GREENWAY BLOG

1 June 2024

Celebrating National Homeownership Month: Free Resources and Expert Advice

  June is National Homeownership Month, a time to celebrate the value of owning a home and its impact on individuals, families, and communities. This annual observance highlights the significance of homeownership in building strong communities, promoting financial stability, and achieving the American dream.Homeownership is a cornerstone of the American society, providing individuals with a sense of pride, stability, and security. It is not just about owning a piece of property; it is about investing in the future, building equity, and creating a place to call home. Studies have shown that homeownership can lead to greater overall well-being, improved educational outcomes for...

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31 May 2024

MarketMinute | How are rates impacting home price growth?

Revised Q1 GDP data showed slower economic growth than initially reported, as spending and inflation moved lower.  Unemployment benefits ticked higher to 219K, but underlying strength in the labor market still showed signs of persisting. The Fed reported "slight or modest" economic expansion in most regions since April. Businesses grew "somewhat more pessimistic." The FHFA index showed sharply slowing house price growth in March, likely as rising mortgage rates weighed on...

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24 May 2024

MarketMinute | Inventory is up, but is it enough?

According to minutes from last month's Fed meeting, officials believe current policy is restrictive enough to bring inflation down further.  May's PMI measure of private sector economic health topped estimates to hit its highest level since April 2022, led by the services segment. New claims for unemployment benefits fell last week, as labor market strength continued to support the economy. Sales of previously owned homes fell 1.9% from March to April and at the same rate year over...

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21 May 2024

First-Time Home Buyer Loan Programs

  If you're shopping for your first home loan, you've come to the right place. Here's a quick primer to explain types of purchase loans and the programs you can use to access them. Some of the programs can be particularly helpful for first time homebuyers, especially if you haven't yet built a strong credit history or large savings account. The right mortgage loan program can get you into a home faster and help you optimize your home investment. Here’s information on popular first time homebuyer options. When you compare loan programs, consider: Purpose (purchase, purchase and rehab, or construction)...

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17 May 2024

MarketMinute | Home Sale Profits Are Up

Consumer inflation data for April was slightly better than expected after coming in higher for 3 consecutive months, a good sign for rates.  Retail sales were unexpectedly flat in April, down from last month's 0.6% increase, an indicator that consumer spending may be losing momentum. Jobless claims were slightly lower last week, but continuing claims — the number of people receiving benefits — rose to 1.79 million. Fewer homeowners are investing in renovations. After peaking in late...

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