Dave Stevens on understanding this housing market 5 things loan originators need to remember December 5, 2022, 9:51 am By David Stevens, CMB I have been part of the mortgage banking industry since 1983 — 39 years to date through different housing markets. And while my more recent roles were more senior in stature, my mind tends to think like I did when I was a top loan originator in Denver back in...
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I don't think any of us really know what the future for the housing market holds. However, this video explains a lot about what those who make decisions for our economy look at at. Being educated on how this works and what to look at can help one be just a little more cause in this arena. Take a few minutes, about 30, and listen to what this real estate expert has to...
At the end of September, gasoline prices were 25.6% higher than a year ago, well above the overall inflation rate. Frankly, the best way to save on gasoline is to use less of it. To do this, studies show that the single biggest factor that affects your vehicle’s fuel economy is how you drive. Here are some fuel-saving driving tips along with other advice from experts that can reduce your visits to those...
This was sent to me by one of my lenders, Jason Pike with Waterstone Mortgage. I thought it was really great and wanted to pass it on. You can either run from the challenge, “by ignoring the present, calming yourself by thinking this will all be over in 3 to 6 months” or you “jump into the reality of today with the attitude of not concerned on how long this will last”. You adapt your business...
There is joy that comes from owning your own home, but there are responsibilities you must stay on top of. It is important that you avoid putting off key home maintenance items when they come up. Doing a small but necessary job now can help you avoid a big, costly problem later. Attending to these things is not that difficult or expensive—and it will save you money overall. Here is a list of...
Labor Day normally indicates the end of summer and the beginning of fall. Schools have started and families are back to a more stable routine. Now how does this all effect the housing market? Well, here is what is being said about it nationally: In July, total residential construction spending fell 1.5% below June’s revised estimate, to a $920.4 million annual rate. However, that number is...
Realtor.com reports active inventory continues to grow, up 30% from a year ago. This jump in supply gives today’s shoppers an extra home to consider for every three that were on the market this time last year. Freddie Mac tells us: “Declines in purchase demand continue to diminish while supply remains fairly tight….The consequence is that house prices likely will continue to rise, but at a...
Today with interest rates raising, one wants to ensure their credit score is the best it can be. Your credit score, also known as your FICO Score, plays an important role when you apply for a mortgage. You can get a free credit report from each of the three credit bureaus once a year at AnnualCreditReport.com. This is the only source for free credit reports, and it’s authorized by federal law. It...