Category: Economy
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Will More Young Adults Start Buying Homes Next Year?
In recent times, not many young renters have made the big move to becoming homeowners. According to the U.S. Census Bureau’s American Community Survey (ACS), despite an increase in the young adult population, the number of home owners between the ages of 25 and 34 has declined steadily between 2007 and 2012, with a yearly…
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Can You Afford to Buy a Home in California?
The California Association of Realtors® (CAR) released its 3rd Quarter Housing Affordability Report last week and the numbers show that there has been an increase in the interest rates and a dip in the number of people who can afford to buy homes. This housing affordability index is one of the most reliable sources on…
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Market Your Products and Services Nationwide with NAWRB
Advertise your products and services in NAWRB Magazine to appeal to a nationwide client base. Beginning next issue, we will highlight a variety of states in each magazine. We’ll divulge the best cities to invest your money in our chosen states. From the sunny shores of California to the Rocky Mountains of Colorado, our next issue…
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Change in ‘Loan Prospector’ Affecting Lenders and Borrowers
Beginning June 1, Freddie Mac will no longer charge for its automated underwriting service–Loan Prospector–which will affect lenders and borrowers.
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Auction.com Taps into International Market with New Partnership
Auction.com, a leading online real estate marketplace, announced a new partnership today with Juwai.com, a number one Chinese international property portal. The partnership will allow Chinese investors to access online real estate auctions in the United States.
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How Businesses Can Incorporate the Sharing Economy for Higher Success
The sharing economy is picking up speed. It is defined as a peer-to-exchange of goods and services, in which citizens rent or share resources. Companies involved in the sharing economy include Airbnb—where a host rents out part of his or her home to someone looking for a temporary place to stay. Companies like this are…
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Why Professional Women are Needed to Rebuild the Economy
More women are needed in the workforce to strengthen the economy. Seventy percent of consumers are female and to help sell to this demographic, women need to be employed to have a say in the wants and needs of the female customer. It can be difficult for professional women to thrive in the workforce due…
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Serious Delinquency Rates on Single-Family Loans at an All-Time Low
The serious delinquency rate on single-family loans has fallen to its lowest level in six and a half years. Serious delinquency is when a single-family mortgage is 90 or more days past due and the bank considers the mortgage to be in danger of default. When a mortgage is in default, a lender usually initiates…
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Coming To A City Near You: Micro-Apartments
With the scarcity of affordable housing in metropolitan areas, are micro-apartments the future of housing? The tiny home movement and creation of micro-apartments has taken international cities by storm. The rise in micro-living can be attributed to a lack of available land for housing, surges in population, and booming economies in urban areas. Cities such…
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Decrease in Foreclosure Activity in the U.S.
Foreclosure activity seems to be dwindling down. Analytics are showing that they are at the lowest they’ve been in quite some time. While not all spots in the U.S. are seeing the decrease, the overall consensus is that the economy is doing better and those employed in the housing economy can benefit.