Helping Hand for Homebuyers with Bad Credit

Blog_house copy

A newly introduced bill could significantly alter the way Americans’ credit data is stored, reported and utilized by credit reporting agencies. Yesterday, Representative Maxine Waters, D-CA, introduced the “Comprehensive Consumer Credit Reporting Reform Act of 2016” which aims to transform the American credit reporting system in an attempt to make it “fairer, more accurate, and less confusing for consumers.”

Continue reading

Taking Your Business International

RIS_featureImage

Do you have a successful business that is ready to tread onto international grounds? Growing your company into an international firm offers the exposure and growth opportunities to transform your business from a domestic success to a global powerhouse. Global expansion also offers the flexibility to rely on an alternate market when others are experiencing fluctuations caused by seasonal trends or economic issues.

Continue reading

The Buying Power of Asian Americans

Blog_BuyingPower2

The housing market has been turbulent for the past decade, but 2016 has started with a positive trend. According to the Nationwide Economics’ Health of Housing Markets (HoHM) Report, the Leading Index of Healthy Housing Markets (LIHHM) for the third quarter of 2015 was higher than 100, their neutral number, and this typically designates a healthy market. The report also confirms that the Metropolitan Statistical Areas’ (MSA) LIHHM performance has been improving since 2012. Continue reading

House Flipping in the United States

Blog_houseflip

Indicative of a competitive housing market with stable demand, house flipping is a practice with a lasting effect throughout the country. According to Business Insider (BI), despite comprising a steady amount of all home sales, the current national flip rate of 5 percent is comparable to non-housing bubble years and significantly lower than the 8.6 percent rate of 2006. Continue reading

The Future of our Communities Lies in our Mothers’ Hands

Blog_mothershands-2

The number of women rearing children by themselves in America has nearly tripled in the last 45 years, reaching a current estimate of 10 million single mothers in this country. The U.S. Census Bureau reports more than 1 in 4 families with children under the age of 18 are headed by a single parent and more than 3 out of 4 single parent families are headed by a female. Although women have made great economic strides in the last decade, studies show that they continue to be disproportionately impacted by poverty. Single mothers face serious economic challenges; they generally have lower incomes and higher living expenses for child care, healthcare and housing.  Continue reading

Homeownership Rising in the U.S.

Blog_sfhouses

After increasing in the third quarter for the first time in two years (from a 48-year low), American homeownership rose for a second consecutive quarter from 63.7 percent to 63.8, the Census Bureau announced Thursday. Fueled by job growth and flexible lending, these successive increases, albeit minuscule, are welcome news after a span of incessant downturns that began in 2013. Continue reading

The Struggle with Housing Affordability

Blog_savings

The theme for the 2016 housing market is “the challenge of housing affordability coupled with expected modest economic growth,” according to a recent report from Fannie Mae’s Economic and Strategic Research (ESR) Group. The research group asserts that continued labor market demand will result in higher wages and job security in the coming year, and that banks will release more flexible lending programs making the process of obtaining mortgage loans easier for millions of Americans. These characteristics indicate a housing market on the upswing with happy, capable buyers; but it’s not that simple. Continue reading

Will the Luxury Real Estate Buyer Please Stand Up?

Blog_luxury

The Department of Treasury announced on Wednesday that it would work to increase transparency in luxury real estate transactions. The Financial Crimes Enforcement Network (FinCEN) yesterday issued Geographic Targeting Orders (GTO) that will, for the time being, require selected American title insurance companies to identify the buyer behind companies purchasing luxury real estate properties in all cash in Manhattan and Miami-Dade County—two of the most popular locations for international luxury real estate investment. Continue reading