homebuyers

Mortgage Payments Require Largest Share of Income Since 2009

SEATTLE/ June 21, 2018 (STLRealEstate.News) — The combination of rising rates and strong home value appreciation led to one of the largest recorded quarterly increases in the mortgage burden for homebuyers since the Great Recession.  In the first quarter of 2018, the share of median income needed for monthly mortgage payments on the median U.S. home increased to … Continue reading Mortgage Payments Require Largest Share of Income Since 2009

U.S. Home Prices At Least Affordable Level Since Q3 2008

IRVINE, Calif./ June 21, 2018 (STLRealEstate.News) — ATTOM Data Solutions, curator of the nation’s premier property database, today released its Q2 2018 U.S. Home Affordability Report, which shows that the U.S. home prices in the first quarter were at the least affordable level since Q3 2008. The report calculates an affordability index based on percentage … Continue reading U.S. Home Prices At Least Affordable Level Since Q3 2008

US home sales fell 0.4 percent in May amid inventory crunch

WASHINGTON/June 20, 2018 (AP)(STLRealEstate.News) — U.S. existing home sales slipped 0.4 percent in May, as the prolonged shortage of properties on the market is deterring home-buying. The National Association of Realtors said Wednesday that homes sold at a seasonally adjusted annual pace of 5.43 million in May, the second straight monthly decline. Sales have tumbled … Continue reading US home sales fell 0.4 percent in May amid inventory crunch

This Week: Oracle results; May home sales; Philly Fed survey

June 18, 2018 (AP)(STLRealEstate.News) — A look at some of the key business events and economic indicators upcoming this week: SEEKING OUT THE ORACLE Silicon Valley software giant Oracle will report its fourth-quarter results on Tuesday. Oracle makes database-intensive software platforms for large companies, and is the second-largest software developer in the world behind Microsoft. … Continue reading This Week: Oracle results; May home sales; Philly Fed survey

U.S. Home Equity Lines Of Credit Increase 14 Percent In Q1 2018

IRVINE, Calif.,/June 14, 2018 (STLRealEstate.News) — ATTOM Data Solutions, curator of the nation’s premier property database, today released its Q1 2018 U.S. Residential Property Loan Origination Report, which shows that more than 1.8 million (1,813,691) loans secured by residential property (1 to 4 units) were originated in Q1 2018, down 5 percent from the previous … Continue reading U.S. Home Equity Lines Of Credit Increase 14 Percent In Q1 2018

Growth of Online Home Shopping Puts Premium on Listings That Grab Attention of Buyers with Alluring Photos, RE/MAX Brokers Report

CHICAGO/ June 8, 2018 (STLRealEstate.News) — Online home shopping is no longer a growing trend, it’s an undeniable reality. By some estimates, over 90 percent of homebuyers shop that way. One result of this change in buyer habits, contends Jeff LaGrange, Vice President of the RE/MAX Northern Illinois Region, is that home listings, which once … Continue reading Growth of Online Home Shopping Puts Premium on Listings That Grab Attention of Buyers with Alluring Photos, RE/MAX Brokers Report

Amazon HQ2 Finalists Ranked By Housing Market Health

IRVINE, Calif./ May 31, 2018 (STLRealEstate.News) — ATTOM Data Solutions, curator of the nation’s premier multi-sourced property database, ranked the 19 U.S. finalists for Amazon’s second headquarters, known as HQ2, based on seven factors impacting housing market health and quality of life for prospective homebuyers and homeowners. The seven factors analyzed in the rankings were … Continue reading Amazon HQ2 Finalists Ranked By Housing Market Health

Financing the American Dream: FHA is a Viable Option

BREA, Calif./ May 31, 2018 (STLRealEstate.News) — Bloomberg published an article last week presenting a Branch Manager—who is a valuable member of his community, the mortgage lending industry, and American Financial Network, Inc. (AFN; NMLS #237341)—as “Getting Rich on Government-Backed Mortgages.”  The article contained some unpleasant remarks toward our Team AFN Branch Manager—Angelo Christian, the Federal Housing … Continue reading Financing the American Dream: FHA is a Viable Option