Forbes and other reputable publications have predicted a continued rise in interest rates over 2019. The initial shock of the Fed's action caused a slowdown in real estate markets over the final part of 2018. As the shock wears off, experts are divided as to whether more expensive money will continue to translate into lower housing starts and occupancy rates for primary markets. Many experts believe that the rising 2018 interest rates have not yet baked themselves into the real estate market. … [Read more...]
What is the Multifamily Market in 2019 Looking Like?
A growing supply of housing, volatility in the marketplace and risks in the development process all affected the multifamily market in 2018. In 2019, these three factors will continue to move the needle. The Housing Supply Markets like Boston, Seattle and Nashville are growing supply faster than demand. From 2015 to 2017, developers were building like crazy and landlords were enjoying rent increases of 5-7% year over year. They built too much, and the peak has showed itself. Only top markets … [Read more...]
What’s Ahead For Mortgage Rates This Week – December 17th, 2018
Last week's economic reports included readings on inflation and retail sales. Weekly readings on mortgage rates and new jobless claims were also released. Retail Sales Grow, Inflation Unchanged in November November retail sales grew by 0.20 percent in November as compared to expectations of 0.10 percent and October's reading of 1.10 percent growth. Core retail sales, which exclude automotive sales, grew by 0.20 percent and met expectations. Analysts said online stores pushed retail sales … [Read more...]
How The Title Search Works
A title search is an early warning system for buyers and lenders. It reveals flaws the owner must resolve prior to a closing or refinance request. This allows the owner to clear any clouds on the title so that the process can move forward. Also, it protects the buyer or lender from assuming an obligation they aren't responsible for. Title Search A chain of title exists in the public records. It shows the history of property title transfer from each previous owner to the next. … [Read more...]
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