According to the Census Bureau Homeownership and Vacancy Survey released on Thursday, the vacancy rate for homeowner housing was 1.7 percent remaining virtually unchanged from Q4 2016’s rate of 1.8 percent. Additionally, the home ownersip rate of 63.6 percent was not statistically different from the Q1 2016 rate of 63.5 percent or the Q4 2016 … Continue reading Homeownership Rising Faster Than Rentals
Month: April 2017
ATTOM: Average homeowner gains 24% return in equity since purchase Totals $44,000 per homeowner in Q1 by Kelsey Ramirez
Homeowners gained a full $44,000 in equity since the purchase, according to the Q1 2017 U.S. Home Sales Report from ATTOM Data Solutions, a fused property database. This increase represents a 24% return on the purchase price, the highest average price gain for home sellers in terms of dollars and percent returns since the third … Continue reading ATTOM: Average homeowner gains 24% return in equity since purchase Totals $44,000 per homeowner in Q1 by Kelsey Ramirez
Home Values Rise 6 Percent, Inventory Dips by Aly Yale
From March 2016 to March 2017, the number of homes on the market dropped 5 percent, according to Zillow’s recently released March Real Estate Market Report. The biggest inventory decreases took place in Minneapolis; Columbus, Ohio; and Seattle. Inventory fell 24 percent in Minneapolis, 19.5 percent in Columbus, and 17 percent in Seattle. Zillow’s report … Continue reading Home Values Rise 6 Percent, Inventory Dips by Aly Yale
NEW 5 STAR REVIEW!!
I was going through a terrible Real Estate situation in Chicago and the law office of Beth Mann helped patiently walk me through the entire process and went above and beyond all of my expectations. Their courtesy and professionalism was top notch and I will be using them again for my next Chicago real estate … Continue reading NEW 5 STAR REVIEW!!
Texas Capital Completes First eClosing
by Aly Yale Texas Capital Bank has successfully completed its first eClosing via DocMagic’s digital mortgage platform, eClose. This makes Texas Capital one of the largest warehouse lenders in the industry to accept and fund eNotes. Texas Capital, which provides warehouse credit facilities for mortgage lenders and originators, recently funded its first eNote, a technology … Continue reading Texas Capital Completes First eClosing
Want to Become a Real Estate Investor? You’ll Make the Most Money If You Buy Here By Clare Trapasso
Becoming a real estate investor is suddenly hot, thanks in part to those legions of HGTV-aholics inspired after binge-watching episodes of shows like "Fixer Upper" and "Flip or Flop." But if they're planning to purchase an investment property to rent out, even the most devoted of fans still need to figure out which parts of the … Continue reading Want to Become a Real Estate Investor? You’ll Make the Most Money If You Buy Here By Clare Trapasso
Are HOAs Taking Advantage of Mortgage Servicers?
source - Brian H. Liebo While Homeowner Association (HOA) liens for unpaid assessments typically have priority over second mortgages and other junior liens (because the HOA liens may “relate back to” the HOAs’ previously-recorded declarations), first mortgages receive special treatment in various states, such as Minnesota. Despite that special treatment, HOAs often demand payment of … Continue reading Are HOAs Taking Advantage of Mortgage Servicers?
Mortgage Defaults Climb Slightly
Seth Welbourn - source According to the March 2017 Consumer Credit Default Indices released by S&P Dow Jones Indices and Experian, mortgage default rates are up one basis point from February to .75 percent, a one-year high. Additionally, the bank card default is up nine basis points to 3.31 percent, and the auto loan default … Continue reading Mortgage Defaults Climb Slightly
Housing market takes spotlight by Paul Davidson USA Today
The housing market takes center stage in a light week of economic news, with reports on new construction and existing home sales. The strengthening manufacturing sector will also be tested in the latest reading on industrial production. Housing starts rose to a four-month high in February despite higher mortgage rates, driven by the strongest pace … Continue reading Housing market takes spotlight by Paul Davidson USA Today
Airbnb updates security after hackers hijack accounts to rob hosts’ homes Scammers imitate highly rated users, book stay, then steal from host by Ben Lane
There’s no doubt that Airbnb is causing a disruption in local housing markets, as the short-term rental website, and others like it, have been accused of making housing more expensive in certain communities and placing some units completely out of reach except for short-term renters. But Airbnb has a new problem on its hands. According to a … Continue reading Airbnb updates security after hackers hijack accounts to rob hosts’ homes Scammers imitate highly rated users, book stay, then steal from host by Ben Lane