Home affordability takes a hit as prices surge once more
In second-quarter 2023, a renewed surge in home prices made it even harder to afford a home, according to the U.S. Home Affordability Report from Attom. This upswing pushed the portion of average wages needed for major homeownership expenses up to 33%, the highest level seen since 2007 and well above the common lending standard […]
Fix-and-flip investors remain optimistic in a mixed market
Flipping homes in today’s market is difficult, and many investors have turned away. But other investors are dedicated and bullish, and they continue to snatch up vacant and dilapidated homes. When they’re through, they add newly renovated, turnkey inventory back into the market while taking home a tidy profit. Properties flipped by their investors and […]
End-of-year foreclosure activity should gain steam
A vestige of emergency loss- prevention policies implemented during the COVID-19 pandemic have kept the U.S. foreclosure market funnel partially clogged. But many of the nation’s mortgage servicers expect foreclosure volume to gradually pick up speed in the final months of 2023. That’s according to a survey of more than 50 representatives from leading mortgage […]
Staring at the Phone Won’t Win You Any Business
The best way to generate leads is to make inroads with real estate agents
Meet People Where They Spend the Most Time
An online strategy is key to engaging with potential homebuyers
Net Worth Can Matter More Than a Pay Stub
Asset utilization loans may fit borrowers with limited W-2 income
Put the Cold Calls on Ice
The best leads come from established referral partners
Don’t Overlook This Treasure Trove of Data
Lenders and originators can benefit from information gleaned on mortgage payments
Student Debt Is Coming Home to Roost
Opportunity exists to earn new business and diversify into a new market
Taking Flight
Expect smaller companies to emerge from the down cycle by using unconventional methods