Mid America Mortgage names Michael Cooksey executive managing director of production

23-08-2019

Michael Cooksey, an industry veteran and longtime branch manager for Mid America Mortgage, has been promoted to executive managing director of production, the company announced this week. A 2017 HW Insider, Cooksey founded and will continue to manage the company’s most successful branch – The Cooksey Team.Read more: https://www.housingwire.com/articles/49928-mid-america-mortgage-names-michael-cooksey-executive-managing-director-of-production

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Bronx property is first purchase in unique partnership designed to boost affordable…

23-08-2019

As part of an effort to increase the supply of affordable housing in New York City, the New York City Department of Housing Preservation and Development, Commissioner Louise Carroll, Settlement Housing Fund, the Community Preservation Corporation, and the New York City Acquisition Fund recently announced the first acquisition of a property...

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Apartment construction is slowing down, even as occupancy reaches an all-time high

23-08-2019

Although multifamily occupancy rates keep climbing, with apartment occupancy rates in July reaching the highest level since 2000, multifamily construction is slowing. Many major markets have seen a slow down in multifamily construction growth – slowing to the lowest level it’s been in almost four years, according to a new...

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This amenity could boost your home value by 54%

23-08-2019

It’s summertime and the living is easy, especially if you own a swimming pool in your backyard. According to a recent LendingTree study, America’s pool owning homeowners are enjoying a 54% premium thanks to their backyard oases. While pools can be found in housing markets across the country, LendingTree discovered...

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Smart home upgrades that raise home value

23-08-2019

Are you smarter than a smart home? Maybe "dumb as a doorknob" is about to be a joke of the past. From doorbells, locks and blinds, the home just got smarter. Read more: https://www.housingwire.com/articles/49925-smart-home-upgrades-that-raise-home-value

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Here's how the 10-year Treasury note is impacting mortgage rates

23-08-2019

Douglas Duncan, Fannie Mae chief economist, and Skylar Olsen, Zillow director of economic research, join "The Exchange" to discuss the impact mortgage rates are seeing from the U.S.-China trade war.Read more: https://www.cnbc.com/video/2019/08/23/heres-how-the-10-year-treasury-note-is-impacting-mortgage-rates.html

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Here's how swimming pools can impact the cost of rent

23-08-2019

When looking for a new apartment, expect to pay more if the complex has a pool. And as you might expect, the pool premium rises even more in markets where it's hot. In some cooler markets, having a pool actually lowers the rent.Read more: https://www.housingwire.com/articles/49919-heres-how-swimming-pools-can-impact-the-cost-of-rent

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Appraisals may soon not be required on certain home sales of $400,000…

23-08-2019

Certain home sales of $400,000 and under may soon not need an appraisal, as federal regulators are close to approving a proposal to increase the threshold at which residential home sales require an appraisal for the first time since 1994.Read more: https://www.housingwire.com/articles/49924-appraisals-may-soon-not-be-required-on-certain-home-sales-of-400000-and-under

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Why aren't more Millennials buying homes? A bunch don't understand mortgages

23-08-2019

While the number of Millennial homeowners is rapidly increasing, a recent survey from LendEdu showed that 42% have yet to buy a house. That doesn't mean they don't want to. The survey delved into the many reasons Millennials have for not owning a home, from finances to simply not knowing how...

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New home sales miss expectations in July, June sales revised higher

23-08-2019

CNBC's Diana Olick reports on new home sales data, which shows new homebuyers reacting to low mortgage rates.Read more: https://www.cnbc.com/video/2019/08/23/new-home-sales-miss-expectations-in-july-june-sales-revised-higher.html

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Here's why you might want to rethink getting an adjustable rate mortgage

23-08-2019

With recessionary fears causing longer-term interest rates to hover near or below short-term rates, the advantage that typically comes with adjustable-rate mortgages has shrunk — or entirely disappeared — at some lenders.Read more: https://www.cnbc.com/2019/08/23/why-you-might-want-to-rethink-getting-an-adjustable-rate-mortgage.html

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1 in 4 homeowners in at-risk areas made no preparations for hurricane…

23-08-2019

Hurricane season is in its peak, yet one in four homeowners still say they have made no preparations. In fact, the majority of homeowners largely underestimate the cost of hurricane-related damage.Read more: https://www.housingwire.com/articles/49922-in-4-homeowners-in-at-risk-areas-made-no-preparations-for-hurricane-season

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New home sales fell in July, but there's a silver lining in…

23-08-2019

Sales of new homes fell in July, according to the Census Bureau and HUD. While July’s rate was 12.8% below June, it's important to note that June's figures were upwardly revised to a rate of 728,000 and remains 4.3% higher than a year earlier when it was 609,000. The correction of June's figures...

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Want to get cash out of your home? Here's what to look…

22-08-2019

Is taking out a home equity loan a good idea or should you refinance your house? Top advisor Ric Edelman lays out the pros and cons.Read more: https://www.cnbc.com/2019/08/22/want-to-get-cash-out-of-your-home-heres-what-to-look-out-for.html

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Buy the housing boom, says investing pro

22-08-2019

Todd Gordon of TradingAnalysis .com and Quint Tatro of Joule Financial discuss housing stocks with CNBC's Mike Santoli.Read more: https://www.cnbc.com/video/2019/08/22/buy-the-housing-boom-says-investing-pro.html

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Here are the top destinations for movers in the U.S.

22-08-2019

While most people who move tend to stay relatively close to where they were before, that doesn't mean that others aren't willing to pack up and move to a whole new city or state. New data from Realtor.com shows that the typical homebuyer may only move up to 15 miles away from...

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Vantagescore Solutions could be your alternative to FICO scores

22-08-2019

A shake-up is taking place in the mortgage lending industry. Barrett Burns, Vantagescore Solutions CEO, joins "The Exchange" to discuss if the reign of the FICO score has ended.Read more: https://www.cnbc.com/video/2019/08/22/vantagescore-solutions-could-be-your-alternative-to-fico-scores.html

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