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Top 5 Reasons Why Millennials Choose to Buy [INFOGRAPHIC]

Some Highlights: “The majority of millennials said they consider owning a home more sensible than renting for both financial and lifestyle reasons — including control of living space, flexibility in future decisions, privacy and security, and living in a nice home.” The top reason millennials choose to buy is to have control over their living […]

Report: Homeownership Is a Precondition of the American Dream

Hearth just released their 2017 State of the American Dream report which showed that Americans still see homeownership as an integral piece of the American Dream. The report confirmed that “all generations–including millennials–agree homeownership is very important to achieving the American Dream.” Americans ranked “owning a home I love” higher than any other options (including […]

Happily Ever Homeowner

Married couples once again dominated the first-time homebuyer statistics last year at 66% of all buyers, according to the most recent Profile of Home Buyers & Sellers. It is no surprise that having two incomes to save for down payments and contribute to monthly housing costs makes buying a home more attainable. Many couples are […]

Looking for Your Dream Home? Know What You Want vs. What You Need

In this day and age of being able to shop for anything anywhere, it is really important to know what you’re looking for when you start your home search. If you’ve been thinking about buying a home of your own for some time now, you’ve probably come up with a list of things that you’d […]

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 Index reports that home prices have appreciated by 6.7% over the last 12 months. The same report predicts that prices will continue to increase at a rate of 5.0% over the next year. The […]

How Supply and Demand Impacts Real Estate Home Values [INFOGRAPHIC]

Some Highlights: The concept of supply & demand is a simple one. The best time to sell something is when the supply of that item is low & the demand for that item is high! Anything under a 6-month supply is a seller’s market! Nationally, there has not been a 6-months inventory supply since August […]

America Needs Your House!!

The biggest challenge in today’s real estate market is a lack of housing inventory. How big of a challenge is the housing shortage? Here are what four industry economists are saying on the issue (emphases added): Mark Fleming, First American’s Chief Economist “The underlying fundamental issue is an overwhelming lack of supply… The supply of […]

Homeowners: Do You Know Your Home’s Value?

The latest edition of CoreLogic’s Home Price Index shows that nationally, home prices have appreciated 6.7% over the last year and 0.9% month-over-month. The release of the report included this headline,  “National Home Prices Now 50% Above March 2011 Bottom” The real estate market has come a long way since 2011, which is great news […]

How Your Home’s Value Grows Your Family’s Wealth

Over the next five years, home prices are expected to appreciate 3.64% per year on average and to grow by 18.4% cumulatively, according to Pulsenomics’ most recent Home Price Expectation Survey. So, what does this mean for homeowners and their equity position? As an example, let’s assume a young couple purchased and closed on a $250,000 home in January. […]

14,904 Homes Sold Yesterday… Did Yours?

There are some homeowners who are patiently waiting to get the price they hoped for when they originally listed their houses for sale. Something these homeowners might want to take into consideration is the fact that if their homes haven’t sold yet, maybe they’re not priced properly. After all, 14,904 houses sold yesterday, 14,904 will sell today, and […]

Top 5 A+ Reasons to Hire a Real Estate Pro [INFOGRAPHIC]

Some Highlights: Hiring a real estate professional to buy your dream home, or sell your current house, is one of the most ‘educated’ decisions you can make! A real estate professional has the experience needed to help you through the entire process. Make sure that you hire someone who knows current market conditions & can simply […]

Empty Nesters: Best to Remodel or Time to Sell?

Your children have finally moved out and you and your spouse now live alone in a four-bedroom colonial (or a similar type of house). You have two choices to make: Remodel your house to fit your current lifestyle and needs Sell your house and purchase the perfect home Based on the record of dollars spent […]

Number of Buyers Putting Down Less Than 10% Hits 7-Year High

According to Black Knight Financial Service’s Mortgage Monitor Report, 1.5 million Americans have purchased a home with down payments under than 10% over the last 12 months. This is great news for buyers as this marks a 7-year high. Many mortgage programs offered by agencies like Freddie Mac and Fannie Mae allow buyers to put […]

Where Are the Home Prices Heading in The Next 5 Years?

Today, many real estate conversations center on housing prices and where they may be headed. That is why we like the Home Price Expectation Survey. Every quarter, Pulsenomics surveys a nationwide panel of over one hundred economists, real estate experts, and investment & market strategists about where they believe prices are headed over the next five years. They […]

Don’t Disqualify Yourself… 52% of Approved Loans Have A FICO® Score Under 750

The results of countless studies have shown that potential home buyers, and even current homeowners, have an inflated view of what is really required to qualify for a mortgage in today’s market. One such study by the Wharton School of Business at the University of Pennsylvania revealed that many millennials have not yet considered purchasing homes simply because […]

Home Prices Up 6.64% Across the Country! [INFOGRAPHIC]

Some Highlights: The Federal Housing Finance Agency (FHFA) recently released their latest Quarterly Home Price Index report. In the report, home prices are compared both regionally and by state. Based on the latest numbers, if you plan on relocating to another state, waiting to move may end up costing you more! Alaska & West Virginia were the only states […]

Study: FSBOs Don’t Save Real Estate Commission

One of the main reasons why For Sale By Owners (FSBOs) don’t use a real estate agent is because they believe they will save the commission an agent charges for getting their house on the market and selling it. A new study by Collateral Analytics, however, reveals that FSBOs don’t actually save anything, and in […]

Want to Keep Up with the Joneses? Now’s the Time

Does your current house fit your needs? Does it seem like everyone else is moving up and moving on to more luxurious surroundings? Are you wondering what it would take to start living your dream life? Market conditions around the country have presented an opportunity like no other for those who are looking to make […]

More Boomerang Buyers Are about to Enter the Market

We previously informed you about a study conducted by TransUnion titled, “The Bubble, the Burst and Now – What Happened to the Consumer?” The study revealed that 1.5 million homeowners who were negatively impacted by the housing crisis could re-enter the housing market between 2016-2019. Recently, HousingWire analyzed data from the US Bankruptcy Courts and revealed that […]

Why Is It Important to Use a Professional to Sell Your Home?

When a homeowner decides to sell their house, they obviously want the best possible price for it with the least amount of hassles along the way. However, for the vast majority of sellers, the most important result is actually getting their homes sold. In order to accomplish all three goals, a seller should realize the […]

To Stage…or Not to Stage? That Is the Question! [INFOGRAPHIC]

Some Highlights: The National Association of Realtors surveyed their members & released the findings of their Annual Profile of Home Staging. 50% of staged homes saw a 1-10% increase in dollar value offers from buyers. 77% of buyer’s agents said staging made it easier for buyers to visualize the home as their own. The top […]

58% of Homeowners See a Drop in Home Values Coming

According to the recently released Modern Homebuyer Survey from ValueInsured, 58 percent of homeowners think there will be a “housing bubble and price correction” within the next 2 years. After what transpired just ten years ago, we can understand the concern Americans have about the current increase in home prices. However, this market has very […]

Sellers: Your Home is an Oasis in an Inventory Desert

First-time homebuyers are flocking to the real estate market by the thousands to find their dream homes in order to make their dreams of homeownership a reality. Unfortunately for many, the inventory of starter and trade-up homes in the US has struggled to keep up with demand! According to the National Association of Realtors (NAR), […]

Homes Are Selling Quickly Nationwide

The National Association of Realtors (NAR) recently released their latest Existing Home Sales Report, which revealed that homes were on the market for an average of 28 days in June. This is a slight increase from the 27 days reported in May, but down from 34 days reported a year ago. 54% of homes across the country were […]

Homeowner’s Net Worth Is Still Greater Than a Renter’s

Every three years, the Federal Reserve conducts their Survey of Consumer Finances in which they collect data across all economic and social groups. The latest survey, which includes data from 2010-2013, reports that a homeowner’s net worth is 36 times greater than that of a renter ($194,500 vs. $5,400).  The latest survey data, covering 2014-2016 will […]

What State Gives You the Most ‘Bang for Your Buck’? [INFOGRAPHIC]

Some Highlights: Thinking of moving across the country? How far will your money take you? The majority of states in the Midwest and South offer a lower cost of living compared to Northeast and Western states. The ‘Biggest Bang for your Buck’ comes in Mississippi where, compared to the national average, you can actually purchase […]

Hey, Millennial Homeowners!! It May Be Time to Sell

Contrary to what many believe, Millennials are not the ‘renter’ generation. Millennials purchased a larger percentage (34%) of homes in the U.S. than any other age group in 2017 and the most recent Census Bureau report shows that the homeownership rate among Millennials is finally on the rise. Many Millennials took advantage of post housing […]

Housing Inventory Hits 30-Year Low

Spring is traditionally the busiest season for real estate. Buyers, experiencing cabin fever all winter, emerge like flowers through the snow in search of their dream home. Homeowners, in preparation for the increased demand, are enticed to list their house for sale and move on to the home that will better fit their needs. New […]

93.9% Of Homes in The US Have Positive Equity

CoreLogic’s latest Equity Report revealed that ninety-one thousand residential properties regained equity in Q1 2017. The outlook for 2017 remains positive as well, as an additional 600 thousand properties will regain equity if home prices rise another 5% this year.  The study also revealed that: Roughly 63% of all homeowners have seen their equity increase since Q1 2016 […]

How Long Do Most Families Stay in Their Home?

The National Association of Realtors (NAR) keeps historical data on many aspects of homeownership. One of the data points that has changed dramatically is the median tenure of a family in a home, meaning how long a family stays in a home prior to moving. As the graph below shows, for over twenty years (1985-2008), the median […]

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The Bond Report – 9am – January 04, 2020

(Please visit the site to view this media) …(read more) Forward this article via email:  Send a copy of this story to someone you know that may want to read it. The Bond Report – 9am – January 04, 2020 The Bond Report – 9am – January 04, 2020

Wells Fargo: Look for housing to have another good year in 2021

(Please visit the site to view this media) Wells Fargo chief economist Jay Bryson discusses how housing could get another boost this year as millennials begin to enter their child-bearing years and look to move to the suburbs. …(read more) Forward this article via email:  Send a copy of this story to someone you know that […]

MBS Week Ahead: This Week Could See The Biggest Momentum Shift in Months

Posted To: MBS Commentary The presidential election happened 2 months ago and since then, bonds really haven't moved other than in response to the Pfizer vaccine news on Nov 9th and stimulus news on Dec 1st. Both of those sell-offs took 10yr yields to similar ceilings. Both were under 1.00%. It's entirely possible (if not […]

MBS RECAP: Token Gains, Light Volume, Early Close

Posted To: MBS Commentary Token Gains, Light Volume, Early Close Bond market focus remains on the Georgia senate run-off election day on January 5th. Today was a non-event… a place holder in the grand scheme. Any movement today was bound to be incidental. As it happened, that movement was friendly, albeit only modestly. Expect bigger […]

The 9 a.m. Bond Report: December 31, 2020

(Please visit the site to view this media) …(read more) Forward this article via email:  Send a copy of this story to someone you know that may want to read it. The 9 a.m. Bond Report: December 31, 2020 The 9 a.m. Bond Report: December 31, 2020

MLO, Ops Jobs; Lender Wanted; Small Business Grant; Ignore the CFPB at Your Own Peril

Posted To: Pipeline Press I still don’t know what I’m wearing to the living room on New Year’s Eve. Heck, I may not even go. Wouldn’t it be nice to be on a cruise? Ever heard of the SS Warrimoo? Me neither until a few trivia-loving readers sent me emails saying that the ship reportedly […]

Initial jobless claims drop 19,000 to 787,000

(Please visit the site to view this media) CNBC's Rick Santelli reports on the initial jobless claims for the week ending December 26. CNBC's Steve Liesman also joins with his reaction to the data. …(read more) Forward this article via email:  Send a copy of this story to someone you know that may want to read […]

MBS Day Ahead: Early Close and Bigger Fish to Fry Next Week

Posted To: MBS Commentary With Europe and Japan out on holiday, bonds had the lightest overnight session of the year today, and domestic hours won't be much better apart from a flurry of compulsory month-end volume heading into the early (2pm ET) close. Even if we see some movement, we wouldn't read anything into it. […]

MBS RECAP: Bonds Sticking to Year-End Script

Posted To: MBS Commentary Bonds Sticking to Year-End Script Bonds did a perfect job sticking to their year-end script today. It reads: "ZZZzzz…" MBS made some token gains during the AM hours, but not to such an extent that we should feel compelled to investigate. Treasuries were rallying at the same time as an upgraded […]

Pending homes sales fall for third straight month

(Please visit the site to view this media) CNBC"s Rick Santelli reports on the pending home sales for the month of November. …(read more) Forward this article via email:  Send a copy of this story to someone you know that may want to read it. Pending homes sales fall for third straight month Pending homes sales […]

Pending Home Sales Slide a Bit After Banner Year

Posted To: MND NewsWire Pending home sales slid for the third straight month in November and the 2.6 percent decline was the largest of the three. The National Association of Realtors® (NAR) said its Pending Home Sales Index (PHSI), a leading indicator of sales of existing single-family homes, townhomes, condominiums, and cooperative apartments, dipped to […]

Credit/Risk, MLO, Ops Jobs; Agency-Approved Lender Wanted; Sales, RentalProducts; Primer on Secondary Marketing for MLOs

Posted To: Pipeline Press Loan originators in our business see potential borrowers whose monthly mortgage payments would be less than their rent payments but don’t qualify for credit or income reasons. The U.S. Census Bureau published some findings on workers being hardest hit by the COVID-19 pandemic. Self-employed workers are more likely to face economic […]

The 9 a.m. Bond Report: December 30, 2020

(Please visit the site to view this media) With CNBC's Rick Santelli …(read more) Forward this article via email:  Send a copy of this story to someone you know that may want to read it. The 9 a.m. Bond Report: December 30, 2020 The 9 a.m. Bond Report: December 30, 2020

MBS Day Ahead: Last Econ Data of The Year and More Political Uncertainty

Posted To: MBS Commentary Election years always bring increased uncertainty to financial markets–some more than others. This is definitely one of those years–not because of covid, but rather because full control of lawmaking by a single political party hangs in the balance. Bonds may indeed wait to make their next big move until they know […]

Home Prices Still Soaring; Rates Closing Out 2020 at Record Lows

For all practical purposes, the year is over when it comes to mortgage rate volatility. True, there is some small chance that political developments conspire to push rates just a bit higher in the next two days, but the damage would be insignificant in the bigger picture. In other words, we’re looking at “all-time low […]

MBS RECAP: Bonds on Cruise Control Unless Senate Approves Stimulus Upgrade

Posted To: MBS Commentary Bonds on Cruise Control Unless Senate Approves Stimulus Upgrade Barring an unexpected vote (and passage) of the $2k stimulus upgrade, bonds are on cruise control heading into the end of the day/week/year. Even then, the Georgia senate race is a bigger risk for the bond market (full democratic control implies bigger […]

Senate GOP rejects push for $2,000 stimulus checks as part of Covid-19 relief

(Please visit the site to view this media) CNBC's Eamon Javers reports on the latest news on the Democrats' push for $2,000 stimulus checks as part of the Covid-19 relief bill. …(read more) Forward this article via email:  Send a copy of this story to someone you know that may want to read it. Senate GOP […]

Mortgage Rates Closing Out The Year at Record Lows

Posted To: Mortgage Rate Watch For all practical purposes, the year is over when it comes to mortgage rate volatility. True, there is some small chance that political developments conspire to push rates just a bit higher in the next two days, but the damage would be insignificant in the bigger picture. In other words, […]

The 9 a.m. Bond Report: December 29, 2020

(Please visit the site to view this media) With CNBC's Rick Santell …(read more) Forward this article via email:  Send a copy of this story to someone you know that may want to read it. The 9 a.m. Bond Report: December 29, 2020 The 9 a.m. Bond Report: December 29, 2020

Recruiter Job; HELOC, Compensation, TPO Products; New York Did What? Agency News; URLA Best Practices

Posted To: Pipeline Press With the passing of Pierre Cardin this morning, does it mean that bottle of cologne (circa 1978) I have in the attic became a collector’s item? The phallic shape of that bottle is certainly not boring. And while residential lenders continue to help millions of clients, politics has been anything but […]

Home Price Gains Continued Through October, Fastest Rate in 6 Years

Posted To: MND NewsWire The headline for the October S&P CoreLogic Case-Shiller home price report is yet another month of escalating gains. The National Home Price Index which covers all nine U.S. census divisions posted an annual increase of 8.4 percent compared to a 7.0 percent change in September. The National Index posted a 1.4 […]

MBS Day Ahead: Upsized Stimulus Still a Risk For Bonds

Posted To: MBS Commentary With Trump signing the covid relief and government funding bill last week, the bond market had seemingly moved past its downside risks as they related to stimulus. But just when you thought we were out of the woods, there's more stimulus to consider! In fact, the House has already passed a […]

House passes bill for $2,000 stimulus checks, putting GOP senators in a tough position

(Please visit the site to view this media) The House voted Monday to increase the second round of federal direct payments to $2,000 as Democrats embrace President Donald Trump’s calls to put more money in Americans’ pockets. CNBC's Eamon Javers reports. …(read more) Forward this article via email:  Send a copy of this story to someone […]

Forbearances on The Rise; Can a Grocery Store Really Affect Your Home's Value?

As studies go, ATTOM Data Solutions Grocery Store Wars analysis is kind of silly. But at this point in this year, kind of silly is sort of welcome. Keep chickens and eggs in mind and make of this what you will. The company looked at how the proximity of different grocery stores might affect a […]

MBS RECAP: Uneventful Day Despite Covid Relief Bill

Posted To: MBS Commentary Uneventful Day Despite Covid Relief Bill The big news at the end of last week was Trump's decision to veto the covid relief/spending bill. After he signed it last night, overnight markets began pointing toward higher rates. 10yr yields were roughly 3bps higher to start the day, but it was all […]

Wall Street Journal's Greg Ip on three reasons why 2021 will be better than most people expect

(Please visit the site to view this media) The Wall Street Journal's Greg Ip joins CNBC's "The Exchange" to discuss why investors should prepare to become more optimistic about the economy in 2021. …(read more) Forward this article via email:  Send a copy of this story to someone you know that may want to read it. […]

US Treasury sells $59 billion worth of 5-year notes in bond auction

(Please visit the site to view this media) CNBC's Rick Santelli breaks down the latest bond auction from the U.S. Treasury Department. …(read more) Forward this article via email:  Send a copy of this story to someone you know that may want to read it. US Treasury sells billion worth of 5-year notes in bond auction […]

Luxury real estate market remains strong despite Covid-19 turmoil, says real estate expert Jeff Hyland

(Please visit the site to view this media) Forbes Global Properties' Jeff Hyland joins CNBC's "The Exchange" to discuss the luxury real estate market and how it's been affected by the Covid-19 pandemic. …(read more) Forward this article via email:  Send a copy of this story to someone you know that may want to read it. […]

Can a Grocery Store Really Affect Your Home's Value?

Posted To: MND NewsWire As studies go, ATTOM Data Solutions Grocery Store Wars analysis is kind of silly. But at this point in this year, kind of silly is sort of welcome. Keep chickens and eggs in mind and make of this what you will. The company looked at how the proximity of different grocery […]

Forbearance Numbers Rise for Second Week

Posted To: MND NewsWire The number of forbearance plans increased again during the six-day period (shortened because of the holiday) ended December 21 and again Black Knight cautioned that small increases are common mid-month. The company said the 20,000-loan change was due to limited plan removals during the week. Extensions of plan terms outnumbered removals […]