Tool Can Shorten Loan Processing by 15 Days?
Freddie Mac has a new “automated method” to analyze incomes based on direct deposits. Up to 93% of borrowers could see a quicker loan-process timeline.
Average Mortgage Rate Increases Again, Hits 3.92%
It’s been almost two years since a 30-year, fixed-rate mortgage averaged 3.92% (May 2019 at 3.99%). One year ago, the 30-year FRM averaged 2.81%.
Fla. to Distribute $676M in Homeowner Mortgage Aid
On Feb. 9, the U.S. Treasury OK’d Fla.’s plan to distribute federal money to help homeowners, though the state has not yet released its distribution plan.
Jan.: Housing Starts Down, Building Permits Up
While the number of housing starts declined 4.1% compared to Dec., the number of building permits – indicators of future housing-start numbers – rose 0.7%.
Real Estate Marketing: Is LinkedIn the New Facebook?
While Facebook still dominates marketing, it’s losing share to LinkedIn, at least within the real estate industry. And TikTok appears to be on the rise, too.
Builders Say Supply Issues Create Major Problem
Feb.’s confidence index fell another point. It’s a still-strong 82, but “many builders wait months to receive cabinets, garage doors, countertops and appliances.”
It’s Not Just Home Prices; U.S. Rents Rise Sharply
Cities in Florida, New York and New Jersey are seeing steep jumps in rent. Austin, Texas had biggest 1-year gain, 40%; rent in Orlando rose 30%.
Small Apartments, Lower Rent: Answer to Downtown?
Micro apartments are about two-thirds the size of a regular apartment but also cost less money, which could make them a hot option for downtown urban areas.
Tools for Creating Great Real Estate Video
Online videos may make up over 82% of all consumer internet traffic, so it’s key to use a good camera, microphone and have proper lighting.
Must Board Send Notices to Non-Full-time Residents?
Condo Q&A: The answer may depend on what type of meeting is being held, if it’s a regular board meeting or involves a special assessment or other issue.