HUD Articles
This Week's Market Snapshot from Brand Mortgage
August 15, 2018
>> Market Update-- For the week of August 13, 2018 — Vol. 16, Issue 33
QUOTATION OF THE WEEK..."Don't talk about yourself; it will be done when you leave." --Wilson Mizner, American playwright
INFO THAT HITS US WHERE WE LIVE...The National Association of Realtors (NAR) reports the median single-family home price edged up to $269,000 in Q2, a 5.3% gain year-over-year. The median family income also rose, to $75,106, though we'd like to see it up some more. Tight supply at certain price points is a drag on home sales in certain markets. But overall, the NAR notes Q2 saw a 0.5% year-over-year spike in available homes, to 1.95 million units. So reports of a housing market slowdown seem a bit premature. About 40% of Americans feel buying a home is the most stressful event in modern life, according to homes.com. Their senior content manager says "they are looking for guidance and assistance," which of course is where we all come in.
BUSINESS TIP OF THE WEEK... A great time to get a referral is when you're wrapping up business with clients. If they're happy with what you delivered, ask if they know anyone else who might need your services.
Matt Shuler, Mortgage Banker NMLS# 453319
Brand Mortgage
1255 Lakes Parkway, Building 300, Suite 300 Lawrenceville, GA 30043
Office: 813.324.2158 Fax: 866.975.7911 Mobile: 813.734.2942
1325 Miller Rd., Ste. B, Greenville, SC
mshuler@brandmortgage.com mshuler.brandmortgage.com
