I get tons of questions about whether the changes taking place in Washington D.C. mean that settlement agents can forget about compliance. Simply put- compliance still matters!
If you track my Tweets, ignore this blog. For those of you that do not Tweet – you should consider doing so. If you want to talk about effective bang for the buck, the 140 total characters, letters, numbers and spaces of a Tweet on Twitter certainly qualifies. Who knew you could say so much …Read more
Jobs are everything to the economy and the ultimate demand for real estate. Not all jobs are equal, however. Variables include required skill sets, educations, compensation and even where they are located. Once again I invoke the invoke the TINSTAANREM axiom — There Is No Such Thing As A National Real Estate Market. Nor is …Read more
The U.S. created 235,000 net new non-farm payroll jobs in February 2017, with a corresponding unemployment rate of 4.7 percent, down from 4.9 percent a year ago. In the 12 months ending February 2017, the U.S. added 2.35 million net new jobs versus 2.60 million a year ago in the same period. Average hourly earnings …Read more
In some states it is easy for first-timers to buy a home – both the underlying required jobs are there and housing affordability and availability meshes with the requisite earnings capacity. Not all states, however, are as hospitable to the new prospective Millennial homebuyers. Ease of homeownership, however, does not automatically correspond to the location …Read more
Yesterday Fannie Mae released the findings of their January 2017 Home Purchase Sentiment Index which reported that American’s have never felt better or more confident than ever regarding U.S. housing markets. That said, it’s once again time to invoke the TINSTAANREM axiom — There Is No Such Thing As A National Real Estate Market. Nor …Read more
Having grown up in a small town, I can appreciate the comfort that exists for residents when it comes to minimal crime, knowing almost everyone in town and truly belonging to a community. I was very fortunate growing up in Montrose, Colorado. It was a safe town – with many people in those days not …Read more
The marketplace reality is that consumers expect a digital solution to improve their home buying experience. We must meet our customer needs and problem-solve a solution that allows real estate transactions to close electronically. A hybrid approach to e-Closing would allow the title and settlement industry to begin some form of e-Closings today while working with technology providers, Secretaries of State, county recorders and state legislatures to move the industry toward a full e-Closing in the near future.
In my original blog in October 2008 introduced was the TINSTAANREM axiom — There Is No Such Thing As A National Real Estate Market. Nor is there a consistent nationwide cost of housing. To illustrate these axioms, following is an overview of a study completed by smartasset comparing the required median household income necessary to …Read more
More than 30 years ago when I was working for the Real Estate Center at Texas A&M University, the Executive Officer at the Lubbock Association of Realtors said we should do a study on how much a home sale impacts the local economy in addition to just the home purchase price. Great idea to track …Read more