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More pets than kids: The increased role of animals in real estate

Housing Wire

in 2003 to 20.4% hours in 2003 to 0.73 Bureau of Labor Statistics ’ American Time Use Survey found that the percentage of Americans who spend time with pets each day rose from 13.2% For women, that number climbs to 23.8%. The average time spent with pets also increased — from 0.62 hours in 2023. Financial investment has kept pace.

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Harvard study suggests inflation, labor shortages threaten remodeling industry

Housing Wire

They accounted for 23% of improvement expenditures, up from 14% in 2003. Immigrant homeowners also account for a growing share of the market, up from 8% of expenditures in 2003 to 13% in 2023. JCHS found that in 2023, homeowners ages 65 and older contributed 27% of total improvement outlays, up from 14% in 2003.

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CreditXpert announces launch date for new credit optimization platform

Housing Wire

The first arrived on scene in March 2003, giving mortgage professionals the power to evaluate the weight of trade-line adjustments on borrower credit scores. That said, we also know that nearly 80% of those with initial scores below 780 could improve their score by at least 20 points in that same 30-day period,” Darne said.

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Natural disasters like the LA fires will deepen the U.S. housing crisis

Housing Wire

Data from the Urban Institute shows that mortgage credit availability as of second-quarter 2024 remains far below what is judged to be reasonable lending standards from 2001 to 2003.

Lending 403
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Report suggests capital gains tax is discouraging older homeowners from downsizing

Housing Wire

in 2003 and 3% in 2019. In 2023, 8% of US sellers made more than $500,000 in profit on the sale of their homes, the property data firm CoreLogic found, Business Insider reported based on April 2024 data. That’s up from 1.3%

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John Cornish explains scaling beyond $40 million in mortgage sales volume

Housing Wire

Cornish started his career in mortgage banking at Wells Fargo in Iowa in 2003. To kick off the conversation, Cornish explores his background before entering the mortgage lending industry. Cornish: It was a great time. There’s a huge value in me getting into the mortgage industry, as it imploded around that time.

Mortgage 370
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Texas orders cut to title insurance premiums

Housing Wire

between 2003 and 2022. According to the order, TLTA advocated for no changes to title insurance premiums while OPIC recommended a reduction of 8.9% Data shows an average profit ratio for Texas title insurers of 26.6% in 2022, an increase from the annual average of 17.5%

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