Historically Low New Home Listings Coming to an End?
From lumber to groceries, from cars to toilet paper, the COVID issues have thrown the US supply chains into turmoil. None as drastic as the US housing market. Looking at the chart above, you can see that home listings have been above 1.5 million for the past 20 years. In the past year, we dropped […]
The Biggest No-Brainer for Mortgage Lenders
For any mortgage company with a loan portfolio, there is one solution that you have to implement if you are not already. Monitor your customer portfolio for new credit applications called triggers. Here are a few things to consider: One vs. Multiple Credit Bureaus: If you use just one of the 3 credit bureaus (Equifax, […]
Evidence of a Housing Bubble Ready to Pop
In many areas of the country, housing prices have screamed 20, 40, even 60% higher in the past 12 months. Peaking in April, communities have seen very low inventory and, in many cases, multiple buyers competing and escalating home prices to stratospheric heights. Why did this happen? Can it continue? When will the bubble pop? […]
What is Working – Week of May 29, 2020
Well, we are still in the middle of uncertainty and unprecedented unemployment (over 40 million unemployment claims), economic contraction (the economy by some estimates has contracted 5%+), and many parts of the country still in complete or partial shut-down. So, what’s the good news? I am glad you asked. Let’s start with the mortgage industry. […]
2019 Housing Market Trends
The approaching year is one filled with uncertainty for those in the real estate industry; with many buyers beginning to pump the brakes on home buying after failing to meet an expectation of a historically competitive market this year. Instead, mortgage applications have fallen to a four year all time low as home buyers are […]
5 Marketing Strategies To Attract First-Time Home Buyers In 2019
Millennials are on the rise as first-time home buyers, and it’s important to know who comprises that audience and the most effective strategies to reach them.