Tag Archives: Mortgage

Week in Review: Things We Liked from the Week That Was

Week in Review: Things We Liked from the Week That Was

Posted on 20. Aug, 2010 by Sherry Chris.

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Some slowdowns are good.  DJ Shamantis created an internet hit this week with “U Smile 800 Percent Slower.” A rendition of pop star Justin Bieber’s hit played eight times slower. Give it a full listen if you have 35 minutes to spare. What is speeding up:  The rate of new mortgage applications, quickening 13 percent [...]

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Week in Review: Things We Liked from the Week That Was

Week in Review: Things We Liked from the Week That Was

Posted on 13. Aug, 2010 by Sherry Chris.

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Social media’s power in capturing the public’s imagination was in full display again this week when a Jet Blue flight attendant quit his job after he “hurled obscenities at passengers over the airliner’s PA system, then deployed the inflatable emergency chute, slid down and fled.”  He instantly became an Internet sensation, spawning a Facebook page [...]

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Week in Review: Things We Liked from the Week That Was

Week in Review: Things We Liked from the Week That Was

Posted on 06. Aug, 2010 by Sherry Chris.

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President Obama, born August 4, 1961, celebrated his 49th birthday this week.  The same year the President was born, the lobby group National Committee against Discrimination in Housing (NCDH) released a report which found that private mortgage lenders continued to “profit from Federal benefits, chartering and insurance” yet still “deny loans on the basis of [...]

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Week in Review: Things We Liked from the Week That Was

Week in Review: Things We Liked from the Week That Was

Posted on 30. Jul, 2010 by Sherry Chris.

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There was a lot to digest this week, and I’m not just talking about the half-size “Super Sub” President Obama ordered in Edison, New Jersey as part of his tour supporting a small business plan. Food for thought in our industry came in the form of mortgage-to-income ratios at the lowest in more than 30 [...]

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Week in Review: Things We Liked from the Week That Was

Week in Review: Things We Liked from the Week That Was

Posted on 02. Jul, 2010 by Sherry Chris.

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As Hurricane Alex swirled around the Gulf producing ten-foot waves and 25 mph winds, 180,000 homebuyers got a lifebuoy that will save them from what could have been a perfect storm of their own.  These homebuyers, who signed a purchase agreement by April 30, were likely going to miss the June 30th deadline to complete [...]

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Tax Credit Extension or Not

Tax Credit Extension or Not

Posted on 28. Jun, 2010 by Wendy Forsythe.

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We prospect diligently to find qualified buyers. We work with them tireless to find the perfect home. We negotiate expertly on their behalf to get an accepted offer. But then the real work begins these days. As we try to hold it all together and actually get to a successful closing. NAR estimates that as [...]

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Week in Review: Things We Liked from the Week That Was

Week in Review: Things We Liked from the Week That Was

Posted on 25. Jun, 2010 by Sherry Chris.

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Even with a whirlwind of news this week – from General McChrystal’s departure to the longest tennis match in the history of Wimbledon – real estate remained a major focus. Sales of new single-family homes were down 32.7 percent to a record low. Sales of previously owned homes, although up 19.2 year over year, fell 2.2 percent. Rounding it out, mortgage applications dropped to their lowest level since 1997. All of these [...]

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Week in Review: Things We Liked from the Week That Was

Week in Review: Things We Liked from the Week That Was

Posted on 11. Jun, 2010 by Sherry Chris.

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On the foreclosure front this week, the pace of prime borrowers succumbing to foreclosure is accelerating with unemployment being the major driver. The good news, though, is that foreclosures in general leveled off in May, with numbers nearly flat from a year ago. This fluctuation and changes in the market lately have accounted for a [...]

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Week in Review: Things We Liked from the Week That Was

Week in Review: Things We Liked from the Week That Was

Posted on 21. May, 2010 by Sherry Chris.

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This week, we are starting to see the first inklings of what a post-tax credit real estate market looks like. Numbers out this week show that mortgage rates fell to the lowest level in months, mortgage applications fell to the lowest level in 13 years and new building permits were down 11.5 percent. But, there [...]

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What’s Happening with Rates?

What’s Happening with Rates?

Posted on 20. May, 2010 by Rick Gregory.

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I spend a lot of time with our franchisees discussing both macro and micro economic trends in various parts around our great country.  During a recent conversation regarding home affordability, a sales associate asked what causes mortgage rates to change so quickly.  This particular sales associate is newer to the business and apparently, just had [...]

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Lease Renewal Analysis

Lease Renewal Analysis

Posted on 19. May, 2010 by Robert Albanese.

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How much square footage do you really need? How many walk-ins do you get anymore?  The old math dictated that we allow 100 square feet per agent, but this has become less and less relevant and less and less practicable.  To the extent that you are running a “traditional office” with desks, your focus needs to [...]

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