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Archive for April, 2017

Will Trump End Reverse Mortgages?

Will Trump End Reverse Mortgages?

Reverse mortgages are in trouble. In fact, it’s fair to say that reverse mortgages may well be gone under the Trump Administration. β€œFor most older people, the use of home equity in retirement is not a question of if, but when and how,” said Jay Greenberg, CEO of NCOA Services, a subsidiary of the National […]

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Home Loan Size Hits New Record, Powered By Low Mortgage Rates

Home Loan Size Hits New Record, Powered By Low Mortgage Rates

Real estate lending is now in record territory, in large measure because of lagging mortgage rates. According to the Mortgage Bankers Association the average purchase mortgage is now $318,200, the highest level on record since the Association began tracking such data in 1990. The MBA data is important because it demonstrates the widespread willingness of […]

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Why Hasn’t The Internet Killed Off Real Estate Brokers?

Why Hasn’t The Internet Killed Off Real Estate Brokers?

The internet was supposed to be the great leveler, disrupting businesses, overturning professions, and driving prices to zero. In the Internet era real estate brokers would go the way of dial telephones while self-sellers — owners of so-called “for-sale-by-owner” properties or FSBOs — were going to rule the market with all of information, forms, and […]

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