GREENWAY BLOG

23 January 2018

Did You Know that 61% of First-Time Buyers Put Down Less than 6%?

According to the  National Association of Realtors’  latest  Realtors Confidence Index , 61% of first-time homebuyers purchased their homes with down payments below 6% from October 2016 through November 2017. Many potential homebuyers believe that a 20% down payment is necessary to buy a home and have disqualified themselves without even trying. The median down payment for all buyers in 2017 was just 10% and that percentage drops to 6% for first-time buyers. Zillow Senior Economist  Aaron Terrazas’ recent  comments  shed light on why buyer demand has remained strong, “Looking into 2018, rent is expected to continue...

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15 September 2017

Greenway's Markets in a Minute | Buyers are taking advantage of low rates

For the Week Ending September 15, 2017 Please enjoy this quick update on what happened this week in the housing and financial markets. Stocks soared to new record highs this week, in part because estimated financial losses from Hurricane Irma dropped from $200 billion down to $50 billion or less. Higher gas prices and rent increases helped consumer prices jump in August, pointing to firming inflation. The Consumer Price Index rose 0.4% over July. Low...

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25 August 2017

Greenway's Markets in a Minute | New Home Inventory Finally Rises By 1.5 Percent

For the Week Ending August 25, 2017 Please enjoy this quick update on what happened this week in the housing and financial markets. Central bankers from around the world are meeting this week for the Jackson Hole Symposium. Markets will be looking for signs of imminent policy changes. Very little economic news this week along with low trading volume has left markets quiet. This environment has helped to keep mortgage rates stable. Despite labor market...

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11 July 2017

5 Signs You're Ready to Lose the Lease

There’s a lot of conflicting advice about whether it’s smarter to rent or buy. Some say renting is like throwing money down the drain when you could be building equity in your own home. Others argue there are better ways to invest your cash, and you’re giving up valuable flexibility. “We typically make big decisions like whether to rent or buy with emotion and defend them with logic, which is why it’s so easy to make a case for either,” explains Dana Bull, a Realtor at Sotheby’s Harborside in Boston. But there are actually several considerations that can make the decision to rent or buy much easier. Here are five signs you’re...

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3 February 2017

Greenway's Markets in a Minute | No New Policy Rate Increases

For the Week Ending February 3, 2017 Please enjoy this quick update on what happened this week in the housing and financial markets. The Fed concluded the most recent FOMC meeting and announced there would be no policy rate increases. The next FOMC meeting is scheduled for March 14/15. Economic activity in manufacturing expanded in January, surpassing economists' expectations. Manufacturers grew at the fastest pace in more than 2 years. The Consumer...

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