Mortgage Watch – July 8

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Rentals surge as housing tries to catch up According to real estate analytics firm RealPage, demand for rental apartments reached a five-year high this spring, spurred by new household formation and home sales not being able to keep up. The demand is also pushing rental prices up, which may eventually make renters decide to become homebuyers. “The number of new …

Mortgage Watch – July 1

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Investors are buying up a record number of homes According to data release by CoreLogic, big private-equity firms, real-estate speculators and others that buy properties comprised more than 11% of U.S. home purchasers in 2018. What does this mean? It means that with investor purchases of U.S. homes at an all-time high, rising home prices have done little to dampen …

Mortgage Watch – June 24

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May was good month for housing The National Association of Realtors (NAR) reported sales of previously owned homes rose in May, citing falling mortgage rates as a reason the housing market may be heading in the right direction after a sluggish start. According to the Friday report which appeared in the Wall Street Journal, sales rose 2.5% in May from …

Mortgage Watch – June 17

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When coffee and equity go hand in hand Starbucks. We search for them on freeways as if they are ports in a storm, use them as an oasis when shopping to rest our weary feet, meet business people there for non-threatening sales conversations and interviews or even introduce ourselves to blind dates there — all with the feeling that they …

Mortgage Watch – June 10

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Home prices on the rise with predictions for more of the same While homebuyers may not be as pleased these days, sellers have smiles on their faces. The news (statistics always lag behind a bit) is that national home prices notched a stronger annual gain in April than in March, marking the first time in over a year that prices …

Mortgage Watch – June 3

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Single family footprints go smaller, while industry hopes gain steam It used to be said that housing was the straw that stirred the U.S. soup. Aside from the number of jobs it produced, it also simulated the economy in myriad ways, including prompting the purchase of consumer goods. While today’s housing industry may not be synonymous with the business cycle, …