Mortgage Apps Surge

Yesterday’s BLOG focused on the spike in the numbers of buyers and sellers entering the home-buying market. This was confirmed by the recent report issued by the Mortgage Bankers Association. This week’s mortgage application survey conducted by the...

Mortgage Rates – 2020 Trends to Track

Other factors that will play a significant role in the 2020 real estate landscape will be the low interest rate market. A recent article in Housingwire identified that the average rate for a 30-year fixed mortgage was 3.7%. This compares with the 4.8% rate recorded...

Unaffordability Creates Opportunity

A number of sources are projecting that New York City real estate will remain flat for the most-part of 2020. A part of that metric reflects the number of New Yorkers leaving the state for places that are more tax-friendly (state, city and real estate taxes). But...

Loan Originations Reach $2.1 Trillion

Considering the scarcity of inventory within the housing market, compounded by low mortgage rates, the real estate industry continues to find the fuel necessary to maintain the upward market trajectory, which is expected to last through 2020. According to the Mortgage...

The Closing Process

Closing processes involve many documents, surveys, analysis and individuals, all of which can vary depending upon the property and conditions surrounding it. Before any escrow can close, all the terms of the purchase contract must be met. At which point the seller...

Mortgages Hit $9.4 Trillion

Certain financial milestones were reached in the second quarter of 2019. According to the Federal Reserve Bank of New York, mortgage balances rose by $162 billion in the second quarter, reaching $9.40 trillion. This represents a $150 billion increase over the former...