HUD highlights support for expansion of high-speed Internet access
U.S. Department of Housing and Urban Development (HUD) released a new guidebook Monday that highlights support for expanding high-speed broadband internet service to public housing authorities, multifamily owners and operators, and Native American tribal communities in urban and rural areas. The guidebook outlines the funding program mechanics and how these regions can ensure they receive […]
Real Estate Marketing in a Down Market
Real estate is a business that is heavily dependent on market trends and economic conditions. The real estate market has been in a slump for a while now, but it seems to be showing signs of recovery. There are still many homes listed for sale, but many of them are overpriced or buyers just don’t […]
Adjustable-rate mortgages: a guide for first-time buyers
90% of first-time home buyers use a 30-year fixed-rate mortgage to finance their home. Another ten percent use adjustable-rate mortgages (ARMs). ARMs are a standard, regulated mortgage product. They’re not bad or dangerous or hostage-to-escape types. For many first time buyers, choosing ARM vs. Fixed is more appropriate. This article discusses ARMs, what they are […]
Fannie Mae approves six vendors for controversial new appraisal initiative
Participating firms, which will collect appraisal data and put it through Fannie Mae’s API, include some of the biggest names in the mortgage tech space: solidify, class assessment, clean capital, Mueller Services, Inc., exact group And black KnightKey Collateral Analytics LLC. For the new Price Approval and Property Data option, third parties are authorized to […]
Keeping Up with Current Affairs has hired George Ratiu as chief economist.
Keeping up with current affairs (KCM) announced Tuesday that George Ratiu, formerly manager of economic research realtor.comHas joined the company as Chief Economist. Retiou has over 15 years of experience tracking the US economy and real estate markets, having worked in National Association of Realtors And Move, Inc. before joining Realtor.com in 2021 where he […]
Examples of Companies That Grow During a Recession
Let us discuss some examples of companies which showed recession-free growth due to their advanced marketing efforts. 1. Kellogg’s during the Great Depression In the 1920s, the Post was the market leader, but when the Great Depression hit, the company significantly reduced its marketing. Meanwhile, its biggest rival, Kellogg’s, doubled its advertising spending and quickly […]
Lower mortgage rates are boosting sales of existing homes
Existing home sales fell heavily short of estimates on Tuesday. This wasn’t shocking to those who follow the way I track housing data. To understand why our sales took off so quickly, you only need to go back to November 9th, when mortgage rates began to decline. 7.37% To 5.99%, During November, December and January, […]
6 of your burning questions, answered
in this article A condo can be an attractive option when buying an investment property, especially for first-time investors. They generally cost less than single-family homes and can be easier to maintain. However, whether or not they are a good investment depends on a number of factors. Ready to learn more? Read on to find […]
Black Knights Scout was added to Fannie Mae’s list of rated options.
Lenders and appraisal management companies and other property data collection companies can now use black KnightScout mobile property inspections as part of the price approval plus property data process. Black Knight said Tuesday that with the cloud-based Scout app, users can easily collect detailed internal and external asset data using a mobile device. “By using […]
