Last week showed the lowest level of mortgage application activity by U.S. consumers in the past 4 years. There are a lot of factors at play here – low national housing inventory, rising rates, and multiple bid situations on many
The lack of homes for sale is driving prices higher, just as millennials are getting ready to buy their first homes. Stagnated earning power is a further complication, as wage growth continues at a snails pace. These are more good
The combination of higher interest rates and low inventory is causing weakness in the housing market. The economy is strong and the job market is strong, so home buyers may be waiting until the spring market to pursue a new
The current political climate is hurting our hot housing market. How? A significant proportion of workers in housing construction – one in four – are without proper documentation, and they are scared stiff. The local home builder’s association has asked
With the implementation of the new tax code, 2018 is the last year you can take a deduction for interest paid on your HELOC or HELOAN. People have traditionally tapped into home equity to pay for renovations, tuition, pay off
Among all purchase closings in February 2017, 62% of buyers put down less than 20%. There are many loan programs that do not require 20% down – and I’d be happy to review them with you. Eighty Percent of First-time