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Archive for the Mortgage Industry Category

Starter homes are gaining equity faster, new study reveals

By on March 7, 2018   /   Mortgage Industry  
woman holding money in house-shaped box

Owners of starter homes across the country are gaining equity faster, as demand for entry-level homes continues to grow. According to a recent analysis from Zillow, U.S. homes in the most affordable segment gained 8.5% in value over the past year, compared to a 3.6% gain in the most expensive housing segment. When stretched across the last five years, the trend is even more pronounced. People who bought started homes in 2013 have seen their equity grow by 44.4%, while owners of luxury homes in the highest price range have seen their equity grow by just 26.6%. As starter homes grow

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Housing Prices are NOT Heading for Another Crash

By on December 26, 2017   /   Home Buying, Home Selling, Mortgage Industry  

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

By on December 14, 2017   /   Economic News, Home Buying, Mortgage Industry, Mortgage Rates, Real Estate  
https://schmidtmortgage.com/millions-homeowners-missing-savings-not-refinancing/

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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Rocky River

20545 Center Ridge Road
Suite 250
Rocky River, OH 44116
Phone: (440) 356-3242
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