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Tag: real estate

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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Flailing Money Markets Power Today’s Real Estate Prices

Flailing Money Markets Power Today’s Real Estate Prices

If you’ve looked at mortgage rates recently you might have noticed something interesting, money markets worldwide are making real estate financing costs lower than they were at the end of 2016. Not very much lower, but lower. As far as anybody knows the Federal Reserve is still poised to raise bank rates higher at several […]

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Will Trump Economy Derail Soaring Real Estate Prices?

Will Trump Economy Derail Soaring Real Estate Prices?

Real estate prices are on the rise and the result is that America’s homeowners are getting richer. You can see rising real estate wealth in several ways but will such good news continue in a Trump Economy? First, according to the National Association of Realtors, existing home prices in September reached $221,900, up 6.1 percent […]

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Real Estate: Can America Afford To Lose 11 Million Immigrants?

Real Estate: Can America Afford To Lose 11 Million Immigrants?

At the center of this year’s presidential debate is the question of how to treat our most-recent immigrants, especially those who have not gone through the formal application process. Are they “undocumented” immigrants or “illegal” immigrants? Are we willing to give up more than three million home sales to find out? While the question of […]

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Mortgage Rates: The Obtainium Economy

Mortgage Rates: The Obtainium Economy

Mortgage rates and obtainium have a lot in common, something great for borrowers who prefer smaller monthly payments. Let me explain. There was a special trash pick-up on Saturday morning in our part of Pensacola. You could put big stuff in front of your house and a huge city truck would come by and scoop […]

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Real Estate: Is A Bubble Coming?

Real Estate: Is A Bubble Coming?

Are we facing a housing bubble? After all, as of June existing home prices have risen for 52 straight months according to the National Association of Realtors. You have to wonder how long such a streak can continue. According to Realtor.com, “some folks these days are beginning to wonder whether the U.S. is seeing another […]

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Real Estate: Why The Common-Sense Mortgage Is Back

Real Estate: Why The Common-Sense Mortgage Is Back

When are you going to re-do the mortgage book? It’s a question I get with some frequency because the “mortgage book” was published by Harper & Row in a series of editions that spanned more than a decade. It popularized a revolutionary idea, the thought that mortgage borrowers could save enormous amounts of money if […]

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Real Estate: Is The Housing Boom Here?

Real Estate: Is The Housing Boom Here?

The housing boom should be here, it really should. All the historic notions associated with a prosperous and solid real estate marketplace seem to be in place. If you think about real estate you know that to have a booming market we need low interest rates. Well, we have that. Rates have been below 4 […]

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Trump, Sanders on Recession & Real Estate

Trump, Sanders on Recession & Real Estate

  Donald Trump says America is on the verge of a “massive recession,” a view which is not just widely shared, it’s a reality for tens of millions of people. While it may seem strange to the economists who have largely lined up against the Trump perspective, the idea that the American economy is not […]

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