Mortgage

Finicity Delivers a Frictionless Digital Lending Experience with Cre8tech Labs’ Lender Price

SALT LAKE CITY, Utah/ July 12, 2018 (STL.News) Finicity, a provider of real-time financial data aggregation and insights, announced today it has signed on to work with Cre8tech Labs, Inc., a provider of innovative technology products for the financial services industry, to streamline and speed up the verification process in mortgage lending. The initial focus … Continue reading Finicity Delivers a Frictionless Digital Lending Experience with Cre8tech Labs’ Lender Price

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

HomeKeepr Surpasses Five Million Recommendations for Home Service Professionals

LYNDHURST, N.J./ June 21, 2018 (STLRealEstate.News)  — HomeKeepr, the leading referral-only online community of REALTORS®, home service professionals and homeowners, today announced it has surpassed the five-million recommendation mark. The company has signed on more than 110,000 real estate, mortgage, and insurance professionals who have in turn recommended more than 320,000 home service contractors and … Continue reading HomeKeepr Surpasses Five Million Recommendations for Home Service Professionals

Less Than 10 Percent of Homeowners Are Underwater on Their Mortgages

SEATTLE/ May 30, 2018 (STLRealEstate.News) — More than a decade after the housing market collapsed, the recovery has passed another milestone. The share of homeowners who owe more than the value of their home is 9.1 percent, falling below 10 percent for the first time since the housing market fell, according to Zillow®’s 2017 Q4 Negative Equity … Continue reading Less Than 10 Percent of Homeowners Are Underwater on Their Mortgages

Kushner Cos. in talks to sell stake in struggling skyscraper

NEW YORK/May 18, 2018 (AP)(STLRealEstate.News)— Jared Kushner’s family real estate company is in talks to sell a stake in its struggling Manhattan skyscraper, potentially ending a global search for cash that has been criticized for raising conflicts with Kushner’s ties to the White House. A person familiar with the matter told The Associated Press on … Continue reading Kushner Cos. in talks to sell stake in struggling skyscraper

WASHINGTON | US pending home sales tick up in March for 2nd straight gain

WASHINGTON (AP) — Slightly more Americans signed contracts to buy homes in March, yet higher mortgage rates and a shortage of available houses are weighing on sales. The National Association of Realtors said Monday that its pending home sales index ticked up 0.4 percent last month to 107.6. It was the second straight increase, but … Continue reading WASHINGTON | US pending home sales tick up in March for 2nd straight gain

Median-Priced Homes Not Affordable For Average Wage Earners In 68 Percent Of U.S. Housing Markets

IRVINE, Calif./ March 29, 2018 (STLRealEstate.News) — ATTOM Data Solutions, curator of the nation’s premier property database, today released its Q1 2018 U.S. Home Affordability Report, which shows that median home prices in Q1 2018 were not affordable for average wage earners in 304 of 446 U.S. counties analyzed in the report (68 percent). The report … Continue reading Median-Priced Homes Not Affordable For Average Wage Earners In 68 Percent Of U.S. Housing Markets

NAR Infographic: How Recent Buyers Purchased Their Home

WASHINGTON/ Jan. 8, 2018 (STLRealEstate.News) — A strengthening U.S. economy, rising home values and the ongoing stretch of remarkable job creation sparked both growing demand and ability to purchase a home over the past year. While supply and affordability constraints are indeed making homebuying a challenging endeavor for many households, data from the National Association of … Continue reading NAR Infographic: How Recent Buyers Purchased Their Home