It’s no secret that there’s a shortage of available homes for sale in today’s real estate market. But the reasons behind the shortage are a little less obvious. Some experts believe the low inventory is a result of several factors, among which include homeowners still struggling with low equity as a result of the Great Recession. However, there are some experts that are looking at a particular generation that’s causing a clog in the inventory pipeline: Baby Boomers.
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More people applied for mortgages to purchase newly built homes in July than they did a year ago, according to data from a recent industry survey. The Mortgage Bankers Association (MBA) Builder Applications Survey (BAS) for July 2017 revealed a 5.1 percent increase in mortgage applications for new home purchases compared to a year ago. Since June 2017, applications decreased by 12 percent. According to the MBA, these changes reflect figures that are not adjusted for typical seasonal patterns.
Read more →NOTE: Schmidt Mortgage Company is a division of Mid America Mortgage. ADDISON, Texas, Aug 07, 2017 (SEND2PRESS NEWSWIRE) — Mid America Mortgage, Inc. (Mid America) announced today that Chief Operating Officer (COO) Kara Lamphere has been honored by two mortgage industry media outlets for her contributions to both Mid America and the industry at large. “I can’t say enough good things about Kara Lamphere,” said Mid America Owner and CEO Jeff Bode. “Her expertise, drive and determination have been instrumental to Mid America Mortgage’s success in advancing our internal and external digital mortgage initiatives, and I am beyond thrilled that
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