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Schmidt Mortgage Company Blog

4 Home Design Trends to Watch for in 2018

By on January 23, 2018   /   Home Design  

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

By on January 17, 2018   /   Economic News, Home Buying, Homeownership, Real Estate  

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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Cleveland, Dayton Among Top Cities For Owning Over Renting

By on January 11, 2018   /   Economic News, Home Buying, Homeownership, Mortgage Rates  

According to an article published in National Mortgage News, the trend of owning a homeownership being a cheaper option than renting is starting to change. Attom Data Solutions, the company who conducted the study, found homeownership was more affordable than renting in 54% of the top 447 US cities, down from 66% a year ago. The 14 most populated counties, and in 30 of 39 counties with a population at or above 1 million, renting is more affordable than buying a home. “Although buying is still more affordable than renting in the majority of U.S. housing markets, that majority is

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Rocky River

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Rocky River, OH 44116
Phone: (440) 356-3242
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