In the Know

MBA: Housing shortage boosts demand for new home purchases
Posted Thursday August 10, 2017 in Industry News

The demand from consumers who are looking to buy an existing home is spilling over into new home purchases, according to a new report from the Mortgage Bankers Association. The MBA’s latest Builder Applications Survey tracks the current homebuilder trends across the country. Here’s what the association expects to see moving into the second half […]

Building a Strong Financial Future Starts At Home
Posted Thursday August 3, 2017 in Mortgage + Real Estate Tips

Did you know that most financial advisors consider real estate and other assets as one of the “four pillars” of proper planning for a strong financial future that you can leave as a legacy to others? According to U.S. News & World Report, the four pillars of financial strength are: Values and Life Lessons Instructions […]

Senate to consider bill to end “FICO monopoly” at Fannie Mae and Freddie Mac
Posted Wednesday August 2, 2017 in Industry News

Earlier this year, a bipartisan group reintroduced a bill in the House of Representatives that would allow Fannie Mae and Freddie Mac to consider alternative credit-scoring models beyond the FICO credit score the government-sponsored enterprises currently use. Now, a companion bill is being introduced in the Senate as well, with the backing of Senators from […]

Will the home appraisal industry be replaced by technology?
Posted Friday July 28, 2017 in Industry News

Automation haunts many discussions about the future of work, employment, and the economy. But technological advances may soon hit homes in an unexpected way: could real estate appraisers be replaced by robots? That’s the conclusion of a recent article in Bloomberg, which discusses how advances in big data and computing are helping automate this knowledge-based job, perhaps […]

Don’t Make These House-Hunting Mistakes
Posted Thursday July 27, 2017 in Mortgage + Real Estate Tips

Yes, there are loans and budgets and very black-and-white decisions to make when it comes to buying a house. But there’s also a lot of emotion involved. After all, it’s your future H-O-M-E we’re talking about. Investopedia recently listed 8 common mistakes that people unfortunately make when purchasing a home. Check out the list below […]

Zillow: Median Home Value at New High
Posted Friday July 21, 2017 in Industry News

The national median home value has reached $200,400, a 7.5 percent increase from last year. Zillow attributed this new peak to a higher buyer demand and a shrinking housing inventory. In some markets, year-over-year gains have been in double-digit figures: Seattle’s home values are up 13 percent year-over-year to a median home value of $447,100, […]