How Government Discord Affects the Mortgage Market

2018 has involved multiple disagreements in Congress leading to two different government shutdowns. A government shutdown literally means that most of the federal government cannot operate due to the inability to pay salaries and bills. Federal employees are furloughed to cut costs and only the essential functions of government are funded in the interim. A…

Is a Buyer’s Market Coming Soon?

Many regions in the United States have been a seller’s mortgage market for years. There are a number of reasons that the market has been so favorable to the seller, but factors are pointing to a switch. Those sellers that missed the wave that crested to its height over the summer may have some regrets…

The Changing Psychology of Homebuying

A recent study by Redfin that spanned 3,000+ homebuyers across 11 different homebuying markets revealed some interesting changes into the trends of homebuying. The way that Americans are buying homes and the things that are important to them when buying are changing. Understanding these changes as well as why these changes are occurring is vital…

Homebuyers Ready to Buy Now

A recent study performed by Redfin shows an interesting trend with potential homebuyers. The study gauged whether potential homebuyers were more inclined to buy now than later. From the poll, 43% indicated that they looking to buy now. This is an increase of more than +10% compared to last year at this time. Of all…

Millennials: American Dream Does Not Include Home Ownership

The U.S. Census Bureau just released a report detailing homeownership. According to their findings, national homeownership in Q4 of 2016 has not changed from the same time last year or from the previous quarter. It has remained stable at 63%. This number was expected to increase after hitting a 50-year low in the middle of…

Multi-Generational Housing Becoming More Common

Multi-generational housing is far more common today than it was thirty years ago. Multi-generational housing is when two or more generations live in the same home. For instance, instead of renting or buying their own homes, millennials might live with their parents in the spare room to save on money while paying back student loans….

Rising Mortgage Rates: Time to Buy?

To the surprise of both Wall Street and many industry experts, interest rates stayed competitive for most of 2016. There were a lot of factors that contributed to these favorable rates, both domestically and globally. Homebuyers getting a rate of 3.5% wasn’t only possible, it was actually quite frequent. The lowest rates of 2016 have…

Stocks vs. Real Estate: Which Is Better?

Wise investors are looking for a place to grow their money, weighing a good return vs. risk. In 2008, the Global Financial Crisis threatened both the stock market and property values. Investors were left stuck with billions of dollars disappearing from the national economy overnight. Now with home values rising again, money managers need to…

What to Expect with the 2nd Digital Mortgage Revolution

The first digital mortgage revolution is here. This is evident given the integration of online technologies into the mortgage application and approval process. Major banks and lenders all over the United States and indeed the world are investing heavily into a new, digital user experience. Looking forward into the future, the question of what the…

The Refinance Customer is Changing

Mortgage market analysts can predict with some certainty the size of the refinance market. All they have to do is compare current interest rates to the rates of homeowners to see who would benefit from refinancing. Homeowners with a mortgage rate that is high enough above the current mortgage rate fall into potential customers, while…