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Lenders: Looking to simplify closings? Work with an insurance agency

Housing Wire

HousingWire recently spoke to Tom Kriby, vice president of client development and partnerships at Westwood Insurance Agency, about how working with an insurance agency can simplify the closing process for their customers, even in times of interest rate uncertainty. Take insurance, for example.

Insurance 365
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Miami seeks new debt package to finance affordable housing: Bloomberg

Housing Wire

The mayor of Miami-Dade County wants to leverage the bond market to create a fund that will finance affordable housing projects, according to a Bloomberg report published Monday. Mayor Daniella Levine Cava will propose a new property tax-backed debt package later this year that would raise $2.5 Out of the $2.5

Finance 419
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ATTOM: Home Prices Rising Faster Than Wages, Making Homeownership a ‘Pipe Dream’ for Many

Appraisal Buzz

percent of those markets. The typical $1,930 cost of mortgage payments, homeowner insurance, mortgage insurance and property taxes nationwide consumed 32.3% of the 590 counties analyzed in ATTOM’s first-quarter 2024 U.S. Home Affordability Report. However, it remained up annually in 90.3 That is down from 33.2%

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Nashville breaks into list of top migration destinations for first time since 2021: Redfin

Housing Wire

Nashville has relatively low property taxes, insurance costs and utility prices, along with no state income tax, all of which definitely help if you’re looking for a lower cost of living.” This could have a negative impact on home prices in those markets.

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Homeowners are staying in place twice as long as they did 20 years ago: Redfin

Housing Wire

housing market for multiple reasons, Redfin said. Baby boomers who continue to make a mortgage payment are also doing so at a lower interest rate when compared with more recent homebuyers, making the prospect of buying another home less attractive than it would be if they entered the market again in the current rate environment.

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Top markets for affordable renovated housing inventory

Housing Wire

home price increase translated into a monthly mortgage payment of $1,179 on a median-priced home — not including property taxes and insurance. Top Markets for Renovated Inventory. The post Top markets for affordable renovated housing inventory appeared first on HousingWire. The resales sold for 100.4%

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How to price homes properly in a volatile housing market

Housing Wire

High-volume home sellers are in a bit of a pickle in today’s market thanks to rapidly rising mortgage rates last year. These are market-based decisions.” Kearney’s simple strategy for surviving as a high-volume seller in an environment where demand has dried up: listen to the market and do what it says.