It is unclear how having elected the first business person with no prior political experience and a heavy background in real estate as the nation's president is going to influence the housing market. In the hours and days after the election, financial markets became quite Continue Reading
Archives for November 2016
What does President Trump mean for the housing market?
Will he use real estate to kickstart the economy? What will happen to mortgage rates? Could it become easier to borrow money? Will there be cutbacks in federal programs? Will the mortgage interest deduction go away? Will there be reforms at Fannie Mae or Continue Reading
Market Statistics: Week Ending October 29th, 2016
We enter the fourth quarter of the year knowing that the share of first-time home buyers rose for the first time in approximately three years. This fact is driven primarily by healthy job growth, but we need to see more homes entering the market in order to combat the low Continue Reading
The Home Equity Playbook
The Home Equity Playbook What is Home Equity? Home equity seems to be a very simple calculation — the total amount of mortgages owed subtracted from the current market value of a home. Here is a simple example: Current Home Market Value $325,000 Existing Continue Reading