U.S. banks are reportedly relaxing their lending standards on some commercial real estate loans. This marks the first time in nearly three years that lenders have taken such a move on commercial loans, the CoStar Group reports.The Federal Reserve’s first quarter survey of senior loan officers shows that banks are easing standards and terms on commercial and industrial loans to large and middle-market firms. They have mostly left loan standards
National Association of REALTORS® members learned about HUD’s top priorities, security protocols both on and offline, and new loan options for military veterans as the 2018 REALTORS® Legislative Meetings & Trade Expo continued Wednesday.In a conversation with NAR First Vice President Vince Malta during the General Session, HUD Secretary Ben Carson said the public needs more education about what constitutes sexual harassment.HUD Seeks End
Generations of retirees are showing a shift in housing priorities. John Burns Real Estate Consulting recently compared nearly 3,000 registered new-home shoppers born in the 1940s to more than 5,200 new-home shoppers born in the 1950s to uncover some of those shifting trends.For one, younger retirees are showing more preference to live near dog parks. The 1950s generation surveyed rated a dog park as their top retiree amenity, which replaces golf
The chief reasons homeowners undergo a remodel are because they desire better and newer amenities or they feel compelled to repair or replace old components in their home, according to the National Association of Home Builders’ Remodeling Market Index. These two reasons have tended to drive most remodels in recent years, but other reasons are growing in popularity among homeowners.Notably, three reasons to remodel are on the upswing: a “desir
The number of vacant homes in the U.S. surged during the Great Recession. Many cities recovered and fewer homes are standing empty, but not everywhere. The number of homes that have been abandoned has risen 2.1 million nationally in recent years, and vacant properties continue to be a drag on former industrial epicenters or the nation’s “legacy” cities, according to a newly released report. These are properties that are sitting unused and a
Mortgage rates are edging noticeably higher this week, and would-be home buyers and refinancing homeowners may have missed out on a chance to lock in a lower rate.Mortgage application volume for refinancings and home purchases dropped 2.7 percent last week on a seasonally adjusted week-to-week basis, the Mortgage Bankers Association reported Wednesday. Mortgage application volume is 4.5 percent lower than the same week a year ago.Applications for
One of the most overlooked and underrated ways to promote your blog or website is within the comment section of other websites and blogs, writes Jayson DeMers, an online marketing and SEO expert for business owners, in a column for Forbes.com. Posting comments may actually be a strategic move to help you get more recognition among peers and prospects to generate more traffic to your website and blog.The most effective tend to be comments on blog
The Great Recession still has a lasting impact on how many consumers shop for homes today, builders say. Even consumers who did not lose a home to foreclosure during the housing crisis are still shopping for homes more cautiously than they did during the early 2000s and the height of the housing boom.“Buyers became more cautious in the homebuying process,” says Dennis Webb of Fulton Homes. “If they were not directly affected, then they cer
In a competitive housing market, some buyers are increasingly losing out to those who are willing make an all-cash offer to close the deal. All-cash offers are attractive to sellers since they tend to close quickly and aren’t contingent on any potential hang-ups from a buyer’s financing. Now, a new startup is making headlines with an offer to turn nearly any buyer’s offer into an all-cash one to better compete.The company, Ribbon, is launch
Before buyers make an offer, they’ll want to be clear on what stays and what goes with the house, as well as what’s up for negotiation.In general, buyers keep anything permanently attached to the house. However, in some markets, there can be a gray area when it comes to appliances and custom-built pieces.“People usually put riders in the contract to lay out who gets what, and a buyer should make sure their attorney helps with this negotiati
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