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Homeownership Rate Remains on the Rise

In the third quarter of 2019, the U.S. homeownership rate rose again, signaling another strong indicator of the current housing market. The U.S. Census Bureau announced, “The homeownership rate of 64.8 percent was not statistically different from the rate in the third quarter 2018 (64.4 percent), but was 0.7 percentage points higher than the rate […]

75 Years of VA Home Loan Benefits

Today, on Veterans Day, we salute those who have served our country in war or peace, and we thank them for their sacrifice. This year marks the 75th anniversary of VA Home Loan Benefit offerings through the Servicemen’s Readjustment Act, also known as the GI Bill. Since 1944, this law has created opportunities for those […]

Forget the Price of the Home. The Cost is What Matters.

Home buying activity (demand) is up, and the number of available listings (supply) is down. When demand outpaces supply, prices appreciate. That’s why firms are beginning to increase their projections for home price appreciation going forward. As an example, CoreLogic increased their 12-month projection for home values from 4.5% to 5.6% over the last few […]

Millennials: Here’s Why the Process is Well Worth It.

Millennials have waited longer than any other generation to become homeowners, but the wait for this cohort is just about over. According to National Mortgage News,  “Millennials, those young adults now aged 23 to 38, are now entering their peak household formation and homebuying years.” If you’re a Millennial, you’re already well aware that you’re […]

Planning on Buying a Home? Be Sure You Know Your Options.

When you’re ready to buy, you’ll need to determine if you prefer the charm of an existing home or the look and feel of a newer build. With limited existing home inventory available today, especially in the starter and middle-level markets, many buyers are considering a new home that’s recently been constructed, or they’re building […]

The #1 Reason to List Your House in the Winter

Many sellers believe spring is the best time to put their homes on the market because buyer demand traditionally increases at that time of year. What they don’t realize is if every homeowner believes the same thing, then that’s when they’ll have the most competition. So, what’s the #1 reason to list your house in […]

Taking the Fear Out of the Mortgage Process

A considerable number of potential buyers shy away from the real estate market because they’re uncertain about the buying process – particularly when it comes to qualifying for a mortgage. For many, the mortgage process can be scary, but it doesn’t have to be!  In order to qualify in today’s market, you’ll need a down […]

How to Determine If You Can Afford to Buy a Home

The gap between the increase in personal income and residential real estate prices has been used to defend the concept that we are experiencing an affordability crisis in housing today. It is true that home prices and wages are two key elements in any affordability equation. There is, however, an extremely important third component to […]

Thinking of Selling Your Home? The Waiting Is The Hardest Part.

Tom Petty famously penned the words, “the waiting is the hardest part” in his early 80’s hit song The Waiting, and his thought process can surprisingly also be applied to individuals considering selling their homes today. Traditional thinking would suggest it may be best to wait until the spring to sell when there is a […]

4 Reasons to Buy a Home This Fall

Here are four great reasons to consider buying a home today, instead of waiting. 1. Prices Will Continue to Rise CoreLogic’s latest Home Price Insights Report shows that home prices have appreciated by 3.6% over the last 12 months. The same report predicts prices will continue to increase at a rate of 5.8% over the next year. The bottom […]

Buying a home can be SCARY…Until you know the FACTS [INFOGRAPHIC]

Some Highlights: Many potential homebuyers believe they need a 20% down payment and a 780 FICO® score to qualify to buy a home. This stops many people from even trying to jump into homeownership! Here are some facts to help take the fear out of the process: 71% of buyers who purchased homes have put […]

Think Prices Have Skyrocketed? Look at Rents.

Much has been written about how residential real estate values have increased since the housing market started its recovery in 2012. However, little has been shared about what has taken place with residential rental prices. Let’s shed a little light on this subject. In the most recent Apartment Rent Report, RentCafe explains how rents have […]

5 Reasons to Consider Living in a Multigenerational Home

Did you know that 1 in 6 Americans currently live in a multigenerational household? According to Generations United, the number of multigenerational households rose from 42.4 million in 2000 to 64 million in 2016. The 2018 Profile of Home Buyers and Sellers from the National Association of Realtors shows that 12% of all buyers have […]

Depending on the Price, You’re Going to Need Advice

To understand today’s complex real estate market, it is critical to have a local, trusted advisor on your side – for more reasons than you may think. In real estate today, there are essentially three different price points in the market: the starter-home market, the middle-home market, and the premium or luxury market. Each one […]

Homes Are Selling Quickly [INFOGRAPHIC]

Some Highlights: The National Association of REALTORS® surveyed their members for the release of their Confidence Index. The REALTORS® Confidence Index is a key indicator of housing market strength based on a monthly survey sent to over 50,000 real estate practitioners. Practitioners are asked about their expectations for home sales, prices, and market conditions. Homes across the country are selling […]

3 Reasons This is NOT the 2008 Real Estate Market

Today’s real estate market is nothing like the 2008 market. When an economic slowdown happens, it won’t resemble the last one. No one knows for sure when the next recession will occur. What is known, however, is that the upcoming economic slowdown will not be caused by a housing market crash, as was the case […]

3 Reasons to Use a Real Estate Pro in a Complex Digital World

If you’re searching for a home online, you’re not alone; lots of people are doing it. The question is, are you using all of your available resources, and are you using them wisely? Here’s why the Internet is a great place to start the home-buying process, and the truth on why it should never be […]

Be on the Lookout for Gen Z: The Next Generation of Homebuyers

Gen Zers are the next generation of homeowners, and they’re eager to jump in and buy their first homes. Whether you are part of this generation or any other, it’s never too early to start saving, so you can reach your homeownership goal sooner rather than later. You’ve likely heard a ton about Millennials, but […]

Existing-Home Sales Report Indicates Now Is a Great Time to Sell

Based on the current state of the market, trends are shifting in favor of sellers. If you are going to sell, now may be the time to take advantage of the number of buyers who are searching for their dream home. The best time to sell anything is when demand for that item is high […]

You Need More Than a Guide. You Need a Sherpa.

In today’s world, hiring an agent who has a finger on the pulse of the market will make your buying or selling experience an educated one. In a normal housing market, whether you’re buying or selling a home, you need an experienced guide to help you navigate the process. You need someone you can turn […]

Homeownership is the Top Contributor to Your Net Worth

Recently two U.S. Census Bureau researchers released their findings on the biggest determinants of household wealth. What they found may help shape your view on building your family’s net worth. Many people plan to build their net worth by buying CDs or stocks, or just having a savings account. Recently, however, Economist Jonathan Eggleston and […]

What FICO® Score Do You Need to Qualify for a Mortgage?

It’s common knowledge that your FICO® score plays an important role in the homebuying process. However, many buyers have misconceptions regarding what exactly is required to get the loans they need. While a recent announcement from CNBC shares that the average national FICO® score has reached an all-time high of 706, the good news for […]

62% of Buyers Are Wrong About Down Payment Needs

Contrary to common misconception, a down payment is often much less than many believe. According to the ‘2019 Home Buyer Report’ conducted by Nerdwallet, many first-time buyers still believe they need a 20% down payment to buy a home in today’s market: “More than 6 in 10 (62%) Americans believe you must put at least 20% down in […]

5 Homebuying Acronyms You Need to Know [INFOGRAPHIC]

Some Highlights: Learning the lingo of homebuying is an important part of feeling successful when buying a home. From APR to P&I, you need to know the acronyms that will come up along the way, and what they mean when you hear them. Your local professionals are here to help you feel confident and informed […]

3 Signs the Housing Market Is on the Rebound

The residential real estate market has been plodding along for most of the year. However, three recent reports show the market may be on the verge of a rebound. The residential real estate market has been plodding along for most of the year. However, three recent reports show the market may be on the verge […]

4 Tips to Improve Your Home and Save on Your Energy Bill

By making a few key upgrades to your home, you’ll save on your utility bills and improve the energy efficiency of your home. When you’re ready to sell your house, these key features will make it even more attractive to potential buyers. As a homeowner, it’s important to keep your home running efficiently, not only […]

What to Expect from Your Home Inspection

You made an offer and it was accepted. Your next task is to have the home inspected prior to closing. Agents often recommend you make your offer contingent upon a clean home inspection. This contingency allows you to renegotiate the price you offered for the home, ask the sellers to cover repairs, or in some […]

Homeowners Are Happy! Renters? Not So Much.

When people talk about homeownership and the American Dream, much of the conversation revolves around the financial benefits of owning a home. However, two recent studies show that the non-financial benefits might be even more valuable. In a recent survey, Bank of America asked homeowners: “Does owning a home make you happier than renting?” 93% […]

Are You Ready for the ‘Black Friday’ of Real Estate?

According to a new study from realtor.com, the week of September 22 is the best time of year to buy a home, making it ‘Black Friday’ for homebuyers. Every year, ‘Black Friday’ is a highly anticipated event for eager shoppers. Some people prepare for weeks, crafting and refining a strategic shopping agenda, determining exactly when […]

Should You Fix Your House Up or Sell Now?

If you’re thinking about remodeling your house before you list it, take a look at these three tips to help you decide if you really need to fix it up before you sell. The answer may surprise you. With the fall season upon us, change is in the air. For many families, children are growing […]

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NAR Addresses Cybersecurity, Says Take Precautions

Posted To: MND NewsWire A securities expert told an audience at the National Association of Realtors’ (NAR’s) annual conference that cybercrimes against real estate agents and companies are increasing at a record-setting pace. Robert Siciliano, CEO of Safr.Me, said those crimes, which include transfer fraud and compromised records in real estate transactions, have increased over […]

Here's what Wall Street is expecting from Trump's New York Economic Club speech

(Please visit the site to view this media) David Wessel, director of the Hutchins Center on Fiscal and Monetary Policy at the Brookings Institution, and Vincent Reinhart, chief economist at BNY Mellon, join "Squawk Box" to discuss what they expect from President Trump's highly-anticipated speech at the New York Economic Club on Tuesday. …(read more) […]

MBS Week Ahead: Bonds Staging at 2019's Most Important Crossroads

Posted To: MBS Commentary 1.90% has been the most important, most dangerous ceiling for 10yr Treasury yields ever since a nasty selling spree stalled out there exactly 2 months ago. We'd been able to avoid an outright confrontation until last week's trade deal optimism and bond supply concerns prompted a surge all the way up […]

Compensation, Sales, Underwriting Tools; Tariffs, Trade, and Rate Primer

Posted To: Pipeline Press Everyone has a different opinion about the economy. “Nobody’s right, if everybody’s wrong” or “Everybody’s right (eventually), if nobody’s wrong.” How many times do we hear, “Even if interest rates are low, tight lending and high home prices stand as barriers to potential buyers.” Global central banks are taking a wait-and-see […]

Leuthold's Paulsen: Economic data is driving bond yields, stock prices higher

(Please visit the site to view this media) The markets have been skittish, waiting for concrete signs of a U.S.-China trade deal. Jim Paulsen, chief investment strategist at the Leuthold Group, and Tom Farley, chairman and CEO of Far Point and former NYSE president, join "Squawk Box" to discuss the markets, including why Paulsen says […]

Boockvar: "The economy's slowing, and we have to deal with that reality"

(Please visit the site to view this media) Peter Boockvar, CIO at Bleakley Advisory Group and CNBC contributor, talks markets, stalled economic growth and the likelihood of a contraction. …(read more) Forward this article via email:  Send a copy of this story to someone you know that may want to read it. Boockvar: "The economy's slowing, […]

The markets think we're in a trade truce, strategist says

(Please visit the site to view this media) Ruchir Sharma, global chief strategist for Morgan Stanley Investment Management, joins "Squawk Box" to discuss the U.S.-China trade talks and their impact on the markets. …(read more) Forward this article via email:  Send a copy of this story to someone you know that may want to read it. […]

Lowered Expectations; Rates at 3-Month Highs; Affordability Highest in 3 Years

If you don’t expect anything good to happen for the bond market for the next few months, I guarantee you won’t be disappointed. If, however, you expect to see a normal amount of resilience and a continued willingness on the part of rates to operate with a 3% handle in the 30yr fixed mortgage world, […]

An increasing number of buyers are purchasing homes with their friends

(Please visit the site to view this media) The number of people buying homes with friends has doubled in the last year. CNBC's Diana Olick reports on what's behind the numbers. …(read more) Forward this article via email:  Send a copy of this story to someone you know that may want to read it. An increasing […]

Housing Affordability at Best Levels in Three Years

Posted To: MND NewsWire One year after hitting a ten-year low, housing affordability has risen to its highest level in three years. Rose Quint, writing in the National Association of Home Builders Eye on Housing Blog , says 63.6 percent of new and existing homes sold in the third quarter of this year were affordable […]

NAR Survey Shows Buyers are Increasingly Older, Less Married

Posted To: MND NewsWire The share of first-time buyers remains well below historic levels according to the National Association of Realtors’ ® (NAR’s) 2019 Profile of Home Buyers and Sellers, and those who do buy frequently need financial assistance from their family. The annual report, derived from a 125-question survey that NAR mails to buyers […]

Trump: No agreement on rolling back China tariffs

(Please visit the site to view this media) CNBC's Eamon Javers reports on new comments from President Trump on the ongoing U.S.-China trade negotiations. …(read more) Forward this article via email:  Send a copy of this story to someone you know that may want to read it. Trump: No agreement on rolling back China tariffs Trump: […]

Consumer sentiment slightly beats expectations, 95.7 vs 95.3 expected

(Please visit the site to view this media) CNBC's Rick Santelli breaks down new economic data on consumer sentiment. …(read more) Forward this article via email:  Send a copy of this story to someone you know that may want to read it. Consumer sentiment slightly beats expectations, 95.7 vs 95.3 expected Consumer sentiment slightly beats expectations, […]

MBS Day Ahead: Lowered Expectations

Posted To: MBS Commentary If you don't expect anything good to happen for the bond market for the next few months, I guarantee you won't be disappointed. If, however, you expect to see a normal amount of resilience and a continued willingness on the part of rates to operate with a 3% handle in the […]

Sen. Tom Cotton: Tariffs are only a tool to stop unfair trade pratices

(Please visit the site to view this media) Sen. Tom Cotton (R—Ark.) joins "Squawk Box" to discuss the latest details out of the U.S.-China trade war. …(read more) Forward this article via email:  Send a copy of this story to someone you know that may want to read it. Sen. Tom Cotton: Tariffs are only a […]

Sales, Audit Tools; Vendors Raising Funds; 10-year Yield's 3 month, 50 bp Move

Posted To: Pipeline Press As rumors swirl about Michael Bloomberg entering the race for president, MLOs are winding down for the year (a few have written to me saying that, after a solid November and 2019, they’ll be coasting during December and try to push closings into 2020 to get a good start on things), […]

Disaster Aftermath Can Make Losses Worse

Posted To: MND NewsWire The storm is over, the fires are out, but anyone who has survived a natural disaster, and that is more of us every year, knows that the problems are just beginning. A new report by CoreLogic looks at how a demand surge sparked by rebuilding efforts may or may not affect […]

MBS RECAP: Big Bad Day; Yes, Trade Headlines Still Matter

Posted To: MBS Commentary It was a big, bad day for the bond market, although the size of the thing ended up getting pared down just a bit in the afternoon. Chalk that up to a counterpoint headline that pushed back against the narrative created by the day's previous headlines. The narrative in question concerns […]

Rates Blasted by Trade Deal Progress; Affordability Improves Despite Strong Home Price Appreciation

Mortgage rates surged higher at a rapid pace for the second time this week. Taken together, the jump is the biggest of its kind since the big rate spike in September, and one of only a handful of weeks in the past 3 years where lenders are quoting rates that are 0.25% higher than the […]

Mortgage Rates Blasted by Trade Deal Progress

Posted To: Mortgage Rate Watch Mortgage rates surged higher at a rapid pace for the second time this week. Taken together, the jump is the biggest of its kind since the big rate spike in September, and one of only a handful of weeks in the past 3 years where lenders are quoting rates that […]

No decision made yet on rollback of China tariffs

(Please visit the site to view this media) CNBC's Kayla Tausche breaks down a Reuters report saying the White House hasn't made a decision to rollback Chinese tariffs. …(read more) Forward this article via email:  Send a copy of this story to someone you know that may want to read it. No decision made yet on […]

Phase 1 trade deal to include rollback of some tariffs: Source

(Please visit the site to view this media) CNBC's Kayla Tausche reports on an agreement being reached between the U.S. and China. The first phase of the trade deal will include a rollback of some tariffs. …(read more) Forward this article via email:  Send a copy of this story to someone you know that may want […]

Treasury auctions $19B in 30-year bonds

(Please visit the site to view this media) CNBC's Rick Santelli reports on how much 30-year bonds are auctioning for. …(read more) Forward this article via email:  Send a copy of this story to someone you know that may want to read it. Treasury auctions B in 30-year bonds Treasury auctions B in 30-year bonds

US and China agree on timetable to roll back tariffs

(Please visit the site to view this media) CNBC's Kayla Tausche reports on new developments in the U.S.-China trade negotiations as the two countries plan on signing a phase one deal. …(read more) Forward this article via email:  Send a copy of this story to someone you know that may want to read it. US and […]

Affordability Improves Even as Appreciation Accelerates

Posted To: MND NewsWire Are home price increases cranking up again? The quarterly report from the National Association of Realtors® (NAR) on existing home sales and metropolitan home prices seem to indicate that is the case. NAR says that the overwhelming majority of the metro areas they track experienced both price gains and very limited […]

MBS Day Ahead: Rising Rate Risks Are Officially Getting Serious

Posted To: MBS Commentary Yesterday brought a brief reprieve for bonds after the first 2 days of the week threatened to confirm a big picture shift toward higher rates (or at least to build a case for such things). But much like the brief rally in the middle of last week, yesterday's rally proved to […]

Appraisal, DPA, Broker, Condo Products; Legal, Settlement News

Posted To: Pipeline Press Thanksgiving will be here before you know it, and with it, pumpkin pie. (Yes, I know that this is a mortgage commentary, but even pumpkins have their share of regulation and controversy, a lead in to mortgage legal issues below.) Pumpkin is a variety of squash belonging to the “Cucurbitaceae”, or […]

Initial jobless claims decline by 8,000 to 211,000

(Please visit the site to view this media) CNBC's Rick Santelli breaks down the latest jobless claims data. …(read more) Forward this article via email:  Send a copy of this story to someone you know that may want to read it. Initial jobless claims decline by 8,000 to 211,000 Initial jobless claims decline by 8,000 to […]

China says there's a deal to phase out tariffs imposed during trade war

(Please visit the site to view this media) China's commerce ministry says the US and China have agreed to phase out the tariffs that were imposed during the trade war. CNBC's Eunice Yoon reports. …(read more) Forward this article via email:  Send a copy of this story to someone you know that may want to read […]

Housing Cost Burden Getting Lighter; Mortgage Apps Hit Seasonal Slump; Rates Look For Ceiling

Mortgage rates were sharply higher yesterday , but managed to reverse course and make some gains today. The refreshing part of the improvement was that the bond market (which underlies rates) was already holding its ground before there was any obvious reason to do so. Simply put, this suggests that investors could view current rates […]