Real estate news

• 401(k) Auto-Enrollment Connected to Early Withdrawals, With Housing Implications

  23-08-2018 22:41
  With Social Security trust fund reserves waning—predicted to be depleted by 2034, leaving Social Security unable to maintain full scheduled benefits—and the number of retirees expecting to receive benefits increasing, more and more Americans are relying on 401(k) savings to support their retirement living. In fact, Statista estimates there are 41.2 million households who presently own a 401(k) plan in the U.S.
  How does auto-enrollment fit in with these tax-advantaged savings accounts
  
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• New-Home Sales Still Weighed Down

  23-08-2018 22:37
  July new-home sales were still weighed down, dropping 1.7 percent to 627,000, according to the Commerce Department. Inventory in July was 309,000, representing 5.9-months’ supply, and the median price was $328,700.
  “Although this month marks the lowest sales pace since last October, we continue to see solid housing demand due to economic strengthening and positive demographic tailwinds,” said Danushka Nanayakkara-Skillington, senior economist at the National Association of Home
  
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• Challenged by a Down Payment? The Easiest Markets to Save For

  23-08-2018 22:33
  One of the biggest challenges for first-time homebuyers is saving.
  Coming up with a down payment is a hurdle for the majority of millennials, shows study after study—but, there are areas where the average earnings are enough to save sufficiently, according to an analysis recently released by RealEstate.com. The easiest market? Chicago, where the average first-timer can save 20 percent for a starter in just over three years.1. Chicago, Ill.Annual Household Income for Millennials: $50,500Ann
  
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• Top Cities for Young Professionals to Call Home

  23-08-2018 07:00
  
  These metros offer the best prospects for 25- to 34-year-olds when it comes to employment, salary, and housing costs.
  
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• Jumbo Loans May Be More Practical for Average Buyers

  23-08-2018 07:00
  
  Interest rates for larger mortgages are becoming less expensive than those for conforming loans.
  
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• Facebook Removes Ad Options After HUD Complaint

  23-08-2018 07:00
  
  The social media giant has taken down more than 5,000 ad targeting options to “help prevent misuse,” the company stated.
  
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• Lori Brewer, founder and CEO of LBA Ware, to speak at engage.marketing

  23-08-2018 06:07
  
  The record-low unemployment rate and the complexity of skills needed for the modern mortgage industry make it a challenge for real estate and mortgage companies to recruit the right people. That's why we invited Lori Brewer, founder and CEO of LBA Ware, to be a panelist at our engage.marketing conference. As part of the panel on Strategies for Attracting and Keeping Top Talent, Lori will discuss compensation benchmarks and the role they play in the success of your business.
  
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