real estate

September carries greatest single-month-default surge in a ten-year period

Home loan defaults rose in September, producing the most extensive single-month-default increase in many years. Defaults accelerated to 13.2% in September, the most substantial month-to-month increase since November 2008. This increased the...
Note Investing

How to Build a Mountain of Wealth Outside of the Stock Market

Seems like every time I either turn on the TV or read business articles all I see is that the Market is approaching a correction.  To me, that does not mean...

Is There a Shortage?

I hope you had a productive week. For some reason this week there was a ton of articles on the spring housing shortage. Is there truly a shortage? Or have our...

Transparency = Caring

I hope you had a great week! For the past few weeks, we have been finishing up one of our properties in Indiana. We have agreed to sell it with owner...

Creating Value Means What…..

Earlier this week I spoke with a good friend about how he handles his LinkedIn account and online experiences. He told me that the majority of his connections were just looking...
The Platform Journey

What a Week!

This past week was full of so many emotions! We commenced beta testing for our due diligence platform, and also purchased 2 assets in Indiana. The launch of the platform by...

A Huge MileStone

I have to say I am a proud Papa Today! We have met a huge milestone! We are excited to announce the TruExchange Platform is ready for beta testers. Thank you for...
video

The Platform Journey-Asset Details

https://www.youtube.com/watch?v=kTzJBzTheaU&width=635&height=365&centervid=1

Have You Ever Felt Lost?

Have You Ever Felt Lost? It seems like I misplaced my Crystal Ball Has this ever happened to you? That is how I felt this week, and all that I needed was just a...
The Platform Journey

This Week Has Been Challenging!

This week has been Challenging and Rewarding The Platform is coming to LIFE! Dashboard has gone from mock-up to development Had a Discussion during the week with an individual that watched the dashboard video...

TRENDING

Freddie Mac still predicts new home sales to drive 2018 growth

At the beginning of 2018, new home sales gave the year an unexpectedly low start, however Freddie Mac still believes they will push the housing market forward in 2018. In January, new home sales dropped 7.8% from December’s annual rate of 643,000 to 593,000, a move that the housing market wasn’t expecting. Now, the mortgage giant claims it is changing its forecast little from previous predictions, when it said new home sales are set to take over the housing market in 2018. “While existing home sales may struggle to top their best-in-over-a-decade 2017 performance, new home sales should provide enough growth to push total home sales in the U.S. modestly higher in 2018,” said Len Kiefer, Freddie Mac deputy chief economist. “Housing construction continues to lag demand by a wide margin, so we expect to see housing starts grind higher in 2018.” Freddie Mac predicts that recently passed tax reform will have a limited effect on national home prices. While markets with higher average incomes, and thus more likely to itemize deductions, property taxes could have a larger impact on home prices – as much as 2%. However, the highest impact on home prices will come from rising mortgage rates, which impacts all households, according to Freddie Mac. “The most recent release of the Freddie Mac House Price Index shows U.S. house prices increased 7.1% from December 2016 to December 2017,” Kiefer said. “With construction ramping up slowly to meet demand, house prices should continue to increase, though the pace of growth may moderate as higher interest rates pinch affordability and the tax bill shifts the balance between buy and rent.” The GSE estimates that, adjusted for inflation in 2017 dollars, about $14.8 billion in net home equity was cashed out during the fourth quarter for the refinance of conventional prime-credit mortgages. This is down from $19 billion the year before, and is significantly less that the peak cash-out volume of $102.3 billion during the second quarter of 2017.