Last week, the inaugural “Homebuyer Insights Report” was released by the Bank of America. The report revealed the reasons why consumers purchase homes and what their feelings are regarding homeownership.
Consumer Lending Executive, D. Steve Boland, explained:
“Homebuyers today are motivated by both emotional and practical reasons. Nearly all want more space, but a majority of homebuyers, especially those purchasing their first home, are also looking for a place to call their own, put down roots and make memories. They value the emotional benefits of owning a home as much as the financial ones.”
Boland went on to say:
“The path to homeownership is a journey and can be as overwhelming as it is exciting. For many people, this is the single most significant financial transaction they will ever make.”
This was evidenced in the report when they asked today’s homebuyers to define homeownership. Their answers tell the whole story.
Each real estate agent brings a mixed set of abilities & specialties to their buyers and sellers.
It is critical to find a realtor who you can trust to lead you throughout the entire process step-by-step.
Having a talk about your intentions & expectations will not only save you unneeded frustration but will also make the transaction as smooth as possible.
by Joe Garrett
To Our Clients, Colleagues, and Friends:
On Wednesday, February 17th from 2:00 p.m. to 3:30 p.m. Eastern, we're hosting an MBA webinar titled "Ten Things Your Company Must Do in 2016" that's geared toward mortgage company and bank CEOs, CFOs, and secondary marketing managers, and warehouse lenders, industry analysts, and others.
We'll cover why your team should set key business goals and initiatives for management to achieve during 2016; why "doing as much volume as possible" should not be one of your goals; how your management team should organize, assess, and modify its goals throughout 2016; and offer ten concrete, practical suggestions for the coming year related to investor relationships, financial management, compliance, and operational performance.
by Michael Ertem
Eagles vocalist and guitar player Glen Frey has passed away in New York City at age 67. He was a founding member of the track record setting group The Eagles. They were my gateway into country-rock/the south-west sweet sound. Total bummer.
The Playboy Mansion, the most famous home that hosted the hottest gatherings ever happened in Los Angeles is for sale. The affluent architect Arthur Kelly designed the house in 1927 for department store heir Arthur Letts, Junior. Later, Hefner bought the house from entrepreneurial inventor Louis Statham for $1.05 million in 1971 which was then a record number. If it sells at asking price, it is 200 times in 45 years. $4.4 million increase per year.