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NEWS: Vacant Homes Fetch Less Money and Take Longer to Sell

Mike Sorohan  May 21, 2019 The financial crisis taught mortgage lenders, servicers and policymakers that vacant homes pose major problems-from maintenance, blight, lower neighborhood property values and crime. Now, with the crisis largely behind, a different kind of issue faces vacant properties, said Redfin, Seattle. A recent Redfin analysis found nationwide, vacant homes sell for…

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NEWS: MBA: April New Home Purchase Applications Up 3% from March, 16% from Year Ago

MBA NewsLink Staff May 16, 2019 The Mortgage Bankers Association Builder Applications Survey reported mortgage applications for new home purchases increased by 15.6 percent in April from a year ago and by 3 percent from March. The changes do not include any adjustment for typical seasonal patterns. By product type, conventional loans composed 70.7 percent of…

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NEWS: Key Housing Markets Still Seeing Bidding Wars

MBA NewsLink Staff May 10, 2018 Redfin, Seattle, despite a noticeable nationwide decline in bidding wars for homes in April, pockets of the country, particularly on the West Coast, remain hot this spring. Redfin reported just 15 percent of offers written by Redfin agents on behalf of their home-buying customers in April faced a bidding war,…

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NEWS: 22% of Millennials Still Live with Parents

MBA NewsLink Staff May 10, 2018 More people age 23-37 are living with their parents than at any time this century, said Zillow Inc., Seattle. Nearly 22% of American millennials–more than 14 million in total–live with a parent or both parents, the highest share for this age group since at least 2000. Zillow said the share…

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New York State Union of Teachers 2019

May 9, 2019 Mid-Island Mortgage’s Shawn Dwyer, VP, Sales, Union Business Development, was proud to attend the 2019 New York State Union of Teachers (NYSUT) Representative Assembly in Albany, NY, and offer the UnionDirect mortgage discount program. Mid-Island Mortgage is NYSUT’s solely endorsed mortgage lender.

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