Articles by Alcynna Lloyd

Want to sell your home for more? Go green

More than 80% of homebuyers say energy efficient features are a must
Going green pays, especially if you’re trying to sell your home, according to a recent Zillow analysis. The study found that homes with solar energy systems sold for 4.1% more on average than their counterparts in 2018.
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MBA: American home purchase activity reaches 9-year high

However, mortgage applications continue to decline as refinances slide
Primarily driven by a decline in refinances, the Mortgage Bankers Association revealed mortgage applications fell further for the week ending April 12, 2019. MBA Vice President of Economic and Industry Forecasting Joel Kan said with mortgage rates up for the second week in a row that it's no surprise that refis slid 8% and average loan sizes dropped back closer to normal levels.
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This is how America's housing affordability is impacting credit quality

Affordability has returned to average historical levels, and it's having a ripple effect
It's official: The era of unusually affordable housing has ended. Well, according to a recent Moody's Investors Services analysis. The organization claims that America's housing affordability has returned to average historical levels, therefore impacting credit quality across numerous housing-related sectors.
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Redfin: West Coast homebuyers are winning the bidding wars

In Q1, Americans had the highest first-offer success rate in the last three years
As lackluster home sales push inventory growth in the nation’s housing markets, new data from Redfin suggests purchasing competition has begun to ease in nearly every metro across the country. This is especially so for the West Coast, which saw the biggest year-over-year increases in first-offer success rates.
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Bloomberg: This is how the West Coast is benefiting from the housing market slowdown

San Jose's inventory jumped 55% year-over year in the first quarter of 2019
This year’s spring homebuying season has shifted towards the favor of homebuyers, heating up the nation’s tightest housing markets. In fact, according to a recent article from Bloomberg, inventory in previously hot areas like California is piling up, giving potential buyers an extra edge.
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This is how public transportation is transforming California's housing market

The share of L.A. County listings mentioning transit-related keywords has doubled since 2013
It's spring home-buying season and thousands of prospective buyers have taken to California's housing market. Although many factors will influence their purchasing decisions, new data from Trulia indicates that the percentage of Los Angeles homebuyers searching for homes near public transportation is on the rise.
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Redfin: San Francisco’s IPO wealth likely to drive home price growth

With Lyft’s IPO wealth, employees could purchase every single home for sale with cash
Although home price appreciation has slowed across the country, new data from Redfin suggests San Francisco’s housing market is likely to reverse course. According to the company’s analysis, this rebound will be driven primarily by anticipated growth in the city’s IPO wealth.
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LRES names new chief technology officer

Spencer will enhance LRES’ technological capabilities
LRES, a residential and commercial mortgage services company, recently announced Scott Spencer joined the team as its new chief technology officer. LRES President Mark Johnson said Spencer's role is pivotal in rounding out the company's executive team as well as leading the deployment of its technology initiatives.
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JPMorgan Chase earnings soar, but mortgage sector falls

Mortgage revenue declines 11% due to lower net servicing
Despite a slowdown in its home lending sector, JPMorgan Chase saw a tremendous increase in its Q1 earnings from both the previous quarter and previous year. In fact, JPMorgan’s profits rocketed to $9.2 billion, rising from $8.7 billion in the first quarter of 2018.
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Simplifile appoints new vice president of national accounts

Moats previously served Simplifile as a regional sales director
Simplifile, a provider of real estate documentation and technologies for mortgage lenders, recently announced it has promoted Mark Moats to vice president of national accounts. Moats has worked with the company for nearly 13 years, most recently serving as a regional sales director.
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