Category Archives: Mortgage

National Housing Market Experiencing More Price Cuts

Home value growth is slowing in almost half of the 35 largest U.S. metros By Jeff Sorg, OnlineEd Blog (August 16, 2018) (SEATTLE) Zillow®/PRNewswire – The share of home listings with a price cut is greater now than a year ago in two-thirds of the nation’s largest housing markets, according to a new Zillow® analysis. The share of listings […]

Housing Starts Plummet 12%

Housing Starts Collapse in June By Jeff Sorg, OnlineEd Blog (July 18, 2018) (Washington, D.C.) US Department of HUD – The U.S. Census Bureau and the U.S. Department of Housing and Urban Development jointly announced the following new residential construction statistics for June 2018. Here’s how they stack up: Building Permits Privately-owned housing units authorized by building permits […]

Finding an Affordable Home Can Feel Increasingly Out of Reach

A single homebuyer would need to save for nearly 11 years to reach a 20 percent down payment on the typical U.S. home By Jeff Sorg, OnlineEd Blog (February 17, 2018) SEATTLE /PRNewswire/ — In today’s highly competitive housing market, finding an affordable home can feel increasingly out of reach, especially for singles. A single homebuyer would […]

Housing Sentiment at New Survey High

Share of consumers say it’s a good time to sell – buyer sentiment weakens By Jeff Sorg, OnlineEd Blog (January 9, 2018) (WASHINGTON, DC) Fannie Mae – The Fannie Mae Home Purchase Sentiment Index® (HPSI) rose 3.7 points in January to 89.5, reversing the decrease seen last month and reaching a new all-time survey high. The increase can be attributed […]

HUD Announces $1.5 Billion to Puerto Rico for Hurricane Relief

Disaster recovery funds to help repair damaged housing and businesses By Jeff Sorg, OnlineEd Blog (February 2, 2018) Washington, D.C. (HUD) – The U.S. Department of Housing and Urban Development (HUD) announced that it has granted more than $1.5 billion to help Puerto Rico to recover from Hurricanes Irma and Maria. HUD’s Deputy Secretary Pamela Hughes Patenaude announced the […]

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National Association of Realtors® Announces Restructuring, Senior Management Team

NAR implements new internal organizational structure and changes to senior management to effectively and efficiently serve its members. By Jeff Sorg, OnlineEd Blog (January 19, 2018) (CHICAGO) NAR – The National Association of Realtors® has announced a new internal organizational structure and changes to its senior management team to more effectively and efficiently serve its 1.3 million […]

Categories: Mortgage, Real Estate

Refinances Rise to 40% of Total Loans

Closing rates increased across the board with closing rates on all loans increasing from 70.9 percent to 71.2 percent By Jeff Sorg, OnlineEd Blog (January 18, 2018) (PLEASANTON, Calif.) Ellie Mae – The percentage of refinances rose to 40 percent of all closed loans, up 1 percent from the month prior according to the December Origination Insight Report from Ellie […]

Nearly One Quarter of 2017 Home Sales Were Above the Asking Price

The typical price increase for homes that sold above the listed price was 3.1 percent By Jeff Sorg, OnlineEd Blog (January 12, 2018) (SEATTLE, Jan. 11, 2018 /PRNewswire/) — Buyers paid more than the asking price in nearly one quarter (24 percent) of U.S. home sales in 2017, netting sellers an additional $7,000 each. Five years ago, 17.8 percent of […]

Presenting Multiple Offers – Part 3 of 3 (video)

Presenting Multiple Offers, Part 3 of  3 parts By Jeff Sorg, OnlineEd Blog (January 11, 2018) (PORTLAND-OR) Presenting multiple offers can get complicated and have unexpected results. Watch my three-part video, Presenting Multiple Offers. ### For more information about OnlineEd and their education for real estate brokers, principal brokers, property managers, and mortgage brokers visit www.OnlineEd.com. All information contained […]