Real Estate News

Construction materials and the price of building new homes

Published: 08 Mar 2017

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.

New report shows increase in mortgage sales for millennials

Published: 08 Mar 2017

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.

New ALTA appointment emphasizes title insurance strategy

Published: 06 Mar 2017

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.

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

Published: 02 Mar 2017

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.

Are banks no longer major mortgage lenders?

Published: 01 Mar 2017

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.

January proves strong month for home sales

Published: 28 Feb 2017

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.

Renewed federal order uses title insurance companies to increase visibility

Published: 24 Feb 2017

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.

Student loans vs. mortgages: The millennial homebuyer dilemma

Published: 24 Feb 2017

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.

New predictions show mortgage rate hikes

Published: 22 Feb 2017

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.

Source shows states with with highest mortgage interest rates

Published: 21 Feb 2017

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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