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Category Archives: Market Updates

2017 Bryan/College Station, TX Real Estate Market Update

Balanced.  This is the word that best describes Bryan/College Station’s Residential Real Estate market in 2016.  Balanced. It has been quite a journey from the Buyer’s Market that began in late 2008/early 2009, through the 2013 shift to the Seller’s Market of 2014 and 2015, to where we are today. Let’s begin by taking a […]

BOA Drops Out of Corresponding Mortgage Industry

Back in August, Bank of America’s Chief Executive Officer, Brian T. Moynihan told Bloomberg that they “intend to sell the correspondent-mortgage lending division or, if a suitable deal is not identified, we will consider other options”. Since then, Bank of America failed to find a buyer for their correspondent lending service and is now shutting down the […]

When Record Lows are a Good Thing

Although lower is not always better, there are some scenarios where  “record lows” are delightful: Right now, in the middle of our 110+ degree Texas summer heat At the national limbo competition (if such a thing exists) And of course, when talking about mortgage interest rates I know the news has made everybody aware that […]

U.S. Offers More Affordable Housing

  Bloomberg News released a story in which they revealed the outcome of a new housing survey. U.S. homes are the cheapest relative to incomes among English-speaking nations. The survey outlined homes in Australia, which have a median price of $454,000 and were found to be the most unaffordable among the countries studied.  This median […]

Boomers Get Back to the Basics

  During the National Association of Home Builders meeting in Orlando, Florida, many builders met to discuss getting “back to the basics”.  While the need for a variety in housing is obvious as people enter into different stages in their lives, it is important for builders to look at overall trends in the population. With […]

Freddie Mac Says 2011 Looks Good

Financial analysts at Freddie Mac have taken a stab at predicting some housing market predictions for 2011 . There are 5 main trends that they see in their crystal ball for this new year: Mortgage rates should stay low – Freddie Mac analysts predict that interest rates will remain below 5% for a fixed-rate 30-year […]

Mortgage Apps at 6 Month High

According to the Mortgage Bankers Association weekly survey, mortgage applications for home purchases are the highest they have been since the middle of the housing rebates in May 2010. The Mortgage Bankers Association works on a seasonally adjusted calendar and show an increase of 14.4% last week.  Michael Fratanoni, the association’s president of research and […]

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