CoreLogic’s Loan Performance Insights report for April 2018 was released today and if we remove last year’s natural disasters in Houston and throughout Florida and in Puerto Rico, the seriously delinquent loans and foreclosure rates are very strong. Thanks to a long period of strict underwriting practices and improved economic conditions, delinquency rates are near historic lows.
Forty-nine percent of Americans feel wealthy when they own a home, and 62 percent defined wealth as spending time with family. Where better to spend time with family than at home, in one of the largest investments one makes in their lifetime. Home sweet wealthy home.
An increase in home inventories could be on the horizon. Construction jobs saw an increase in employment by 13K in June, making the total figure building jobs created since the start of 2018 more than 280K.
The 2026 World Cup is coming to North America, with the U.S. hosting some of the games and providing the country with an opportunity for “tremendous economic boost” if U.S. cities keep their infrastructure costs in check and are smart. Homeowners could personally benefit by using apps like Airbnb and Uber to capitalize on the tourism the event will bring to town.
Traverse City, MI, the Pure Michigan lake town that’s arguably most recognized as one of the top summer destinations in the state scored the No. 4 spot on the Top 10 Lake Towns of 2018. The median home list price is $327K and a two-year home price appreciation of almost 18 percent. Branson, MO stole the top spot thanks to homes in a variety of price ranges available on the market, the beaches, a full marina, scuba diving, some of the best trout fishing in the country, and being recognized as “the live music show capital of the world.” Vacation home anyone?