Click City Name for Meeting Location – All Meetings Begin at 7:00 PM Local Time MOBILE, AL – Monday, 1/10/22 — PENSACOLA – Tuesday, 1/11/22 — DESTIN / FWB – Wednesday, 1/12/22 . There’s a well-known adage that entrepreneurs will work 80 hours per week for themselves to keep from working 40 hours per week…
[facebook] [retweet] A normalizing of the housing market in the last few years has meant a huge decline in distressed inventory available for sale—which has contributed to the low levels of existing homes for sale in recent months. Despite the lack of inventory, investors are becoming more involved in the market, according to data released…
ASK THE PIG – “How Do You Value Diseconomies?” A diseconomy in real estate is a condition unrelated to the property itself that can negatively affect its value. An example of this might be an area that was recently flooded (even if the subject property was not), a home that backs up to a cemetery…
[facebook] [retweet] Lending product HomeReady expands to include refis The government is once again expanding access to credit in an effort to capture a wider audience by making homeownership more available through Fannie Mae’s latest update. Thanks to new research and lender input, Fannie Mae announced its new HomeReady mortgage that will replace MyCommunityMortgage, Fannie’s…
[facebook] [retweet] Clear Capital: Increases in distressed, seasonal changes suggest yes A new report from Clear Capital suggests that REOs and short sales may be on the rise again. “With stocks plummeting last week and the global economic impact on our domestic economy and housing markets still unknown, distressed sales continue to be a critical…
[facebook] [retweet] More than 254K properties regained equity New analysis shows 254,000 properties regained equity in the first quarter of 2015, bringing the total number of mortgaged residential properties with equity at the end of Q1 2015 to approximately 44.9 million, or 90% of all mortgaged properties, CoreLogic (CLGX) reports. Nationwide, borrower equity increased year…
[facebook] [retweet] The debt cycle goes psychological. A recent post from Liberty Street Economics, the blog from the Federal Reserve Bank of New York, gave the public finance perspective on student loan debt. As you all may be aware, the current administration is looking at ways to help college students receive a greater proportion of…
[facebook][retweet] It’s time to say goodbye to real estate closings as we’ve known them for the last several years. The infamous HUD-1 Settlement statement, which is used by title companies and closing attorneys in nearly every real estate transaction, is officially being retired. The much-maligned and often criticized Consumer Financial Protection Bureau (birthed out of…