Category Archives: Nevada Real Estate

Stats Say The Best Time to List is in Early May

On average homes listed in early May sell nine days faster and for one percent more  OnlineEd Blog (March 2, 2017) – Zillow– Listing a home toward the end of spring significantly increases a seller’s chances of selling their home faster and for more money, according to new analysis from Zillow. Nationally, homes listed from May 1 […]

Nevada Mortgage Servicers Now Need Surety Bond

Mortgage servicers in Nevada now need to comply with stricter rules in order to operate legally in the state * This is a guest post by Vic Lance, Lance Surety Bonds Associates.   Vic Lance is a surety bond expert who helps mortgage brokers get licensed and bonded.* (February 24, 2016) -As of January 1, 2016, mortgage servicers […]

CFPB Director Addresses National Association of Realtors®

Prepared Remarks of Richard Cordray Director, Consumer Financial Protection Bureau  National Association of Realtors WASHINGTON (September 17, 2015) – Thank you for inviting me today.  That renowned philosopher from the Garden State of New Jersey, Bruce Springsteen, once said, “I have spent my life judging the distance between American reality and the American dream.”  For the past few […]

Cash Sales Drop to Lowest Point Since Crash

Cash sales drop to 34% of all home sales in April 2015 By Jeff Sorg, OnlineEd Blog, July 29, 2015 Irvine, CA. – Cash sales made up 33.7 percent of total home sales in April 2015, which is down from 37.4 percent in April 2014, according to the Core Logic July 2015 Market Pulse publication. Cash sales have […]

HUD and Census Bureau Report New Residential Sales in June

Home supply at just 5.8% months By Jeff Sorg, OnlineEd Blog, July 28, 2015 WASHINGTON, D.C. – Sales of new single-family houses in June 2015 were at a seasonally adjusted annual rate of 482,000 uints, according to estimates released jointly today by the U.S. Department of Housing and Urban Development (HUD) and the Census Bureau. This […]

Housing Prices Reach Near Pre-Crash Levels

The U.S. index is only 1.8 percent below its March 2007 peak By Jeff Sorg, OnlineEd Blog, July 27, 2015 Washington, D.C. – U.S. house prices rose in May, up 0.4 percent on a seasonally adjusted basis from the previous month, according to the Federal Housing Finance Agency’s monthly House Price Index (HPI). The previously reported […]

Millennials Willing to Sacrifice Starbucks Visits To Finance Home Purchase

Millennials are ready to give up some conveniences in order to finance a home purchase (Washington DC, July 14, 2015) — A majority of millennials (ages 24-34) are willing to sacrifice modern day conveniences like cell phones, internet, cable and Starbucks in order to save for a down payment on a home. A new survey from […]

Equifax Reports First Quarter Mortgage Origination Balance Hits $466 Billion

Equifax report –  First quarter mortgage originations soar! (Jeff Sorg, OnlineEd) – According to the Equifax National Consumer Credit Trends Report, total mortgage origination balances hit $466 billion in the first quarter, a 74.4% increase from the same time a year ago. These are  a few key takeaways from the report: First mortgages led the growth, […]

CFPB Publishes Consumer Complaint Narratives About Financial Companies

The Consumer Financial Protection Bureau (CFPB) has published its enhanced public-facing consumer complaint database  (Jeff Sorg, OnlineEd) – In June 2012, the CFPB launched its Consumer Complaint Database, which is the nation’s largest public collection of consumer financial complaints. In March 2015, the Bureau finalized a policy to empower consumers to publicly share their stories when they submit […]