CNBC reports 9 million homeowners could save big time on a mortgage refinance as rates hit 3-year low. “About 9.4 million borrowers could save an average $272 per month if they were to refinance to a lower rate, according to calculations by Black Knight. The analytics company defines refinance candidates as 30-year mortgage holders with […]
Real Estate Blog
Starting… In Real Estate News
“Housing starts jumped 16.9% to a seasonally adjusted annual rate of 1.608 million units last month, the highest level since December 2006. The percentage gain was the largest since October 2016. Data for November was revised higher to show homebuilding rising to a pace of 1.375 million units, instead of advancing to a rate of […]
Get Moving in 2020
CNBC reports “The average rate on the 30-year fixed mortgage fell to the lowest level since October this week, at 3.69%, according to Mortgage News Daily. That has an already competitive housing market heating up even more. Open houses, which are usually pretty rare the first week in January, were plentiful in markets across the […]
Emphasis on Technology
Housing Wire reports Warren Buffett loses his top agent to Keller Williams. “In an interview, Cohn said one of the main reasons he decided to move to Keller Williams is its emphasis on tech. Cohn states, “For real estate companies to continue to exist they are going to have to have a huge emphasis on […]
The Affordability Challenge
Next year will be hard on the housing market, especially in these big cities reports CNBC. They are saying, “sales of existing homes will fall 1.8% from 2019. Home prices will flatten nationally but prices will fall in a quarter of the 100 largest metropolitan markets. As demand heats up in the spring, driven by […]
Real Estate Expert Predictions for 2020
Forbes posted their 2020 Real Estate Outlook: Expert Predictions For Mortgage Rates, Home Prices, Tech And More. “The 2019 housing market has been one of low rates, high demand and limited supply—particularly on the lower-priced end of the market. Will 2020 be more of the same? According to experts, yes and no. We spoke to […]
The Value of Walkability
Business Insider reports Wealthy millennials want homes that are within walking distance of their social lives, and it’s redefining how they’re thinking about traditional luxury locations. “While walkability isn’t a new concept in luxury real-estate, millennial millionaires are redefining its importance. According to a new report by Coldwell Banker, they’re likely to choose a non-traditional […]
Take Stock in The Market
Stephen McBride from Forbes writes: “We have a serious housing shortage in America today. It would take less than six months to sell every existing home on the market… Today, supply is tight. And with record numbers of house hunters entering the market, it all but guarantees the housing boom will continue and likely accelerate.” […]
