GREENWAY BLOG

A greener look at a mortgage process unlike anything you have
experienced before. Where experience, efficiency & integrity meet.

MarketMinute | How are rates impacting new home construction?

MarketMinute | How are rates impacting new home construction?

Retail sales rose 0.1% in May, coming in weaker than expected as consumers continued to wrestle with stubbornly high levels of inflation.  New jobless claims fell from their 10-month high last week, but continuing claims rose for the 7th straight week. Fed officials continue to signal that rate cuts aren't likely until more data supports trends toward cooler inflation and higher unemployment. New home construction slumped in May to its slowest pace in 4 years. Higher mortgage rates sapped the...

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MarketMinute | What's most surprising to new homeowners?

MarketMinute | What's most surprising to new homeowners?

Wholesale inflation unexpectedly declined the most in 7 months, adding to evidence that inflationary pressures are moderating.  Inflation cooled more than expected in May, dropping for the second straight month. Prices were flat for the first time since July 2022. The Fed left its policy rate unchanged at this month's Fed meeting and signaled it may cut rates 1 or 2 times by the end of the year. Anji.com found 19% of owners were most surprised by the cost of improvements during the first 6...

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MarketMinute | Are these the signs of slowing that led to lower rates?

MarketMinute | Are these the signs of slowing that led to lower rates?

The services sector snapped back into growth mode in May after a short-lived April contraction, improving by the most in 3 years.  Private employers added the fewest jobs last month since January, and small businesses shed jobs for the first time in 6 months. The ISM Manufacturing Index hinted at a stalled economy in May. The Index fell to a 3-month low based on lower anticipated demand. Construction spending fell unexpectedly for a 2nd month in April, though investment in single-family home...

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Trading Down Your Home: Is Now the Right Time?

Trading Down Your Home: Is Now the Right Time?

  With listings harder to find and prices still strong, it may be a good time for homeowners who are still in their larger-than-needed homes to sell. The current real estate market offers a unique opportunity to unlock substantial equity, which can be a prudent move towards better enjoying your retirement. The Benefits of Trading Down Can Include: A Newer Home May Require Less Maintenance Moving to a newer, smaller home often means less maintenance and fewer repairs. This can be especially beneficial for retirees who want to spend their time enjoying life rather than managing home upkeep. Reduced Exterior Maintenance Some homes, such...

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Celebrating National Homeownership Month: Free Resources and Expert Advice

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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