by kramoltz@hotmail.com | Jul 1, 2016 | Mortgages + Lending
MPA Magazine reports that large banks are leaving the home mortgage business. They originated just 52% mortgages in 2014, down from more than 70% seven years earlier. The magazine cites the CEO of BankUnited (a Florida based bank) who said “We can’t make...
by kramoltz@hotmail.com | Jun 29, 2016 | Selling Your Home
Some sellers will try weird marketing methods. Here are 3 of the most unusual: 1. Alcohol. A Chicago-area seller offered a $1,000 tab at a bar located across the street from the property. 2. Another home. A Connecticut seller threw in their Florida vacation condo...
by kramoltz@hotmail.com | Jun 27, 2016 | Mortgages + Lending
Over the past few years the federal government and lenders have taken several steps to open up the credit box. Signs that the efforts were paying off came last fall when credit scores on closed loans lowered to 723. As of April 2016, the average FICO score was still...
by kramoltz@hotmail.com | Jun 23, 2016 | Arizona and Its Amenities, Real Estate Facts & Figures
Phoenix tied San Francisco for the best high-tech job growth among major North American markets over the past two years, according to a new report from CBRE. The report shows the Phoenix added 12,662 new high-tech jobs from 2012 to 2014. That is a 42.7% increase for...
by kramoltz@hotmail.com | Jun 20, 2016 | Home Buying, Real Estate Facts & Figures
The metro Phoenix-Mesa-Scottsdale area is one of the metro areas where new-home construction is lagging. According to the National Association of REALTORS®, this may lead to a shortage of new housing stock. NAR measured the ratio of new-home construction to the number...
