Republicans set to unveil plan to replace Dodd-Frank

Later this year, the Dodd-Frank Wall Street Reform and Consumer Protection Act will reach its sixth anniversary, but if Congressional Republicans have their way, Dodd-Frank won’t reach anniversary number seven and many of the financial reforms enacted by the landmark law will be repealed or replaced. http://www.housingwire.com/articles/37147-republicans-set-to-unveil-plan-to-replace-dodd-frank ❤️ #share #mortgage

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Consumer confidence declined in May?

The Conference Board says consumer confidence is down, but that doesn’t seem to be affecting consumer spending or even housing growth. See why economists think that is, and what other data points seem to conflict with The Conference Board findings. http://www.housingwire.com/articles/37146-us-consumer-confidence-declined-in-may ❤️ #share #mortgage

Wells Fargo’s Pavaso approval brings digital #mortgages a step forward

Pavaso brought the industry one step further into the digital world thanks to its new approval from Wells Fargo as a vendor for “hybrid” eClosings. The move is a “major milestone for digital closings in the industry.” http://www.housingwire.com/articles/37145-wells-fargos-pavaso-approval-brings-digital-mortgages-a-step-forward ❤️ #share #mortgage

Case-Shiller: Home prices rising twice as fast as inflation

The Dow Jones Case-Shiller Home Prices Indices show that not only do prices continue to rise, but they are actually rising at double to rate of inflation. Here’s what that means for both buyers and sellers, with added commentary from Quicken Loans and Zillow experts. http://www.housingwire.com/articles/37143-case-shiller-home-prices-rising-twice-as-fast-as-inflation ❤️ #share #mortgage

How Does Housing Help Build Family Wealth?

As the economy continues to improve, more and more Americans are seeing their personal financial situations also improving. Instead of just getting by, many are now beginning to save and find other ways to build their net worth. One way to dramatically increase their family wealth is through the acquisition of real estate.

For example, let’s assume a young couple purchased and closed on a $250,000 home in January. What will that home be worth five years down the road? 

Pulsenomics surveys a nationwide panel of over one hundred economists, real estate experts and investment & market strategists every quarter. They ask them to project how residential prices will appreciate over the next five years. According to their latest survey, here is how much value that $250,000 house will gain in the coming years.

Over a five-year period, that homeowner can build their home equity to over $40,000. And, in many cases, home equity is large portion of a family’s overall net worth.

Bottom Line

If you are looking to better your family’s long-term financial situation, buying your dream home might be a great option. http://www.simplifyingthemarket.com/en/2016/05/31/how-does-housing-help-build-family-wealth/?a=242769-4eb2112ad1caac540e99a63dd199d5ed ❤️ #share #mortgage