Fannie Mae and Freddie Mac introduced 3% down mortgages nearly two years ago, and the product has slowly made its way into both big and small lender offerings since then, as the shock and awe of the original announcement wore off. In a recent interview with HousingWire, Mat Ishbia, CEO of United Wholesale Mortgage, explained […]
Asking Prices Zoom to Record Highs
A robust spring market is causing sellers to up their asking prices, according to a preliminary analysis of May data from realtor.com®. “The past three months have set new records,” says Jonathan Smoke, realtor.com®’s chief economist. “Prior to that, the highest median list price was July last year.” The median list price in May is […]
New Home Sales Reach Post-Recession High
Sales of newly built, single-family homes rose 16.6% in April from an upwardly revised March reading to a seasonally adjusted annual rate of 619,000 units, according to newly released data by HUD and the U.S. Census Bureau. This is the highest sales pace since January 2008. “Builders remain optimistic about the housing market, and this month’s […]
Monarch Title Receives Certificate of Compliance For Meeting ALTA Industry Best Practices
Monarch Title Company is pleased to announce reaching a major milestone by having a third party CPA firm, HA&W, from Atlanta, GA perform an audit of the companies title insurance and settlement practices. The CPA firm found Monarch Title to be in compliance with all material respects with the American Land Title Association, Industry Best […]
Americans Think Homeownership is a Sound Investment
NAR’s twelfth Housing Pulse Survey shows a vast majority of Americans believe that buying a home is a solid financial decision, and most believe that homeownership helps create safe, secure, and stable environments. The survey, which measures consumers’ attitudes and concerns about housing issues, found that building equity and preparing for retirement are the top […]
Builder Confidence Hits Highest Level Since November 2005
Builder confidence in the market for newly built, single-family homes in July hit a level of 60 on the National Association of Home Builders/Wells Fargo Housing Market Index (HMI) while the June reading was revised upward one point to 60 as well. The last time the HMI reached this level was in November 2005. “The […]