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Schmidt Mortgage Company Blog

Housing Prices are NOT Heading for Another Crash

As home values continue to increase at levels greater than historic norms, some are concerned that we are heading for another crash like the one we experienced ten years ago. We recently explained that the lenient lending standards of the previous decade (which created false demand) no longer exist. But what about prices? Are prices appreciating at the same rate that they were prior to the crash of 2006-2008? Let’s look at the numbers as reported by Freddie Mac: The levels of appreciation we have experienced over the last four years aren’t anywhere near the levels that were reached in

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Experts Predict Next Year’s Housing Market Trends

Economic experts have begun weighing in on expected trends in the housing market for next year. Knowing and preparing for changes in the market can help savvy real estate professionals weather any storms that may come. Here are some of the predictions to be on the lookout for: Increase in Home Purchases Every industry expert whose opinions we looked at agreed: Purchase mortgage volume will increase in 2018. In fact, Michael Fratantoni, chief economist and senior vice president of research and technology of the Mortgage Bankers Association (MBA), expects purchase growth through 2020. Freddie Mac’s Economic and Housing Research Group

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Marketing to Millennials

I’m going to right up front with you, I am a traditional man and I do not like change very much. We all have our own way of doing business and some of us are a little better with technology than others. I am better at technology these days but not as good as most. But in order to keep pace with these youngsters today and to ensure you capture some of this market one must think like a Millennial. …Well, forget about that… I can adapt but I still cannot embrace having a texting conversation with someone. I still

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1953 Englewood Ave.
Akron, OH 44312
Phone: (330) 798-4677
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Rocky River

20545 Center Ridge Road
Suite 250
Rocky River, OH 44116
Phone: (440) 356-3242
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35104 Euclid Ave.
Suite 202
Willoughby, OH 44094
Phone: (440) 953-0447
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