Building Materials See Price Declines for 2nd Consecutive Month
Prices for Building materials have been decreasing the past few months, according to recent data analyzed by the NAHB’s Eye on Housing. In fact, they say prices for softwood lumber fell 1.7% in October following 5.5% in August and 3.1% in September. However they do point Read More
New Home Sales Up 7.5% in October
The U.S. Government is reporting that sales of new single-family houses in October, 2022 were at a seasonally adjusted annual rate of 632k, which is 7.5% higher than September’s revised rate and is 5.8% lower than one year ago. The median sales price of new houses sold in OctobeRead More
What to do with those Thanksgiving Leftovers
As always, we hope you & yours had a wonderful and happy Thanksgiving this year. And, if you’re like many Americans you may have not only eaten more than your fair share, but you might also have oodles of leftovers that will be calling your name in the days and weeks tRead More
HUD Increases Flood Insurance Options for FHA Mortgages
The U.S. Department of Housing and Urban Development (HUD), through the Federal Housing Administration (FHA) recently announced that effective December 21, 2022, it will allow homeowners with FHA-insured mortgage financing to obtain flood insurance policies that conform to FHA reRead More
Statistics Show Tenant Criminal History Affects Ability to Pay Rent
On a recent episode of the Rent Perfect podcast David Pickron says there is a direct correlation between a tenant applicant’s criminal history and their credit scores, which ultimately affects their ability to pay rent. Indeed… “If government takes away your abRead More
Mortgage Originations Experience Biggest Annual Drop in 21 years
ATTOM Data says mortgage originations are experiencing their biggest annual drop in 21 years. The data comes from their third-quarter 2022 U.S. Residential Property Mortgage Origination Report, which shows that 1.97 million mortgages secured by residential property (1 to 4 unitsRead More