Homeowners

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

ARTICLES

  • Homeownership investment startup Landed launches in Portland

    Company expanded its services to Hawaii earlier this year
    Public school teachers and faculty in the Portland area may be eligible to have half of the down payment on a home paid for them, thanks to the recent partnership of Landed and Multnomah County. The startup pays half of the standard down payment (up to $120,000), in exchange for a return on its investment: 25% of the appreciation gain when the property is sold.
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  • ATTOM: Foreclosure activity climbs slightly in August, but is still down 24% from last year

    Foreclosure starts increased as well
    Foreclosure activity increased slightly in August, but is still down nearly 25% from last year, according to new data from ATTOM Data Solutions. ATTOM's report shows that there were 53,007 properties with foreclosure filings in August 2019, up 4% from July 2019 but down 24% from a year ago.
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  • CoreLogic: Lack of housing inventory drives home prices up 3.6% in July

    The company projects home prices to increase by 5.4% come July 2020
    In July, home prices climbed by 3.6% from the previous year, according to CoreLogic's latest Home Price Forecast. CoreLogic's Chief Economist Frank Nothaft said if the nation's interest rates continue to fall and incomes rise further, then the company expects home-price growth will strengthen over the coming year.
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  • Experts: New housing construction shortage expected to last until 2022

    New home starts have yet to hit historical highs
    The rate at which new housing in being built in this country has not recovered since the housing crisis, and it looks like that trend may be sticking around for a while. New housing start rates are expected to remain below historical averages through 2022, or later, according to new research from Zillow.
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  • Bay Area company combats housing crunch with “backyard home” offering

    Abodu becomes San Jose’s first pre-approved accessory dwelling unit (ADU) builder
    Whether the in-laws are visiting or your once empty nest is once again occupied by a recent graduate, a company in San Jose, California, has a solution. Abodu, a “backyard builder,” is launching this month promising to build a well-designed and city-approved home in backyards within two weeks of being ordered.
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  • These housing markets may see a downturn in looming recession

    While housing market most likely won't see massive upheaval, there are few who are vulnerable
    With a possible recession on the horizon, some believe that the real estate market will neither be the cause nor will the impact be as substantial as it was last time around, but that doesn't mean that housing will go unscathed. According to Redfin, there are some metros that are more vulnerable than others to a housing downturn. 
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  • Buildertrend and Rocket Loans partner with goal of simplifying home improvement financing

    Contractors can recommend loan options for their customers through online platform
    Home improvement spending hit a new high of $424 billion in June, and is expected to reach a record high by the end of 2019, according to data from Harvard’s Joint Center for Housing Studies. Two companies have been taking notes and aim to make remodeling easier. Buildertrend and Rocket Loans are partnering with the goal of simplifying the home improvement financing process for residential contractors and homeowners, the two companies recently announced. 
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  • Fannie Mae, Freddie Mac offering financial assistance to those in Hurricane Dorian's path

    The Category 4 hurricane is expected to hit Florida this weekend
    Hurricane Dorian is forecasted to slam the Florida coast this weekend as a Category 4 hurricane. As Florida prepares for Hurricane Dorian's wrath, Freddie Mac, Fannie Mae and Department of Housing and Urban Development are offering relief services for those affected.
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  • Millennials would pay 4 times more than Boomers for ability to choose neighbors

    Those surveyed were willing to pay almost $2500 per year
    The options are endless when purchasing or renting a home. Homebuyers and renters alike have their pick of locations, floor plans and price ranges, but one thing is totally out of their control: Who they live next to. As it turns out, some would be willing to shell out some real cash to handpick the people they live around. 
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  • Homeowner "tappable equity" reaches an all-time high of $6.3 trillion

    Americans are sitting on a boatload of cash
    Tappable equity reached an all-time high of $6.3 trillion in the second quarter as home-price gains made real estate more valuable. The amount of equity homeowners could borrow against before hitting the 80% loan-to-value limit imposed by most lenders rose by $335 billion during the three-month period, according to Black Knight. The new record high is 26% above the 2006 peak in the midst of the housing bubble.
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