Why Did Interest Rates Move Up Last Week?
30 Second Market Update
February 22, 2021
You may have seen interest rates tick up last week? This happened for a few reasons, but the main one has to do with inflation. What is inflation? Inflation occurs […]
Bidding Wars Continue at an All-Time High
30 Second Market Update
February 15, 2021
As Presidents Day Weekend marks the unofficial start of the spring housing season, home buyers continue to find themselves in situations where they routinely get out-bid on their home purchase […]
Mortgage Application Data Breakdown
30 Second Market Update
February 08, 2021
The Mortgage Bankers Association (MBA) released their national mortgage application data for the week of January 17th, and the report showed that overall mortgage volume increased by 8.1%. When digging […]
Home Sales Expected to Surge to Record Numbers in 2021
30 Second Market Update
February 01, 2021
Zillow is now forecasting a 21.9% growth in sales, for a total of 6.82 million homes sold in 2021. This would mark the biggest annual sales growth since 1983. Jeff […]
New Construction Comes in Hot
30 Second Market Update
January 25, 2021
The US Census released residential construction data last week, and it showed that housing starts or the breaking of ground for new construction was up 5.8% in the month of […]
Refinance Demand Stays Strong
30 Second Market Update
January 18, 2021
Mortgage rates in 2020 experienced record low after record low throughout the year. The early weeks of 2021, however, have seen rates begin to tick up a bit. This slight […]
Housing Demand Continues to Drive Pricing
30 Second Market Update
January 11, 2021
CoreLogic released their Home Price Index last week, and it showed that home prices across the nation increased in price by 1.1% in the month of November. Over the last […]
Covid and It’s Impact on The Industry
30 Second Market Update
May 11, 2020
COVID-19 has obviously had a major impact on businesses and industries all over the world. This impact will also shape how these very same businesses and industries evolve and adapt […]
Zillow Reports Large Online Spike in Viewer Traffic
30 Second Market Update
April 27, 2020
Due to Covid-19, there are obvious challenges to both people looking to sell and buy homes. In normal times, sellers would be looking to take advantage of the typically robust […]
Conventional Loans with ONLY 3% Down
30 Second Market Update
April 13, 2020
As an alternative to Federal Housing Authority’s (FHA) 3.5% down payment minimum requirement program, Fannie Mae and Freddie Mac have their own low, down payment loan products requiring only a […]
Fannie Mae/Freddie Mac/HUD/VA Provide Alternatives to Traditional Appraisals
30 Second Market Update
March 30, 2020
Due to the outbreak of the coronavirus, the Federal Housing Finance Agency (FHFA) instructed both Fannie Mae and Freddie Mac to create alternative solutions for home appraisals. The U.S. Department […]
The Spring Market is Here!
30 Second Market Update
March 02, 2020
New home sales, which consist of newly-constructed homes, surged 7.9% on a monthly basis in January. The seasonally-adjusted annual rate of 764,000 units marked the highest level since July of […]
