Eight Best Marketing Practices to Fund New Loans Faster

Join our expert panelists to learn which best marketing practices will help you get to your customer quickly with your best offer – and win their business for another loan term.

engage.marketing event: All eyes on purchase

To help power your business forward, we’re bringing together the smartest minds in purchase mortgage marketing to share the insights, tactics and strategies that set leaders apart.

Behind the executive exodus at Fannie Mae

What's behind the wave of executive departures at Fannie Mae? It's not just money, according to former employees of the GSE.

2021 Agent Rankings now live

Today RealTrends + Tom Ferry announce the 16th annual The Thousand of America's top 1,000 real estate sales and professionals and teams.

Real Estate

Adios coast: Nearly all the top markets are inland

Homebuyers will continue to move away from the coast

Migration away from expensive coastal cities is set to continue in 2020. Strong economies, more jobs and available inventory are expected to drive more people to inland cities in 2020, realtor.com says.

More specifically, there are 10 markets that realtor.com predicts will be the top housing markets for 2020, and nearly all of them are inland.

This year’s trend list proved that homebuyers relocated from expensive coastal cities to more affordable inland areas.

According to this year’s report, nine out of 10 cities on the list are located away from the coast, whereas last year there were four coastal cities on the list. Throughout this year, homeowners fled coastal cities for multiple reasons.

The cities that made the list retain sufficient inventory, more specifically at an entry-level price point. What attracts buyers – young ones especially – is affordable homes.

The median asking price for the top 10 cities combined was $292,000. Beyond that, seven cities on the list were priced below the U.S. median of $312,000.

Realtor.com said that the price gains in these markets outpaced the similar-sized markets, which saw a 4.3% year over year increase. The median closing price in the top 10 combined sits at $213,000, with seven of the 10 markets also below the U.S. median of $259,000.

Active listings in the following cities decreased 11% year over year.

Add all that up and you have 10 markets that look to be very desirable over the next 12 months.

Here are the top 10 markets to move to in 2020:

  1. Boise, Idaho
  2. McAllen-Edinburg-Mission, Texas
  3. Tucson, Arizona
  4. Chattanooga, Tennessee
  5. Columbia, South Carolina
  6. Rochester, New York
  7. Colorado Springs, Colorado
  8. Winston-Salem, North Carolina
  9. Charleston-North Charleston, South Carolina
  10. Memphis, Tennessee

Boise notably leaped from the No. 8 spot last year to No. 1 this year.

Most Popular Articles

Mortgage forbearance drops as expiration date nears

Mortgages in forbearance fell for the 15th consecutive week last week to 4.04% of servicers’ portfolio volume ― a 12 basis point decline, according to a survey from the Mortgage Bankers Association.

Jun 14, 2021 By

Latest Articles

Why female leadership is crucial to the mortgage industry

Women in brokerage aren’t common, but Rocket Pro TPO aims to change that. By integrating programs that enhance inclusivity, the company encourages female leadership. HousingWire recently spoke with Keri Stichler about why female leadership is crucial in the mortgage industry and how companies can advocate for inclusivity.

Jun 15, 2021 By
3d rendering of a row of luxury townhouses along a street

Log In

Forgot Password?

Don't have an account? Please