GREENWAY BLOG

2 September 2022

MarketMinute | How many sellers chose FSBO in 2021?

Consumer confidence rebounded more than expected in August after 3 straight monthly declines, a positive sign for consumer spending. Last week’s jobless claims fell to their lowest level since June, signaling labor market resilience amid a slowing economy. Fed comments from Jackson Hole last week have led markets to expect a larger policy rate hike in September.   Purchase mortgage applications dropped 2% for the week and were 23% lower year over year. Refi apps also fell....

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30 August 2022

The 7 Property Types Explained

  When it’s time to buy a new home, it helps to know not only where you want to live, but also what type of home you’ll choose. From single family homes to condos and townhouses, each property type has unique characteristics to understand before you buy. Below you’ll find the differences between seven common property types. After reading through each you’ll have a better idea of which one best suits your lifestyle and needs. Let’s start with Single family homes. Single Family:  A single-family home, or stand-alone house, is the most common and popular type of home. Some single-family homes are in subdivisions...

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26 August 2022

MarketMinute | Are first-time buyers still in the market?

New orders for durable goods increased in July, but the pace slowed from the prior month, suggesting a moderate rebound in business spending. The economy shrank at a slightly slower pace in the 2nd qtr than initially reported, as inflation and higher interest rates weighed on spending. Jobless claims fell for the 2nd week in a row, suggesting that employers are holding on to workers despite growing economic uncertainty. New home sales fell for the 2nd straight month in July, reaching a 6-1/2 year low....

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23 August 2022

Your Trusted Local Mortgage Lender

  As you look for a home, speed may be something you value highly. Pre-approval, getting an offer accepted, and of course moving in. Online lenders like Rocket Mortgage from Quicken Loans have capitalized on this, creating more demand for speed, and swiftly brushing off the other key values of working with a local mortgage lender. But jetting off towards your dream home may not be all there is to the story. According to  Investopedia  - Online mortgage companies have become an increasingly significant force in the home loan industry.  Do these web-based firms have more to offer than local lenders? Leading the charge is Rocket Mortgage,...

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19 August 2022

MarketMinute | How are builders feeling about the market?

Last month’s Fed meeting minutes showed officials agreed on the need to eventually dial back the pace of policy interest rate hikes. Consumer sentiment rose to a 3-month high in early August, indicating stronger expectations about the economy and personal finances. Retail sales for July were flat compared with an anticipated 0.1% gain. Falling fuel prices helped drive retail spending. Builder sentiment for the single-family homes market fell into negative territory in August, as builders and...

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