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median price

Median Price of $231,000 Reported for Condos and Single-Family Homes in June

Today’s News Synopsis: Mortgage loan originations for commercial/multifamily properties continue to remain high, having increased 1% year-over-year and 17% month-over-month.  ATTOM Data Solutions and RealtyTrac reported a median price of $231,000 for condos and single-family homes in June, up 6% month-over-month and 9% year-over-year.  The NAHB released a survey showing the percentage of people who

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interest rates heat

Discussion On Fed Interest Rate Hike Expected to Heat Up

Today’s News Synopsis: The Census Bureau and HUD announced an increase in new home sales by 3.5% month-over-month and 25.4% year-over-year, putting them at an 8-year high.  Home prices increased 5% in May across the nation according to the S & P CoreLogic Case-Shiller Indeces.  Discussion on the increase in Fed interest rates is expected

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investing

Bankrate Survey Shows Real Estate is Most Popular Place to Invest

Today’s News Synopsis: Home remodeling projects are expected to reach $321 billion by next year, putting its growth at 8% and numbers not seen since before the crash.  A new report was released by the government recently that outlined what the Treasury, HUD, and FHFA have achieved as well as how loss mitigation can be

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Susie Leivas Blog

Susie Leivas of Leivas Tax Wealth Management #496

Bruce Norris is joined this week by Susie Leivas. Susie is the CEO of Leivas Tax Wealth Management. She began at age 13 and has nearly four decades of experience. Susie started in the tax business assisting her father Richard Leivas. After completing her education, she and her father became business partners, eventually forming Leivas

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credit default

Consumers Remain Optimistic About Credit Despite Increase in Default Rates

Today’s News Synopsis: HUD and the Commerce Departments reported a 4.8% increase in housing starts for June.  The latest data showed an increase in default rates for consumer credit and mortgages, yet despite this consumers still remain optimistic about credit.  Fannie Mae reported they are unsure about the market in the second half of the

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