Gateway First Bank has promoted Jeff Schmidt to a new role of managing its mortgage operations. In his role as Chief Mortgage Operations Officer, Schmidt will manage ...
Read More »What’s Ahead for the Housing Market as 2020 Approaches?
The Home Buying Institute’s latest analysis of the housing market moving forward predicts that home prices will continue their ascent for the rest of the year and into ...
Read More »Volume of Homes with Mortgage Falling
In the same period of time where the value of the U.S. housing market has reached an all-time high, the amount of homeowners with mortgages is falling. What is causing the shift?
Read More »Studying First-Time Homebuyers
For the first time, the annual growth rate in home sales to first-time buyers under performed the single-family housing market, as first-time buyers purchased 4% fewer homes in ...
Read More »The Rise of Existing Home Sales
The National Association of Realtors (NAR) reported that existing home sales rose 2.5% in July and are up 0.6% from last year. “Falling mortgage rates are improving housing ...
Read More »Another Month, Another Decrease in Mortgage Rates
Ellie Mae’s July Origination Insight Report found that the 30-year mortgage dropped for the seventh-consecutive month to 4.18% The drop from the prior month’s 4.40% also led an ...
Read More »Linking Mortgage Debt to Life Expectancy
Is having debt a good thing? A new study by LendingTree found a correlation between mortgage debt and life expectancy, as higher debt relative to income is linked ...
Read More »Tenure Length Increasing for Homeowners
First American Financial Corporation is reporting that tenure length has increased year-over-year by 11% in July and has caused the loss of nearly 450,000 potential home sales—a monthly ...
Read More »The Continual Shrinking of Single-Family Home Sizes
The National Association of Home Builders (NAHB) reports that the size of single-family homes during Q2 2019 declined. The NAHB, with data from the Census Bureau’s Quarterly Starts ...
Read More »Midwest is the King of Affordability
Metros in Michigan, Ohio and Pennsylvania are among the most affordable. How much do you need to make, though, to live on the West Coast?
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