GREENWAY BLOG

A greener look at a mortgage process unlike anything you have
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MarketMinute | Jobs are strong, but the market is slow

MarketMinute | Jobs are strong, but the market is slow

Minutes from last month's Fed meeting show deepening concerns about inflation, with several officials ready to raise policy rates as needed. Applications for unemployment benefits moved lower last week, staying near historic lows and signaling a steady labor market. Gross U.S. debt surpassed $40 trillion, a new milestone in the country’s struggle to control its finances. Pending home sales fell to their lowest level of the year in July, per NAR, as mortgage rates and home prices deterred buyers. New home construction also declined in July. NAHB reports housing starts fell 12.4% and...

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MarketMinute | Rate-hike concerns eased last week

MarketMinute | Rate-hike concerns eased last week

Consumer prices rose slightly in July as gas prices fell again, easing inflation concerns and lowering the odds of a Fed rate hike. Wholesale prices were flat in July, also coming in better than expected and adding to signs of cooling inflation. Unemployment claims ticked up last week. However, they remain near historic lows, and the labor market still looks stable. Existing home sales fell for a second straight month in July as rates and home prices continued to hold buyers back, per NAR. NAR also reports a near-record median existing home price of $434,100 in July, 2% higher than a...

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Waiting to Buy a Home? 5 Reasons You May Not Want to Wait

Waiting to Buy a Home? 5 Reasons You May Not Want to Wait

  If you’ve been thinking about buying a home, you may also be thinking about waiting. Maybe you’re hoping mortgage rates will come down. Maybe you’re saving for a larger down payment. Perhaps you’re waiting for home prices to become more affordable or holding out for the perfect home to hit the market. These are all valid considerations. But waiting for everything to line up perfectly can also keep you on the sidelines longer than necessary. The good news? You may have more options than you think. Before you decide to wait, here are five common reasons buyers are pressing pause and what you can consider doing instead....

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Are You Paying Too Much In Property Taxes?

Are You Paying Too Much In Property Taxes?

  When was the last time you actually looked at your property tax bill? If your taxes are included in your monthly mortgage payment, it’s easy to overlook how much you’re paying each year. And as property taxes continue to rise in many areas, that monthly expense can become a bigger part of your overall housing costs. What many homeowners don’t realize is that their property tax assessment isn’t necessarily set in stone. If your home is assessed for more than it’s worth, you could be paying more in property taxes than you should. In fact, the National Taxpayers Union Foundation estimates that 30% to 60% of taxable property in...

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MarketMinute | Manufacturing expanded and home prices rose

MarketMinute | Manufacturing expanded and home prices rose

  Job openings fell in June, but steady hiring and low layoffs suggest the labor market remains solid and is in "slow hire, slow fire" mode. According to payroll processor ADP, private-company hiring slowed considerably in July, with primary gains in healthcare and education. The July ISM manufacturing report showed higher than expected growth, logging its fastest pace since May 2022.   ICE's mid-month home price index reports annual home price growth accelerated at 1.7% in July, the strongest in 15 months. The number of "shadow homeowners," adults who still...

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