Key Highlights
Commerce Department reports annualized economic expansion of 6.4% in Q1 2021
Labor Department reports decreasing initial jobless claims
Economy Picks Up in Q1 2021
The US Commerce Department just reported that the economy grew +1.6% in Q1 2021 compared with 1.1% in Q4 2020.
This +1.6% growth in Q1 2021 translates into an annualized rate of +6.4%.
Economic Activity Running on “All Cylinders”
Scott Anderson, chief...
Key Highlights
Mortgage fraud risk increased +11.9% in Q1 2021, according to CoreLogic
Year-over-year trend up +7.7% from Q1 2020
Fraud risk levels increased +10% for purchase applications and +16% for refinance application
Mortgage Fraud Risk Increased Substantially in Q1 2021
According to the latest CoreLogic National Application Fraud Risk Index, the risk of mortgage fraud increased +11.9% overall during Q1 2021.
The...
Key Highlights
Travel rebounding and with it, vacation-rentals market
Pent-up demand over the top
“One of the Most Exciting Times” in Vacation- Rentals Market
If you and/or your clients are thinking about renting a vacation house this summer, you all may be too late
In March, according to VRBO, 90% of its vacation homes in Cape Cod and on the Jersey Shore...
Key Highlights
French housing market resilient through 2020
Second homes a significant share of housing market portfolio in south of France
South of France Not Boom-and-Bust Property Market
According to Tim Swannie, director of Home Hunts, a firm specializing in luxury properties in France, Monaco, and Switzerland, said, “The south of France generally is not a boom-and-bust property market. Most owners see...
Key Highlights
House lifting for waterfront real estate coming into its own due to climate change
Lifting a house higher is one strategy to combat rising flood waters
House Lifting or House Moving to Higher Ground?
Basically, housing experts are looking at one of two strategies to help mitigate increasing flood risks. One strategy is to move waterfront houses intact to...
Rule 1
Rich is where your money works for you and you no longer have to work for your money.
PASSIVE income sources: Rentals, Revenue Share, Securities etc.
Rule 2
NO ONE...not even your MOMMA wants you to be rich.
Society wants you to be dependent on govt, schools, social security, a job, being a life long debt slave...the system can only exist if...
Key Highlights
1 in 20, 5% of population, moved because of COVID pandemic, according to Pew Research
11% of population aged 19 – 29 moved
COVID Movers Likely to Redefine National Landscape
We’ve been writing a lot lately about how many and where a significant number of the population moved during 2020. Why? Because so many people did it…some 5% or 1...
Key Highlights
Sales of luxury homes increased +41.6% in Q1 2021
Sales of affordable homes increased +7%
Sales of mid-priced homes jumped +5.9%
Redfin Defines Q1 2021 Sales Volume Increases by Price Tiers
A jus-released report from Redfin defines the jump in home sales volume during Q1 2021 by price tiers. Take a look:
Sales of luxury homes soared to an increase of...
Secret: A resale home for $350k may be competing with new construction as high as $500k if the builder has buy downs and in house financing with incentives. Know what’s going on with new construction!
6 What the seller’s time frame is. Ideally, when does this need to sell and close by?
Secret: If they don’t actually HAVE a time frame,...
Key Highlights
Last week’s mortgage demand jumped for first time since end of February
Refis jumped +10% but still lower than same week last year
When Interest Rates Drop, Expect Demand for Mortgage Purchase Applications to Rise
According to the Mortgage Bankers Association (MBA), the average contract interest rate for 30-year fixed-rate mortgages with conforming loan balances ($548,250 or less) dropped from...
