THE POSITIVE POTENTIAL OF TAX REFORM

The new tax reform bill that passed just before the New Year will likely have an impact on many taxpayers and industries.

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Whether that impact will be positive or negative is still debatable. It will also vary person to person and situation to situation. IMPACTFUL REFORM Here are a few ways it may impact the mortgage and housing industries – and how we can use this reform to benefit our clients. State and local mortgage deductions are […]

HOME SALES HIT A RECORD-BREAKING PACE

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October was a great time to be in the housing industry! New home sales were up by 6.2 percent between September and October – the fastest pace we’ve experienced in a decade, according to the Commerce Department. There were 685,000 new homes sold in October (seasonally adjusted rate), representing the best sales month we’ve seen […]

Study: Mortgage Process Speeding Up

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A study by Lending Tree drives home the value of good, swift customer service – and that’s the fact that the mortgage application process is now faster than ever. We can thank technology and the speed of communication for that. The recent study examined 5,000 loans closed between March 2016 and May 2017. From first […]

Study: Housing Wealth Increases for Older Americans

Home equity is rising for senior citizens

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A report by the National Reverse Mortgage Lenders Association (NRMLA) announced that homeowners ages 62 or older saw their home equity increase by a combined 2.4 percent, or $6.42 trillion, in the second quarter of 2017. This is up from $6.27 trillion in the first quarter of the year. The report also notes housing wealth for retirement-aged homeowners was driven by an estimated 2.1 percent (or $162 billion) improvement in senior […]