Lenders and Title Agents See Savings with Remote Online Notarization Remote Online Notarization (RON) increased in usage by lenders, title companies and real estate agents in 2021. A study done by the American Land and Title Association (ALTA) shows that there has been a 228% increase in title companies that offer digital closings. That is […]
Posts in the Statistics category:
Is your credit score important?
It is one of the most important factors in your financial life. The higher your score, the more likely you are to qualify for loans with favorable terms, which in the end can save you thousands of dollars, especially on a mortgage loan. Credit scores range from 300 to 850. A credit score of less than […]
The Science of Homebuying Psychology: A Study
A recent survey of approximately 3,350 U.S. residents in 11 different metro areas who have either bought a home, sold a home, or plan to do so was conducted in the hopes of uncovering new perspectives and trends amongst recent homebuyers. It didn’t disappoint! The survey—which began back in May 2017 and has since asked […]
NAR: Here are 5 reasons for low homeownership rate
The job market continues to show improvement, and interest rates remain historically low, yet the homeownership rate in the U.S. remains near a 50-year low. The National Association of Realtors recently released a new white paper titled, “Hurdles to Homeownership: Understanding the Barriers” which lays out five reasons for the low homeownership rate. NAR released its paper in recognition of National […]
Are the Suburbs Having a Rental Boom?
After the recession, renters—particularly Millennials—were flocking to urban areas, and as such, urban apartment construction surged to record-high levels. But now, a new study shows that’s changing. Renters are now targeting the suburbs in greater numbers. Almost 10 years after the housing crisis, many people are asking themselves: “Where to live now?” During the post-recession […]
Battle Lines Form Over Popular Mortgage Interest Deduction
Treasury Secretary-designee Steven Mnuchin last week raised eyebrows on Capitol Hill and drew scrutiny from business advocates by pointing to potential curbs on the mortgage interest deduction in a CNBC interview. “We’ll cap the mortgage interest, but allow some deductibility,” Mnuchin said on Nov. 30. President-elect Donald Trump’s tax proposal makes no specific changes in […]