wire

MARCH 21, 2024

Unless mortgage rates go lower, that’s what we should expect, because that’s what happened last year. When mortgage rates headed lower at the end of 2022 into 2023, we had 12 weeks of positive weekly purchase application data. So, unless rates go down, this might be the high in sales in 2024.

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Sales Mortgages Days on market Investor 488

HomeLight

JULY 26, 2021

DISCLAIMER: This article is meant for educational purposes only and is not intended to be construed as financial, tax, or legal advice. Should you pay down your mortgage to live debt free, or invest to harness the power of compound interest? Plus, if you prepay your mortgage (i.e., However, the reality is more complicated.

Equity 101

Equity Principal Mortgages Loans 101

HomeLight

APRIL 14, 2023

This is especially true if you intend to take out a mortgage. Others, such as origination fees and interest, are directly related to obtaining a mortgage. “Georgia is good about not having extra fees or high fees,” says Howard Jefferson , a top-performing Georgia real estate agent with 35 years of experience.

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Closing costs Closing Title Loans 89

Toronto Realty Blog

SEPTEMBER 6, 2022

If I take a long Sunday run of 10-15KM, I’ll finish, and my mind is clear. Let’s have a look, and yes, I happened to fashion this into one of my classic “Top Ten” lists… – 1) Interest Rates. Of course, interest rates are tied to inflation, so they’re not mutually exclusive.

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Marketing Banks Sales As-is 81

Marco Santarelli

OCTOBER 18, 2022

Projected Interest Rates in 5 Years. Unless you have a crystal ball that can predict the future, it's impossible to know how much interest rates will rise in the coming five years. In 2022, CBO expects inflation to remain high due to factors that keep supply growing slower than demand in product and labor markets.

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Mortgages Loans Investor As-is 52

Housing Wire

DECEMBER 20, 2021

Even in the extreme conditions of COVID-19, my general premise on housing economics predicted that the two variables with the most influence — demographics and mortgage rates — would hold up the housing market. The 10-year yield and mortgage rates. The forecast.

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Mortgages Sales As-is Construction 543

Toronto Realty Blog

DECEMBER 4, 2023

2) CMHC 3) The Bank of Canada 4) Lenders 5) Realtors 6) Society 7) Buyers 8) The Free Market Wow, this was so, so long ago. And yet not long after I wrote “The Blame Game” and named those eight sources for blame, society found a new culprit and one that remained an evil-doer for quite some time: Foreign buyers.

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Investor Construction Equity Finance 68

HomeLight

MARCH 31, 2021

The Georgia Association of Realtors reports that closing costs in Georgia typically range 5% to 10% of the home’s sale price. You must pay off your mortgage before you transfer the title to your house. Loan payoff includes the remaining principal and interest owed up until closing. Loan payoff amount. Property taxes.

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Closing costs Closing Purchase and sale agreement Title search 93

Marco Santarelli

OCTOBER 16, 2022

You need to consider the long-term value of the properties you are buying and the capitalization rate of return that is expected from your real estate investments. This article will provide some great tips so that you can make money in the real estate industry. In addition, the firm ensures that your property never remains vacant.

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Investor Property Management Equity Banks 98

HomeLight

APRIL 29, 2021

In Delaware, sellers typically pay 6% to 10% of the home’s sale price in closing costs. You must pay off your mortgage before you can transfer the title to a new owner. Loan payoff includes the remaining principal and interest owed up until closing. Delaware has one of the lowest median property tax rates in the country.

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Closing costs Closing Seller concession Homeowner’s association 60

The Close

SEPTEMBER 2, 2020

In this article, I will give you tips on how to write emails that will generate consistent referrals and repeat business. 3 What fees do I have to pay to sell my home? 10 How long does it take to buy a home? 10 How long does it take to buy a home? 14 What is mortgage insurance? 7 What is rent to own?

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Purchase and sale agreement Renovation VA loan Pre-approval 124

HomeLight

SEPTEMBER 30, 2021

DISCLAIMER: This article is meant for educational purposes only and is not intended to be construed as financial, tax, or legal advice. You’d like to sell your current home, but the mortgage isn’t paid off yet. Most of my sellers have a mortgage,” echoes Rebecca Carter, a top real estate agent in Knoxville, Tennessee.

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Mortgages Debt-to-income ratio Equity Closing costs 99

Marco Santarelli

FEBRUARY 25, 2023

Cape Coral Housing Market Trends in 2023 The housing market in Cape Coral, Florida, has seen steady growth over the years, and in 2023 it continues to remain a balanced market, with a good supply of homes available for sale. The Cape Coral housing market is considered somewhat competitive, with a Redfin Compete Score of 51 out of 100.

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Marketing Investor Days on market Sales 98

The Close

NOVEMBER 25, 2022

In this article, I will help you decide just that. 3 Reasons Becoming a Military Relocation Professional Is an Ideal Niche. Step 3: Learn Lead Generation & Marketing Strategies to Attract Military Buyers & Sellers. But is it the right niche for you? They are not moving by choice! Easy financing through VA loans.

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VA loan Loans Loan Officer Finance 79

A Student of the Real Estate Game

OCTOBER 2, 2020

Residents who would typically be evicted for non-payment or skip to avoid eviction, are hunkering down and remaining in place while building up large delinquent balances. At a typical Class B/C community, you could expect 1-3 evictions per month. As of September, the unemployment rate was 7.9%. That’s not going to happen.

Equity 59

Equity As-is Loans Marketing 59

Norada Real Estate

MAY 25, 2022

There has been a steady increase in Birmingham home values at 10% in the past year. Crime rates are minimal in the area meaning security over time is improving. An interesting fact about Birmingham is that the rent percentage of housing is higher than the buying rate. The buying rate is at 47% while renting rate is at 53%.

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Investor Development Marketing As-is 98

Point2Homes

NOVEMBER 22, 2020

The average savings rate in the last decade was 8%. Considering savings rates, median incomes and median home prices, the time needed to save for a 20% down payment in the 100 largest U.S. Considering savings rates, median incomes and median home prices, the time needed to save for a 20% down payment in the 100 largest U.S.

Finance 96

Finance Loans As-is Marketing 96

Point2Homes

MAY 25, 2021

The quotes below and throughout the article represent the most common answers: Buying now will at least give you more space inside and outside the home. The share of people who expected to buy in the future has remained largely unchanged, but those who expected to buy in the next six months are much fewer compared to 2020.

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Pre-approval Agents Marketing Closing 95

The Close

AUGUST 18, 2022

And since almost every other demographic is sick of online ads, prospecting letters tend to have an excellent response rate. For this article, we pulled together 19 of the best real estate prospecting letters to help you connect with buyers, FSBOs, newly divorced homeowners, expired listings, and more. Related Article.

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Purchase and sale agreement Title Closing Short sale 98

The Close

FEBRUARY 6, 2024

My clients beat out the other 10 offers and couldn’t have been happier. By contrast, 10% over asking on a $400,000 home is an additional $40,000. That may sound like a lot to add, but when your buyers roll it into their mortgage, it should not change their monthly payment so much that it prevents them from qualifying for their loan.

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Pre-approval Earnest money deposit Inspection Inspection contingency 75

Housing Wire

MAY 2, 2022

This article is part of our housing market update series. At the end of this series, you can join us on May 10 for a Housing Market Update webinar. As a result, markets were quick to respond, driving mortgage spreads and rates much higher than most experts expected by this time of year. The impact on housing markets.

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Marketing Equity Loans Investor 382

Dwell Real Estate

OCTOBER 25, 2022

Below is an article from the Wall Street Journal with their 2022 rankings of how metro areas across America stack up. You can read the original article here. Home-buying demand remained robust in low-cost cities but rising mortgage rates have made most home purchases less affordable, pushing many buyers out of the market.

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Marketing As-is Land Loans 98

Realtor.com

DECEMBER 7, 2019

The lender could decide to lower the total loan amount, spike the interest rate, disqualify you from a certain loan, or a myriad of other “ oh crap” situations. Bottom line: Talk it over with your Realtor and mortgage broker and find out just how confident you should be in your financing. Fear factor: 3.

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Pre-approval Title search Title Inspection 90

Marco Santarelli

JANUARY 2, 2021

We once had a trainer teaching at one of our seminars who went from a net worth of $250 thousand to over $600 million in only 3 years. They think they’re doomed to remain in poverty. The mindset of the rich is the most decisive reason why “the rich keep getting richer, while the poor get poorer.” So, which mindset do you have?

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As-is Development Design Industrial 124

Marco Santarelli

SEPTEMBER 6, 2020

We are not suggesting using crowdfunding instead of applying for a mortgage. You get a higher interest rate than you would if it sat in a money market account. You can choose the loan duration, whether they’re using crowdfunding to save money on hard money loans or in place of a mortgage. Real Estate Crowdfunding.

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Lending Loans Investor Branding 135

Keeping Current Matters

AUGUST 18, 2021

An article from the Wall Street Journal shows this is true for new home construction: “ Home builders have sold more homes than they can build. The article quotes David Auld, CEO of D.R. Though home prices have risen dramatically over the last 18 months, mortgage rates remain near historic lows. Horton Inc.

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Equity Principal Sales Construction 252