A case of vacant homes versus Airbnb

A new report from Capital Economics raises a case against Airbnb: vacancies. While foreclosures decreased since 2010, the same can’t be said for vacancies that are off the market. It seems that Airbnb may have a hand in that, here’s why. http://www.housingwire.com/articles/38184-a-case-of-vacant-homes-versus-airbnb ❤️ #share #mortgage

This chart proves homeowners are getting better at paying their #mortgage

Borrowers continued to get better at paying their #mortgages as they move further into the year, with more people reported to be paying their #mortgage on time than last year. While the overall performance of #mortgages in this report remained relatively unchanged from the previous quarter, here’s how it changed since last year. http://www.housingwire.com/articles/38183-this-chart-proves-homeowners-are-getting-better-at-paying-their-mortgage ❤️ #share #mortgage

Consumer sentiment sees uptick in September

Consumers sentiment increased in September after preliminary results showed it to be flat from August. Most of the increase was centered on one part of the survey. Survey of Consumers’ chief economist explains the reason for the increase. http://www.housingwire.com/articles/38181-consumer-sentiment-sees-uptick-in-september ❤️ #share #mortgage

Will California real estate experience the toughest year yet in 2017?

The trials that plagued the California housing market in 2016 aren’t expected to get too much better in 2017. The California Association of Realtors’ forecast for 2017 is out and some parts of it look very familiar. Once again, the real estate market is projected to face a major supply shortages and affordability constraints. http://www.housingwire.com/articles/38180-will-california-real-estate-experience-the-toughest-year-yet-in-2017 ❤️ #share #mortgage

Lack of Existing Home Sales Inventory Impacting Sales [INFOGRAPHIC]

Some Highlights:

* Existing home inventory is down 10.1% from last year.
* A lack of inventory explains the modest increase in home sales (0.8% year-over-year) despite strong buyer demand.
* Existing home prices increased 5.1% year-over-year, which is directly related to the lack of inventory. http://www.simplifyingthemarket.com/en/2016/09/30/lack-of-existing-home-sales-inventory-impacting-sales-infographic/?a=242769-4eb2112ad1caac540e99a63dd199d5ed ❤️ #share #mortgage

#lenders work to overcome Detroit’s appraisal gap roadblock

After the financial crisis, the Detroit housing market started a long uphill climb to get back to a healthy, sustainable market, an achievement the city is still currently trying to reach. However, #lenders in the city are working to originate #mortgages that work around some of the toughest roadblocks in Detroit and provide a path to homeownership. Here’s how they’re doing it. http://www.housingwire.com/articles/38178-lenders-work-to-overcome-detroits-appraisal-gap-roadblock ❤️ #share #mortgage