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Schmidt Mortgage Company Blog

Existing-Home Sales Hit 11-Year High

The number of existing-home sales increased as a whole for 2017, reaching an 11-year high despite December’s sales subsiding from the previous month. According to the National Association of Realtors (NAR), total existing-home sales, which are completed transactions that include single-family homes, townhomes, condominiums and co-ops, increased 1.1 percent in 2017 to a 5.51 million sales pace and surpassed 2016 (5.45 million) as the highest since 2006 (6.48 million). “Existing sales concluded the year on a softer note, but they were guided higher these last 12 months by a multi-year streak of exceptional job growth, which ignited buyer demand,” said Lawrence Yun,

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4 Home Design Trends to Watch for in 2018

Just like fashion, music, hashtags and social media challenges, the home design world is dominated by select trends. In today’s post, we’ll highlight a few hot trends for home design predicted by industry pros for 2018. Bamboo is back! That’s right, along with many other nods to the nineties, Asian-inspired bamboo elements are likely to make a comeback in 2018. According to a recent entry in the National Association of Realtors’ Styled, Staged & Sold blog , bamboo is making its way into several design features, including flooring, window treatments, wall accents and furnishings. We suspect bamboo’s return to popularity may partially

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Home builder confidence remains strong into the new year

Builder confidence for new, single-family homes fell slightly as 2018 began, but overall remains strong. The National Association of Home Builders (NAHB) recently released the results of their monthly joint report with Wells Fargo, which support the continuing strength of the market for new homes. The NAHB/Wells Fargo Housing Market Index (HMI) dropped 2 points in January to 72 after reaching an 18-year high in December 2017.  So what’s behind the robust state of the newly built, single-family homes market? Proposed tax reform is one factor, along with steady demand for new housing as existing real estate inventory remains sparse. “Builders are

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1953 Englewood Ave.
Akron, OH 44312
Phone: (330) 798-4677
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Rocky River, OH 44116
Phone: (440) 356-3242
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Willoughby, OH 44094
Phone: (440) 953-0447
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