Record home prices, quick sales and low inventory marked a good year for the housing market even though it ended with a slight drop in sales according to a report.
Read More »Bank of America Posts Solid Results for Q4 2017
The bank’s pretax earnings for the year rose 17 percent as it gained market share across its businesses, but lower mortgage banking income and impact of the Tax Act decreased its noninterest income.
Read More »Rising Housing Demand Leads to Increase in Mortgage Applications
Mortgage applications grew on the basis of a strong economy and an upsurge in post holiday demand in the housing market.
Read More »Affordability Gap Leads to Rise of Alternative Housing
From granny flats to manufactured or modular homes to mobile home communities, buyers are looking at economically desirable alternatives as the cost of buying a home rises.
Read More »Getting a Mortgage Got Easier in Q3 2017
Higher interest rates and lower refinancing volumes made it easier for homebuyers to borrow in Q3 2017 according to a report.
Read More »Are Tax Reforms Worth the SALT in High-Priced Markets?
Aspiring home buyers living in counties with relatively high home values and SALT rates may be affected by the new tax bill, according to a new study.
Read More »Buyers and Sellers Get Smart About Homes
The smart home trend is here to stay as more and more homebuyers and sellers embrace virtual reality for prospective homes and smart technology to add value to a home’s price.
Read More »50% U.S. Households Won’t Have Enough Retirement Income
An index that gauges the country’s retirement risk shows that while rising home prices and stock market gains have decreased the risks associated with retirement, today’s working-age population will need to save more or work longer to retire comfortably.
Read More »Where are Households Moving in 2018?
Arizona and Idaho lead the states with inbound moves for households looking at migrating in search of better jobs, housing, and family life. Illinois and Connecticut lead the states from where the population is moving elsewhere.
Read More »Lenders, It’s Time to Educate Borrowers on Mortgage Innovation
New and experienced homebuyers feel that the mortgage industry lacks innovation, even as many look at closing a mortgage entirely online without help from a mortgage professional.
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