Two major lending changes mean it’s suddenly easier to get a mortgage
July 5th, 2017 by tsg92101
The nation’s three major credit rating agencies, Equifax, TransUnion and Experian, will drop tax liens and civil judgments from some consumers’ profiles if the information isn’t complete. Mortgage giants Fannie Mae and Freddie Mac are allowing borrowers to have higher levels of debt and still qualify for a home loan. These changes come at Read More
Homes this spring are selling faster than ever
April 13th, 2017 by tsg92101
Home sales jumped nearly 9 percent in March compared with March 2016, even as the number of homes for sale plunged 13 percent, according to a new report from Redfin. That resulted in the fastest average sales pace since Redfin began tracking in 2010. The typical home went under contract in just 49 days, Read More
Mortgage applications rise 1.5 percent, as interest rates fall to 2017 low.
April 12th, 2017 by tsg92101
Homebuyers dominated the mortgage market last week, but refinancers sat on the sidelines despite the lowest interest rates of the year. Total mortgage application volume rose 1.5 percent on a seasonally adjusted basis for the week from the previous week. Volume was 21 percent lower than during the same week a year ago, according to Read More
Good news for renters nationwide, as occupancy falls again, apartment landlords sweeten the pot.
March 31st, 2017 by tsg92101
By Diana Olick @CNBC If you are a first-time renter or looking to upgrade to a bigger, newer apartment, now may be your best chance. Demand for rental apartments fell short of new supply by about 100,000 units nationwide, according to RealPage, a real estate analytics firm. Apartment occupancy is still high, but it is Read More
This is what’s behind the severe housing drought
March 23rd, 2017 by tsg92101
Lack of starter homes adding to the severe housing drought in the United States. By Diana Olick The supply of homes for sale is now at the lowest level since the National Association of Realtors began tracking inventory 18 years ago. While all real estate is local, the problem is national. From coast to coast, Read More
Shopping for a home? You better act fast.
March 23rd, 2017 by tsg92101
If you’re out shopping for a home this weekend, bring your checkbook. There may still be ice on the ground in much of the nation, but the spring housing market is the hottest it’s been in a decade. Consumer sentiment in both the economy and the housing market is rising and that is translating into Read More
- Two major lending changes mean it’s suddenly easier to get a mortgage
- Homes this spring are selling faster than ever
- Mortgage applications rise 1.5 percent, as interest rates fall to 2017 low.
- Good news for renters nationwide, as occupancy falls again, apartment landlords sweeten the pot.
- This is what’s behind the severe housing drought