Millennials are now leading the pack of home buyers, and what’s one incentive driving them to take the mortgage plunge? Their dogs. A recent survey conducted by Harris Poll on behalf of SunTrust Mortgage found that 33 percent of millennial home buyers’ decision to buy a home was driven chiefly by their dog. Furry friends …
One Big Reason Millennials Are Buying/Renting Homes? For Their Dogs Read More »
The owners of LoanMLS, the premier online loan exchange platform, have pledged that their company will give $1 million over five years to the Kansas City Startup Foundation. Mike Wrenn and his wife Becky Cole say they believe successful business leaders “should help those just starting, because none of us who are successful started at …
LoanMLS Owners Donate $1 Million To Help Future Entrepreneurs Read More »
Millennials are finding themselves out in the cold because building has slowed, and longer-living baby boomers are staying put, setting up a simmering conflict between the two biggest generations in U.S. history. People 55 and older own 53 percent of U.S. owner-occupied houses, the biggest share since the government started collecting data in 1900, according to …
Baby Boomers Who Won’t Sell Are Dominating the Housing Market Read More »
These days, the price of a San Francisco home can easily top a million dollars. But one savvy investor has bought up a whole street in the city’s most exclusive neighborhood for a mere $90,000. Trouble is, some of the extremely wealthy residents of Presidio Terrace were not aware their street was up for sale …
Street In San Francisco’s Fanciest Neighborhood Sold At Tax Lien Auction; Homeowners Sue Read More »
A historic home in Montclair, N.J., is turning heads with a very tempting list price: $10. The 3,912-square-foot home with four bedrooms and two bathrooms, built in 1906, is one of 500 properties in the area designed by architect Dudley S. Van Antwerp. Historic homes designed by famous architects usually fetch high prices. In fact, …
First American’s proprietary Real House Price Index (RHPI) looks at April 2017 data and includes analysis from First American Chief Economist Mark Fleming on the impact of wages and lower interest rates on real house prices. “Despite the monetary tightening policies of the Federal Reserve, a dip in the average rate for a 30-year, fixed-rate …
What Caused House Prices to Decline for the First Time in 8 months? Read More »
So, you want to start investing in Tax Liens, but have no idea where to start? If you’re like most investors, you’ve seen the late-night infomercials and read gobs and gobs of information online about what an incredible opportunity tax lien investments are. Unfortunately, most of the things you’ve read provided you with just enough …
Responding to investor and lender concerns regarding the time and costs associated with completing smaller real estate transactions, the Federal Reserve Board, the Federal Deposit Insurance Corp., and the Office of the Comptroller of the Currency July 19 proposed raising the sale price threshold for commercial real estate transactions requiring an appraisal to more than …
About 23 percent of residential homes built for one to four families are now owned by investors. Institutional owners own fewer than 400,000 single-family residential homes, while nearly 8 million non-institutional investors own the rest. Most use a property management firm once they’ve accumulated more than four units. Out of about 125 million households in …
Foreclosure filings, which include default notices, scheduled auctions, and bank repossessions, are down 20 percent from the same period a year ago, according to the Midyear 2017 U.S. Foreclosure Market Report from ATTOM Data Solutions. “With a few local market exceptions, foreclosures have become the unicorns of the housing market: hard to find but highly …
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