Homeowners

A resource destination for potential homebuyers seeking to educate themselves on the mortgage process so they can make more informed buying decisions.

ARTICLES

  • Redfin expands home selling options in Seattle, will clean and stage home, too

    For an additional fee, of course
    Last year, Redfin rolled out a new service called "Redfin Concierge," where the online brokerage will "deep clean" and stage a home on a homeowner’s behalf to aid in the sale of the property, all for a 2% listing fee. The program originally launched in Los Angeles and Washington, D.C., before expanding into San Francisco in February of this year. And now, Redfin is bringing the enhanced listing program to its own backyard of Seattle.
    Read More
  • Buying a home earlier in life can seriously boost your financial picture in retirement

    Urban Institute highlights financial impact of delayed homeownership
    Burdened by student debt and less inclined to marry young, Millennials are putting off homeownership, waiting longer to buy a home than generations past. But a recent study by the Urban Institute reveals the financial impact of delaying homeownership, revealing that those who purchased in their younger years carry more wealth into retirement and suggesting that young adults "take into account the long-term consequences of renting when homeownership is an option."
    Read More
  • First American: Mortgage rates overshadowing healthy economy

    Market potential for existing-home sales decrease 0.4% year-over-year
    In October, potential existing-home sales rose from the previous month, but fell below 2017 levels, according to First American’s Potential Home Sales Model. First American Chief Economist Mark Fleming said despite the boost in demand and positive economic environment, the market potential for home sales has outpaced actual existing-home sales for five straight years.
    Read More
  • Redfin: Homes keep getting cheaper

    In October, the number of homes dropping in sale price reached an 8-year high
    In October, home-sale prices climbed 4.5%, however the percentage of listings that experienced a price drop of more than 1% reached an 8-year high, according to new data from Redfin. Redfin Chief Economist Daryl Fairweather said home sellers are realizing buyer demand isn’t what it used to be and are lowering their prices.
    Read More
  • Airbnb takes Boston to court over city’s “draconian” short-term rental rules

    Argues city’s laws violate Constitution, federal and state laws
    The city of Boston has new rules surrounding short-term rentals that are set to go into effect on Jan. 1, 2019. According to Airbnb, Boston’s short-term rental rules violate the Constitution, multiple federal laws, and Massachusetts state law. Airbnb also claims the city's rules threaten short-term rental sites with “draconian” punishments should they violate the city’s rules.
    Read More
  • Fannie Mae expands post-disaster relief services

    GSE offers homeowners personalized support
    Natural disasters have been extremely tumultuous for many homeowners across the country, navigating a year full of hurricanes, fires and tornadoes. In response to these threats, Fannie Mae has now teamed up with Clearpoint Credit Counseling Solutions to expand its current relief options for homeowners.
    Read More
  • Figure Technologies debuts sale lease-back product

    Billed as a reverse mortgage alternative, the Figure Home Advantage targets the Boomer market
    Figure Technologies, led by former SoFi Founder and CEO Mike Cagney, just launched a sale lease-back product to give homeowners another way to access their home equity. The company said the Figure Home Advantage, which it calls an alternative to reverse mortgages, is ideal for those looking to bolster finances in retirement.
    Read More
  • HUD says Homebridge is the industry's top renovation mortgage lender, again

    Mortgage lender holds title for second consecutive year
    Amid inventory and affordability concerns, homeowners are increasingly turning to home renovations to meet their housing needs. While several lenders offer renovation mortgages, the U.S. Department of Housing and Urban Development has revealed that Homebridge Financial Services leads the pack for the second consecutive year.
    Read More
  • Redfin partners with Notarize to enable completely online mortgage experience

    With eClosings, Redfin takes the final step toward digital mortgages
    Redfin has taken the final step toward providing its clients with a fully digital home buying experience. The listings giant’s mortgage arm has announced a partnership with Notarize in a deal that offers Redfin Mortgage clients the ability to close on a home quickly, easily – and completely online.
    Read More