Real Estate News

  • NAR says access to mortgages is increasing

    Published: Wed, 22 Mar 2017 13:24:24 GMT

    Though there may be challenges for securing a home, the National Association of Realtors said that the market could favor those looking for a new mortgage, according to a recent post.

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  • Despite concerns, New York City may still hold housing promise

    Published: Mon, 20 Mar 2017 20:59:57 GMT

    With the influx of residents around cities a recognized problem, it's understandable that some may want to escape this trend. However, the New York Times recently reported that the suburban areas around New York City still seem to have a fair amount of buying activity.

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  • Newest MBA survey shows uptick for March home applications

    Published: Thu, 16 Mar 2017 13:09:01 GMT

    Following similar reports in previous weeks, new information from the Mortgage Bankers Association suggested a continuing strong market for mortgage applications. The figures represent accumulating growth that stretches back at least to the week of Nov. 18, with interest for fixed-rate 30-year Federal Housing Administration mortgages at a high that goes back even further to January 2014.

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  • Debt-friendly home loans could appeal to new buyers, millennials

    Published: Thu, 16 Mar 2017 13:08:48 GMT

    Millennial buyers (typically those younger than 34) are often said to be weighed down by student debt. At the same time, the widespread amount of this debt could actually benefit the millennial buyer market in two ways: it could serve as a way to build credit, and it might also drive this demographic to certain programs, potentially shifting the focus for lenders as well.

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  • Upcoming Federal Reserve meeting sparks speculation

    Published: Tue, 14 Mar 2017 16:35:31 GMT

    The Federal Reserve is set to meet soon, prompting many to anticipate what the results might be. Since there have been signs that a hike to interest rates is on the way, some believe that this is poised to come true. Buyers might have to adjust to meet a sizable jump in trends. This alone could have a significant impact, and there's further belief that more rate increases might come in this year alone.

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  • Bankrate ranks states for new home purchases

    Published: Mon, 13 Mar 2017 22:09:23 GMT

    Though mortgage rates can determine home buying activity, there's more to a region's housing market than just one statistic. Bankrate recently ranked the 50 states based on which would be the easiest or most difficult to buy a new home in. Unlike other similar studies of these metrics, this seems to be a more general survey that used credit availability, housing prices and the local job market to determine the answer.

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  • Adjustable Rate Mortgages show high performance as of March

    Published: Thu, 09 Mar 2017 15:24:29 GMT

    Buyers may face challenges in the housing market, but statistics going into March seem to show a significant high, at least in one area, according to the Mortgage Bankers Association. The source's latest Weekly Mortgage Applications Survey finally brings the organization's data past the end of February, meaning that possible buyers can see signs of new activity. Among all of the details listed, Adjustable Rate Mortgage growth is especially notable.

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  • Construction materials and the price of building new homes

    Published: Wed, 08 Mar 2017 17:47:19 GMT

    Many factors impact the ultimate rate of home sales, including the price it takes to build them. The National Association of Home Builders not only observed changes in sales but fluctuations in the price of framing lumber over the years. Though there have been ups and downs in this market, the overall trends for both the composite and CME futures prices have moved upward, according to the source.

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  • New report shows increase in mortgage sales for millennials

    Published: Wed, 08 Mar 2017 11:05:36 GMT

    Last year's predictions of rising millennial presence in the housing market are coming true. That could reflect a confidence for the younger generation that spurs new purchases, depending on what happens in the future.

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  • New ALTA appointment emphasizes title insurance strategy

    Published: Mon, 06 Mar 2017 22:34:07 GMT

    A change in title insurance industry leadership could lead to important shifts that consumers need to be aware of. The American Land Title Association recently announced a new hire that could impact the organization's direction.

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  • MBA: Second-to-last week in February ends with mortgage application spike

    Published: Thu, 02 Mar 2017 16:01:14 GMT

    The Mortgage Bankers Association regularly publishes information on mortgage applications, and the latest results of its weekly survey show an increase at the end of February. According to this source, data from late February seems to show a late turn of fortunes as the market sees a sudden increase in applications.

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  • Are banks no longer major mortgage lenders?

    Published: Wed, 01 Mar 2017 11:28:22 GMT

    Traditionally, banks have been a well-known source of mortgage plans for home buyers. While this may still be true, lending companies, which solely focus on granting these loans instead of other financial services, seem to be taking the lead in this sector, gaining consumer trust and business.

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  • January proves strong month for home sales

    Published: Tue, 28 Feb 2017 14:21:55 GMT

    Despite economic uncertainty, some forecasters have seen strong growth on the horizon for housing in 2017. The National Association of Realtors recently announced housing inventory growth for this January, with potentially important trends showing themselves.

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  • Renewed federal order uses title insurance companies to increase visibility

    Published: Fri, 24 Feb 2017 22:26:52 GMT

    Last year, the government took great steps to scrutinize luxury home purchases by involving title insurance firms. The Financial Crimes Enforcement Network of the Department of the Treasury specifically set requirements for title companies to reveal home buyer information.

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  • Student loans vs. mortgages: The millennial homebuyer dilemma

    Published: Fri, 24 Feb 2017 14:43:23 GMT

    The younger generation ready to buy homes may face challenges from other sources of debt weighing down on them. Make Lemonade recently reported on the average student loan debt, which can demand refinancing to stay manageable when a new purchase, such as a home, is on the horizon.

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  • New predictions show mortgage rate hikes

    Published: Wed, 22 Feb 2017 14:37:31 GMT

    Predictions from Goldman Sachs show a rising mortgage rate over the next few years, one that could see notable changes as soon as 2019. According to Reuters, the famous financial firm singled out 2019 as a watermark for a notable 30-year mortgage rate increase.

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  • Source shows states with with highest mortgage interest rates

    Published: Tue, 21 Feb 2017 14:34:40 GMT

    Buyers getting into home payments need to understand the conditions that affect their own mortgage, which could vary based on local values. A recent article for The Motley Fool used resources to determine the interest rates for mortgages across the U.S.

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