In the Know

Ellie Mae: More single, female Millennials are buying homes
Posted in Industry News

Loan software provider Ellie Mae just put out its latest “Millennial tracker” and found several similarities in homebuying across gender lines in this generation — with one big difference. “While men make up the larger percentage of overall Millennial borrowers, most of them are married,” said Joe Tyrrell, executive vice president of corporate strategy at Ellie… Read more »

Home price appreciation starting to slow down
Posted Wednesday November 22, 2017 in Industry News

Home price appreciation continues to increase at a much higher than normal pace, although the rate of growth has been slowing since the summer. Median home values increased by 6.5% in October, the 15th consecutive month the rate has been above 6%, according to Zillow. However since peaking at 7.3% in May, the rate of… Read more »

As home prices reach pre-recession levels, has market truly recovered?
Posted Thursday November 16, 2017 in Industry News

According to a report from analyzing the property market since the Great Recession, the overall housing market has returned to pricing levels last seen in 2006. The U.S. median home sale price last year was $236,000, two percent higher than 2006. But that’s not a comparison meant to spook homeowners and investors fearing a… Read more »

Fewer First-Time Homebuyers in the Market
Posted Monday October 30, 2017 in Industry News

The share of sales to first-time homebuyers fell this year to 34 percent, the lowest level since 1981, according to data released by the National Association of Realtors (NAR). Last year’s level was 35 percent, and the decline was primarily attributed to a lack of housing supply. Another problem facing potential first-time homebuyers is student… Read more »