Another positive month for home sales, according to HAR
Single-family home sales in Houston were up 3.6 percent year over year and 4.1 percent year-to-date, marking the fifth straight month of positive home …
Real Estate Broker/Agency News
Software company buys former CJ Brown location on Airline
Not only does the office handle home sales, but it has an insurance and mortgage businesses under the same roof. “This office was set up for real …
Gateway First Bank makes two key hires
Gateway First Bank made back-to-back announcements this week regarding two key hires. On Tuesday, the bank welcomed Joell Maddox as director of treasury services. The following day, Gateway announced that Thomas Ramm joined as chief investment officer. “This is a critical hire for us,” Gateway Chairman and CEO Stephen Curry
Adios coast: Nearly all the top markets are inland
Migration away from expensive coastal cities is set to continue in 2020. Strong economies, more jobs and available inventory are expected to drive more people to inland cities in 2020, realtor.com says. More specifically, there are 10 markets that realtor.com predicts will be the top housing markets for 2020, and
Deal to scrap tariff hikes a win for the housing market, economists say
The Trump administration has reached a deal to scrap tariff hikes on Chinese goods set to take effect on Sunday and slash some existing duties in half, according to CNBC. That’s a positive for the housing market, according to economists. It comes with a caveat, though. A similar announcement in
Renters paid $4.5 trillion in rent in the last 10 years
Landlords have had a very lucrative decade. During the 2010s, U.S. renters paid about $4.5 trillion in rent, according to Zillow. That’s more than the 2018 GDP of the world’s fourth-largest economy, Germany. In 2019 alone, renters paid out $512 billion in rent. The total amount of rent paid in
Borrowers gained nearly $457 billion in home equity in the last year
Homeowner equity continued to increase in the third quarter of the year, according to the Q3 2019 home equity analysis from CoreLogic, a property information, analytics and data-enabled solutions provider. Homeowners with a mortgage – about 64% of all homeowners – saw their equity increase by 5.1%, a total of nearly $457
Capital City Bank acquiring majority interest in BrandMortgage
BrandMortgage, a mortgage lender that operates in the Southeast, will soon have a new majority owner and a new name after the company agreed to sell majority interest to Capital City Bank. The mortgage lender, which operates in Alabama, Georgia, Florida, Maryland, Mississippi, North Carolina, South Carolina, Tennessee, Virginia, and
Most lenders expect to keep making big money on mortgages
Recent data from the Mortgage Bankers Association revealed that lenders are now making more money per loan than they’ve made in almost seven years. And a new report from Fannie Mae suggests that most lenders believe they’ll keep making that much money per loan for the foreseeable future. Fannie Mae
Freddie Mac: Mortgage rates inch forward to 3.73%
This week, the average U.S. fixed rate for a 30-year mortgage came in at 3.73%. Although this rate is an increase from last week’s percentage, it’s still more than a percentage point below the 4.63% of the year-earlier week, according to the Freddie Mac Primary Mortgage Market Survey. “Since early September, when mortgage rates posted
US Home-Flipping Activity Drops As Returns Remain At Near Seven-Year Low
The homes flipped in the third quarter represented 5.4 percent of all home sales during the quarter. That level was down from 6 percent of all home …
Chattanooga housing markets among the strongest in US, study says
This contrasts with an anticipated 1.8% drop in home sales nationally and with a 0.8% increase in prices. Darlene Brown, president of Real Estate …
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