#DHallTheINSIDER buying a home homeowner housing millennials real estate

Trending: Single-family housing, attending closings, & more.

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Photo Source: Instagram via @landschute

Housing Starts and Permits were down last month, missing expectations but not as big a disappointment as one might immediately think. Coming off a 10-year high for Permits in January and a 10% rise in January Starts that was revised even higher, a drop was expected. Multi-family homes can be attributed for the miss, with single-family Starts actually rising and Permits holding strong.

A common trend at Hall Financial that’s a cornerstone to our More Personal Attention motto is now being recommended. Seems like common sense to us but apparently it needed to have an article dedicated to the topic: borrowers tend to be less satisfied when loan officers don’t attend the closing. While it’s true a loan officer might not be able to attend every closing, it’s extremely important they go over the fine detail with the client prior to closing. It’s all about communication and a borrower’s misperception of rate or fees or escrow when going over the paperwork at closing could completely ruin their perception of the loan officer and the experience. Bottom line: loan officers need to attend their closings.

Also trending: most millennials are buying in suburban areas, not in the city as it’s commonly assumed. Why the favoritism? Schooling. They want to enroll their kids in good public schools rather than the expensive private schools common in the city.

Hall Financial (NMLS #1467435) was formed in early 2016, founded on a common mission: to be the most client focused mortgage company in the industry’s history. We were going to stop the trend of treating homeowners and homebuyers as transactions and instead, welcome them as family. We were going to treat them like the queen of England. Here, we bring you up to speed and keep you in the know with the latest housing news, home trends, and more!

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