Prospective Homebuyers… Surge In 2019?

Slower home price growth and cooled mortgage rates could bring buyers out in droves in 2019, according to NerdWallet. The personal finance company and data provider’s 2019 Home Buyer Report showed 36% of consumers plan to buy a home within the next five years, a year-over-year increase from 32%. Of those planning to make a […]

Mortgage Prepayments Declining

Mortgage prepayments near 2-decade low Reduced home sales outweighed rate-driven increase While interest rates fell in recent weeks, January’s prepayment rate neared a two-decade low, according to the latest First Look report from Black Knight. The prepayment rate in January fell to its lowest level since November 2000 – an 18-year low, according to the report. […]

Purchasing Power Gets Biggest Boost In Five Years

Rising household incomes paired with December’s drop in mortgage rates gave consumers their largest monthly jump in home buying power since 2013, according to First American Financial Corp.’s Real House Price Index. Homebuyers saw a month-over-month increase of 3.1% in purchasing power, based on an analysis of home values, wages and interest rates. Real house prices fell […]

Buying Before the Spring Market Hits

Buyers may want to pull trigger before competitive spring market hits Despite a healthier economy supporting wage and income growth, the narrative that homebuyers are struggling to afford homes for sale hasn’t changed much. House values are still on the rise, meaning shoppers are struggling with how much house they can afford. Although signs point […]

Ellie Mae Experience 2019

Stop by and see us at the Ellie Mae Experience 2019 in San Francisco. We will be playing Plinko For Charity at Booth 111 on March 17th, 18th, and 19th! You’re the next contestant!! Come play Plinko For Charity!

“It’s a Homebuyer’s Market,” Says Economist

According to new numbers from Redfin, the housing market kicked off 2019 with buyers in a much better position than a year ago. With the exception of the West Coast, home-sale prices increased 2.9 percent, with a median of $285,900 across the U.S. metros,  compared to January 2018.  “December was a rough month for home sales, […]

Potential Future Recession?

Economists: There’s now a 25% chance of a recession in the next year Reuters poll shows growing concern over a future recession There’s a 25% chance of a recession in the next 12 months, according to a new Reuters poll of economists. The median probability of a recession in the next year rose to 25% from 20% […]

Hard vs. Soft Credit Inquiries: What’s the Difference?

There’s a common misconception that any credit check lowers your credit score and hurts your ability to get approved for loans and new lines of credit, but this is only sometimes true. There are actually two different types of credit checks — hard and soft inquiries, and they depend on what the information is being […]

Bye, Bye, Bidding Wars

Bidding wars on homes in some of the hottest markets in the country have almost stopped, according to a Redfin report that looked at the offers written by its agents on behalf of their homebuying customers in January. The report indicated that only 13 percent of these offers faced a bidding war, marking a steep decline from 53 percent […]

Best and Worst Cities for Buying on a Budget

Best, worst cities for first-time homebuyers on a budget Despite early reports suggesting that home buying will be difficult in 2019 with rising rates and prices – new numbers last month revealed things are actually looking up. Late February, the National Association of Realtors reported that pending U.S. homes sales have increased by 4.6 percent in January, […]