– Baby boomers behind the multifamily surge? From 2007 to 2013, young adults drove demand for multifamily housing. But no more. Currently, older adults age 50 to 59 are taking over. Study: Tighter mortgage rules haven’t hurt In Jan. 2014, U.S. law made it harder to get approved for...
– Low credit scores no longer a deal killer Equifax, a credit-score company, says a gradually increasing number of mortgages are being approved for buyers with subprime credit scores. Banking giant grows more cautious about FHA Loans JPMorgan Chase says it will originate fewer FHA loans because they require...
– By 2025, 13M will pay 50% of income for housing Harvard study: Rising rents will force many people – notably older adults, Hispanics and singles – to spend 50% of monthly income on rent within 10 years. U.S. consumer bureau lists mortgage complaints The consumer watchdog says mortgage...
– What should homebuyers know about Oct. 3 changes? The closing process changes in 2 weeks, and buyers will face updated disclosures and new rules. A just-released CFPB toolkit can help get them up to speed. Study: Right now it’s better to buy a home than rent A housing...
– RealtyTrac: Fla.’s Aug. foreclosure starts drop 40% Fla. isn’t the top foreclosure state anymore: It’s No. 4. While bank repossessions rose 23%, overall foreclosure activity hasn’t been this low since April 2007. FHA tighter lending rules may hit first-time buyers The go-to lender for many buyers now includes...
– What irks homeowners? Study uncovers why they move “A new home would give you more storage,” might entice 67% of homeowners to list their house and upgrade – and 66% long for less maintenance.
– Using online ads? Apple users could soon block them Internet advertising rules will change. Starting tomorrow, Apple’s new software will allow about 25% of all mobile phone users to easily block online ads. Wells Fargo mortgage goal: $125B to Hispanic buyers Hispanic real estate pros say access to...
– Will stock market flop hit luxury home sales? If it’s not a temporary stock correction, some investors could decide to sit on their real estate, neither buying nor selling. But some might invest even more. Buyers using virtual reality to buy luxury homes Some upscale buyers can now...
– Mortgage Bankers explain Oct. 3 TRID changes What do lenders want you and clients to know about the Truth in Lending (TRID) rules that kick off in three weeks? MBA created informational brochures. NAR to Congress: Legalize the safe use of drones Realtor President Polychron asked a House...
– It’s official: The best day to close is Oct. 8 RealtyTrac determined dates for the top purchase discounts. Oct. buyers save 2.6% but April buyers pay 1.2% more. In some Fla. cities, Jan. offers best discounts. Why is the new-home market is still lagging? Housing analysts blame sluggish...
