Archive for June 2019

NEWS: Tax Cuts and Jobs Act will likely spur demand for entry-level homes, researchers say

Jessica Guerin June 10, 2019 Most Americans have seen their disposable income spike thanks to 2017’s Tax Cuts and Jobs Act, and this could provide a sizable boost to homeownership, researchers say. Last year, the savings amounted to renters paying $2,716 less in taxes, and homeowners paying $1,508 less, according to researchers at John Burns Real Estate…

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NEWS: Lack of Mortgage Savvy May be Stifling Homeownership

Jann Swanson June 6, 2019 Fannie Mae’s monthly National Housing Survey consistently shows that the vast majority of Americans would prefer to own rather than rent a home but are uncertain or mistaken about what qualifications are necessary to get a mortgage.  Now the company has reprised a 2015 survey exploring that knowledge gap and found, after…

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NEWS: Lower Rates Spur Millennial Mortgage Activity

MBA NewsLink Staff June 7, 2019 Ellie Mae, Pleasanton, Calif., said across-the-board declines in mortgage interest rates and more favorable housing market conditions sparked an increase in Millennial mortgage activity in April. The company’s monthly Millennial Tracker said lower interest rates spurred an increase in refinance loans from Millennials looking to take advantage of lower rates.…

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