Is it the End of the Mortgage Boom?

Is it the End of the Mortgage Boom?

Here's this week's roundup of news and resources, just for you.

Quick takeaways:

  • Climate concerns cause natural gas bans for home use while battles ensue.

  • Some housing markets are hotter than others -- but none are languishing.

  • What Realtors need to know about generational differences in home buyer preferences.

  • Do declining production and profits spell the end of the mortgage boom?

  • The median gross income for Realtors fell $6,000 in 2020 from the prior year.

Read on for our coverage.

The Rise of Multigenerational Living

The Rise of Multigenerational Living

Here's this week's roundup of news and resources, just for you.

Quick takeaways:

  • Multigenerational homes grew in popularity during the pandemic.

  • Artificial intelligence can help to reduce appraisal bias.

  • Big investors are coming to small towns, outbidding potential buyers.

  • Mortgage rates over 3% as Fed hints at policy shift.

  • Building material costs contributing to a spike in home prices.

Read on for our coverage.

Loan Originations Expected to See Trillion Dollar Loss

Loan Originations Expected to See Trillion Dollar Loss

Here's this week's roundup of news and resources, just for you.

Quick takeaways:

  • One trillion-dollar loss in loan originations expected.

  • Facebook is the preferred social media platform for real estate agents.

  • First-time buyer benefits aren't just available to people buying their first home.

  • Experts predict big economic growth, but also slowing home price growth.

  • Homes in less expensive neighborhoods are seeing strong interest.

Read on for our coverage.

Home Prices Are Up in Every City in America

Home Prices Are Up in Every City in America

Here's this week's roundup of news and resources, just for you.

Quick takeaways:

  • The price of a home rose over the past year in nearly every metro area.

  • Hectic housing market causing appraisal headaches.

  • High cost of building materials making homeownership out of reach for some.

  • Housing market could benefit soon from Americans' robust savings.

  • Remote Online Notarization here to stay.

Read on for our coverage.

Home Prices Grow At Highest Pace in 15 Years

Home Prices Grow At Highest Pace in 15 Years

Here's this week's roundup of news and resources, just for you.

Quick takeaways:

  • Home prices experienced the most significant annual percentage jump since 2006.

  • The first-time homebuyer tax credit is now a bill.

  • Ways to speed the homebuying process.

  • A new wave of home sales on the way could calm the current price craze.

  • Some buyers are making quick offers by bringing an inspector to showings.

Read on for our coverage.

Hotter Than Hot Market - A Boon for Boomers

Hotter Than Hot Market - A Boon for Boomers

Here's this week's roundup of news and resources, just for you.

Quick takeaways:

  • Homes selling faster than ever, but market should ease soon.

  • Student debt shouldn't stop buyers from qualifying for a mortgage.

  • Buyers can take on existing mortgages, get lower rate and term.

  • Fed expected to keep rates low for the next few years.

  • Baby Boomers benefitting the most from selling in a hot housing market.

Kevnik Mortgage - Expert Update March 2021

Kevnik Mortgage - Expert Update March 2021

Consumer sentiment for home-selling is on the rise, according to the Fannie Mae Home Purchase Sentiment Index. The percentage of respondents who say it is a good time to sell a home increased from 50% to 57%, while the percentage who say it is a bad time to sell decreased from 42% to 33%. Sellers cite favorable mortgage rates, high home prices, and low housing inventory as their primary rationale. Lower-income individuals in particular report feeling more optimistic, indicating the economic recovery is reaching those most negatively impacted by the pandemic.1