Learn With Lynn
What You Really Want to Know

Information we thought was worth sharing with you:  Market Trends, Buying or Selling a Home, What is Going on in the Nation and in Your Backyard.

10 Cities Primed for Foreclosures
New rankings list the 10 worst U.S. cities to live in. Considering the factors the list takes into account, they’re likely the worst places to invest in, too.

 


Credit Score Facelift
As the years go by, technology progresses. New computers and cellphones, more efficient ways of handling paperwork—but what about credit reporting? See what an industry source and concerned senator have to say about it.

 

The Hurdles of Housing Inventory
Housing inventory is historically low, and it’s driving up home prices—and demand—across the country. But what’s causing the shortage and how can the market overcome it? New data has some answers.



Rates Go Down, but Things Are Looking Up
Fannie Mae and Freddie Mac backed mortgages are hitting a 15-year high, according to a recent report. However, this is one of the few rates that increased—and that’s a good thing.




Sliding Into an Economic Slowdown
According to the Fannie Mae’s July 2017 Economic and Housing Outlook report, economic growth is expected to slow down in the second half of the year.



Celebrating the Female Leaders in Housing and Mortgage
This September, DS News’ sister publication, MReport, will honor housing’s top females in its Women of Impact list, which will be featured in a special Women in Housing issue. Read on to find out how to nominate a top female in your company.




Winning Their Game—Entice Millennials into the Market
Millennial homebuyers are the source of a significant debate concerning the future of homeownership. Do they want to get a foothold in the marketplace? If so, how can the industry usher and encourage this next generation to take the plunge?

 


Risk of Default Jumps in Q1, Q2.
Overall default risk is up, according to an index released on Tuesday. Up 25 points over fall 2016’s numbers, risk of default is rising to higher mortgage rates and tightening monetary conditions. The risk will likely continue its upward climb too, especially if the Federal Reserve raises rates again—as expected—later on in the year.



How Much Are We Spending on New Construction?
May brought changes to the standard trend in construction
spending. How long might this new trend continue? See how it varied, and how it fared compared to a month ago, and this time last year.


Are the Days of the Seller’s Market Numbered?
If a recent analysis is accurate, seller’s days may be numbered. Markets in once-hot major cities have all showed signs of slowing down in recent months, but does it spell a nationwide trend?




 

Tear-Down Starts Boast Year-Over-Year Increase A recent estimate of single-family tear-down starts in 2016 calculated that the number has increased from 2015’s average. A tear-down start is defined by a home that was built on land that was once previously the sight of another structure. And while these figures are only estimates, the report finds that the increase in tear-down starts in indicative of the continued recovery of the single-family housing market.
 

Racing Against the Home Buying Clock.
An ongoing trend in the housing market shows homebuyers are having to get a move on, but in what ways can buyers make smart decisions with the extreme time crunch?



 

Most Buyers Unfazed by Rate Hikes as Inventory Continues Dropping. May was a hot month for increasing home prices, and the report suggests the summer selling season will be no different. How will increasing home prices and dwindling inventory affect those searching for a home?



How Do Mortgages Work? What You Need to Know About the Home Loan Process
Mortgages might be one of the most essential and common parts of the home-buying experience, but they're also one of the most misunderstood. Whether you're on the search for your first home or just need some clarification, here's how mortgages work—and what you need to know.


 

 Subprime Mortgages Moving From Rearview  
Just as we’re looking at peeling back regulations like Dodd-Frank with last weeks CHOICE Act vote, a recent op-ed asked the provoking question “Does anyone remember how to make a subprime mortgage?” Of course, those in the mortgage industry remember well. Though they have dwindled in recent years, due to many blaming the 2008 crash in part on the mortgages, thoughts of honing in on an untapped market are gaining popularity again.

New Buyers Unafraid to Jump into the Housing Market
With the increasing popularity of mortgage insurance, a 20 percent downpayment may not be status quo anymore for those looking to become homeowners. First-time homebuyers account for nearly half of total homes purchased in the first quarter of 2017, a number that is expected to rise. They are also exploring other options to obtain homes.


Reverse Mortgage Complaints Common for Older Americans
Personally, would Never advise family, friends or Clients to get a reverse mortgage unless they have no family. I would rather them get a home equity due the huge fees and cost associated with a Reverse mortgage. I have sadly handled the foreclosures after the home goes back to the bank because the family cannot afford to buy it back at full price with all the fees.

 

Home Prices Hit New Peak
According to new data, home prices have hit a new peak, now reaching $272,000. Eight states and 15 metros also hit new price peaks this year. Washington has seen the biggest jump in prices over the year.


 


High Down Payments Alter Young Homebuyer Priorities
Many young homebuyers are more focused on personal achievements, such as dream jobs and travelling, than “traditional,” long term life milestones, such as marriage and parenthood. Shifting priorities along with high down payments and the amount of time required to save for these payments are among the reasons why millennials aren't settling quite yet. 


Homes are Shrinking Again
New single family homes have been shrinking, according to the National Association of Homebuilders (NAHB). According to the NAHB data, home sizes reached a plateau in 2015 and 2016 after experiencing a steady rise post-recession, but have started to drop off since. The post-recession increase in single-family home size is consistent with the historical pattern coming out of recessions.

 

23 Money Mistakes To Avoid In Your Twenties
Looking at the ten money mistakes you’re most likely to make in your twenties can help you pinpoint where you’re going wrong and what you can do about that. It will help you set up good habits that will give you a healthy relationship with money beyond your twenties! So, here are the ten way you could be going wrong money wise.

 

7 Trends That'll Be "in" for 2017 — and 3 That'll Be "Out"

"We spoke with top designers so you can stay up to date."


 


Homes are selling 8 days faster this spring, says realtor.com

Prices are booming, but that isn't stopping inventory from flying on and off the market.




Five Tips for Your Home Renovations
If you are going to remodel your home please read this article. The process can be daunting, so make sure you do all your due diligence.



 

How To Save For A Real Estate Down Payment: 20 Financial Experts Share Their Tips
Here are some great tips from financial experts that can help you save! Saving for your down payment is not always easy




Challenges Easing for Millenials and First-Time Buyers
The down payment has tradtionally been cited as the most common obstacle to homeownership.  But apparently, it may not be as big an obstacle as originally thought.





Cool New Tile Ideas for Your Kitchen, Bathroom, and Beyond
If your bathroom or kitchen is plastered in plain old tiles that don’t rock your world, why not shake things up with an update? Look no further than these mind-blowing new tile ideas you can pull off in your own home. Wherever you put them, that area is bound to become the crown jewel of your house.



FB link pic.JPG Please go "like us" on Facebook

Updated 8/8/2017

Website Design by Colony One