Articles by Alcynna Lloyd

Sabal announces new president and COO

Pendergist held executive titles at JPMorgan Chase, Banc of California and more
Sabal Capital Partners, a financial services firm specializing in commercial real estate, lending and investing, announced Monday that it appointed Jason Pendergist as president and chief operating officer of term lending.
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Redfin: Number of sight-unseen home offers retreat

One in five recent homebuyers made an offer without stepping foot on property
As inventory increases and home price growth slows down, homebuyer competition has begun to ease, according to the latest data from Redfin. Redfin Agent Jessie Culbert said now that most homes are staying on the market for longer than a week, there just isn’t as much pressure for buyers to make offers so hastily.
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This is what the housing market could look like in 2019

Expert says declining mortgage rates bode well for buyers
In 2018, the housing market experienced its fair share of up and downs, attributed to many factors including affordability and inventory concerns. But as the year comes to an end, homebuyers will be walking into 2019 with more pep in their step. Here’s why.
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Experts: Wage growth could further rate hikes in 2019

But one expert thinks 2018 will end on a jolly note
In November, the unemployment rate held steady at 3.7% and wages rose slightly, leading some experts to predict the likelihood of continual rate hikes in 2019. Despite these concerns, one expert believes homebuyers will end the year on a jolly note.
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Unemployment rate holds ground at 3.7%

Nonfarm payrolls increase by 155,000
The unemployment rate held its ground at 3.7% in November, according to the latest Employment Situation Summary report from the U.S. Bureau of Labor Statistics. One expert said this week’s stock market volatility has markets watching November's job report closer than usual.
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Freddie Mac: Mortgage rates finally fall

Stock market woes attributed to decline
After weeks of moderation, mortgage rates have finally fallen, according to the latest Freddie Mac Primary Mortgage Market Survey. Freddie Mac Chief Economist Sam Khater said mortgage rates declined this week amid a steep sell-off in U.S. stocks
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Jobs Report: American jobs reach a plateau

Expert says job growth decelerated slightly
Although U.S. employment rates rose in nearly every sector in November, experts believe American jobs have reached a plateau, according to the ADP and Moody's Analytics National Employment Report. ADP Vice President and Co-head Ahu Yildirmaz said although the labor market performed well, job growth decelerated slightly.
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LendingTree: Americans are moving south

Florida is the No. 1 destination for relocating homebuyers
LendingTree’s latest migration analysis revealed that 12.1% of American homebuyers who relocate to different states prefer to call the south home. Notably, Florida is the No. 1 destination for homebuyers moving from 15 of the 50 states.
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