GREENWAY BLOG

27 October 2023

MarketMinute | How much would you pay for a haunted house?

The economy grew at the fastest pace in nearly 2 years last quarter, fueled by a surge in consumer spending and cooling inflation. Initial jobless claims rose slightly last week but were still in ultra-low territory, staying near lows last seen in January. The federal government finished its fiscal year in September with a $1.7 trillion deficit, fueling rising bond yields and higher mortgage rates. New home sales surged by 12%, reaching their highest level in more than a year. Median home prices fell as...

READ MORE

24 October 2023

Renting vs Owning: Common Considerations

  Is owning a home one of life’s big goals or is renting just fine? In case you’re still deciding let’s see how they compare. Many say renting accommodates a more flexible lifestyle and owning works for more settled lifestyles.  The truth is either can cost you if you need to move quickly. Rent vs Own: The Differences  Renters may have to pay to break a lease and owners may lose funds if they sell too soon. Renters may have freedom from maintenance chores like yard work or shoveling snow. If the water heater breaks or the roof leaks, they need only to call the landlord for a fix. On the other hand, owners have...

READ MORE

20 October 2023

MarketMinute | Multifamily Construction Takes the Lead!

  Consumer retail spending grew for the 6th straight month in September, coming in much higher than expected. The Fed's October Beige Book described economic growth as stable or slightly weaker, with easing inflation and a loosening job market. However, jobless claims dipped again last week, indicating the labor market remains tight and could contribute to continuing inflation. Homebuilder confidence fell in October to the lowest levels since January. High mortgage rates are dampening...

READ MORE

17 October 2023

Credit Tips

  A good credit score is important for more reasons than just obtaining new credit. These days, it can factor into everything from landing a new job to getting the best deal on your insurance policies. It's more important than ever to avoid late payments on your mortgage! A 100 point drop for one late mortgage payment? It’s true. A single 30-day-late mortgage payment can cause your score to drop by as much as a hundred points. Credit scoring algorithms vary based on many factors, and in some instances, the damage may be even greater and last for years. The Costs Accumulate At the time, a single missed payment will cost you only a late...

READ MORE

13 October 2023

MarketMinute | What's most concerning to home buyers?

According to minutes from last month's Fed meeting, officials see a need for ‘restrictive’ policy and higher rates until inflation eases. Wholesale inflation rose more than expected last month. Consumer inflation met expectations but is still higher than the Fed's goal. Jobless claims remained at historically low levels last week. The job market remains strong in the face of higher interest rates. In a Fannie Mae survey, high mortgage rates surpassed home prices as the top reason...

READ MORE