Suburban submarkets now account for 47% of national flex office space, up three percentage points over the past year. Tech hubs have been among the hardest hit, with vacancy rates in San Francisco surging 510 basis points, the Bay Area up 350 basis points, and Seattle rising 390 basis points over the last 12 months. … [Read more…]
Whether you’re decorating on a budget, trying to be a little more conscious of your consumption, or simply love the thrill of hunting for those amazing, one-of-a-kind finds, thrift-store shopping can be a fun and smart way to create a signature aesthetic for your home. In addition to saving money by thrifting, you can also feel good about keeping items from ending up in a landfill by giving them a second life as part of your decor. But how do you get the best deals, what kinds of pieces should you hunt for and how can you style them without your own home looking like a thrift store? We did some digging to find out.
Looking for striking home decor? This is where pros shop in Dallas-Fort Worth
Consignment and antique shops are great, but they tend to be pricier because their collections are curated. These stores do all the hunting down and fixing up for you, and that service is offset via higher price tags. While consignment shops are more likely to have highly sought after antiques from pedigreed brands, you can still certainly find hidden gems at nearly any thrift store — you just may have to put in more effort to find what you’re looking for. Balance the odds of what you want being there with the price range you’re willing to pay when deciding where to shop.
Many of your favorite causes run thrift shops to help fund their programs and services. Prime Thrift near Fair Park benefits American Veterans (AMVETS), Disabled American Veterans (DAV) and other local and national charitable organizations, while Out of the Closet in Oak Lawn benefits the AIDS Healthcare Foundation. Genesis Women’s Shelter, a nonprofit that provides safety, shelter and support for women and children who have experienced domestic violence, operates two thrift stores: one in Oak Lawn and another in South Oak Cliff. There are four Soul’s Harbor locations throughout the metroplex, with proceeds going toward its programs to help men break the cycle of homelessness and addiction. Some of these shops even have exclusive relationships with estate liquidators, increasing your chances of finding treasures among their wares.
If you’re looking for a bit more than just decor, check out your local ReStore, which benefits Habitat for Humanity. There, you can find actual building materials, such as tile, cabinets, wood flooring, windows, doors or even vintage brick. In addition to these, they also have plenty of new and vintage home furnishings, large appliances and more. With 10 locations across D-FW, it’s a convenient alternative to big-box stores when shopping for your next home design project.
For donation-based thrift stores, Mondays and Tuesdays are typically the best days to shop, because most people tend to drop off items early in the week after spending the weekend cleaning. Signing up for emails is a great way to stay on top of the latest finds and deals, but there’s just no substitute for going in regularly. It works the same with searching online, whether it’s eBay, Craigslist, or Facebook Marketplace. “I’m a huge fan of Facebook Marketplace” says Whitney Marsh, an interior designer and business owner who furnished her Oak Cliff coffee shop, B-Side, with thrifted finds. “I also really love Souls Harbor in Waxahachie,” Marsh notes.
There are two ways to go about hunting vintage pieces. Either have a piece or project in mind and know what you want to pay for it, or be able to spot a good deal. This can involve researching brands, pieces, and eras to be able to find your ideal mix of quality pieces that aren’t in demand. Marsh says that’s her strategy. “I know what I like, and I also know what brands are known for quality goods,” she explains. “I definitely have a style. I’m drawn toward leather furniture, solid wood, wool rugs and unique art.”
For example, you may love midcentury modern (MCM) pieces, but the popularity of decor from that era means there’s more demand, and unscrupulous sellers may assign that label to random items in order to get them to sell. You may find more success by researching some favorite brands or designers from the MCM era and looking for those specifically to avoid fake listings and inflated prices. Be aware that people will list items online with a famous brand name keyword to get more hits, such as saying a “Pottery Barn-style” rug or “MCM-style lamp.” If you’re shopping in person, don’t be afraid to ask the store’s staff about an item you’re looking for; they may have something similar that just hasn’t been put out yet. Or, they might be willing to take down your name and keep an eye out for items on your list — especially if you’re a regular customer.
Once you’ve found that unique piece you’ve been searching for, how do you style it? Thrifted pieces bring character into a space, but it is possible to have too much of a good thing, says Marsh. “I like to pair thrifted pieces with more high-end textiles. I love an old leather sofa that’s worn in against a very bold luxury wallpaper.” If you buy a well-worn piece and want to play up that lived-in aesthetic, try to surround it with items that are clean and modern. Too much rusticity can end up looking like neglect. Same goes for smaller items, such as pots, frames or books — space them out in designed vignettes throughout your home instead of clustering them all together. Also, keep in mind that pairing thrifted furniture is easier when they share some similar elements. For example, mismatched nightstands look more cohesive if they are roughly the same size and color.
Thrifting can be a way to save big, depending on when and where you shop, and what you’re looking for. “I definitely shop with a specific corner or space in mind. I also really only pull the trigger on things that seem like they’re good quality and the right price,” says Marsh. But if you’re patient, persistent and know what you want and what you’re willing to pay for it, it’s just a matter of time before you find it.
Source: dallasnews.com
The median monthly housing payment for U.S. homebuyers rose to a record $2,775 during the four-week period ending April 14, up 11% year over year, according to a Redfin report.
The recent hotter-than-expected inflation reading sent mortgage rates upward. On Thursday, HousingWire’s Mortgage Rates Center showed the average 30-year fixed rate for conventional loans at 7.31%, up from 7.19% a week earlier.
Additionally, Federal Reserve Chair Jerome Powell made statements at the Washington Forum on Tuesday that indicate there will be no rate cuts anytime soon because the economy and the labor market continue to run hot and inflation has remained sticky.
Furthermore, the median price for all types of existing homes rose to $393,500 in March, an increase of 4.8% from the median price of $375,300 in the same month last year, according to the National Association of Realtors (NAR).
Despite the challenging housing market, demand isn’t fading. Mortgage applications, for instance, increased for the second week in a row on the back of a strong economy.
According to Chen Zhao, Redfin’s economic research lead, some house hunters are eager to buy now as they fear a further increase in mortgage rates. Meanwhile, others have grown accustomed to elevated rates and have accordingly factored the inflated rates into their home purchase budget.
“Home sales are slower than usual, but there are still people buying and selling because if not now, when?” Connie Durnal, a Redfin Premier agent in Dallas, said in a news release. “I’ve had a few prospective buyers touring homes for the last several years, since mortgage rates started going up, and they wish they would have bought last year because prices and rates are even higher now.
“My advice to them: If you can afford to and you find a house you love, buy now. There’s no guarantee that rates will come down soon.”
At the end of March, NAR reported that total housing inventory sat at 1.11 million units, up 4.7% from February and up 14.4% from one year ago.
Source: housingwire.com
Daily average mortgage rates jumped to their highest level since last November after last week’s disappointing inflation report
SEATTLE, April 18, 2024–(BUSINESS WIRE)–(NASDAQ: RDFN) —The median U.S. home-sale price increased 5% from a year earlier during the four weeks ending April 14, bringing it to $380,250—just $3,095 shy of June 2022’s all-time high. That’s according to a new report from Redfin (redfin.com), the technology-powered real estate brokerage.
The average daily mortgage rate this week surpassed 7.4%, the highest level since last November, after a hotter-than-expected inflation report and the Fed’s confirmation that interest-rate cuts will be delayed. The combination of high mortgage rates and prices have brought homebuyers’ median monthly housing payment to a record $2,775, up 11% year over year.
There are signals that buyers are out there touring homes despite rising rates. Mortgage-purchase applications are up 5% week over week, and Redfin’s Homebuyer Demand Index—a measure of requests for tours and other buying services from Redfin agents—is near its highest level in seven months. Chen Zhao, Redfin’s economic research lead, said some house hunters are hoping to buy now because they’re concerned rates could rise more, and others have grown accustomed to elevated rates and pushed down their home-price budget accordingly.
“Home sales are slower than usual, but there are still people buying and selling because if not now, when?” said Connie Durnal, a Redfin Premier agent in Dallas. “I’ve had a few prospective buyers touring homes for the last several years, since mortgage rates started going up, and they wish they would have bought last year because prices and rates are even higher now. My advice to them: If you can afford to and you find a house you love, buy now. There’s no guarantee that rates will come down soon.”
For more of Redfin economists’ takes on the housing market, including how current financial events are impacting mortgage rates, please visit Redfin’s “From Our Economists” page.
Leading indicators
|
Indicators of homebuying demand and activity |
||||
|
Value (if |
Recent change |
Year-over-year |
Source |
|
|
Daily average 30-year fixed mortgage rate |
7.41% (April 17) |
Up from 7% one month earlier; highest level since November 2023 |
Up from 6.61% |
Mortgage News Daily |
|
Weekly average 30-year fixed mortgage rate |
6.88% (week ending April 11) |
Up just slightly from 6.82% a week earlier |
Up from 6.27% |
Freddie Mac |
|
Mortgage-purchase applications (seasonally adjusted) |
Increased 5% from a week earlier (as of week ending April 12) |
Down 10% |
Mortgage Bankers Association |
|
|
Redfin Homebuyer Demand Index (seasonally adjusted) |
Up 8% from a month earlier (as of week ending April 14) |
Down 11% |
Redfin Homebuyer Demand Index, a measure of requests for tours and other homebuying services from Redfin agents |
|
|
Touring activity |
Up 33% from the start of the year (as of April 14) |
At this time last year, it was up 23% from the start of 2023 |
ShowingTime, a home touring technology company |
|
|
Google searches for “home for sale” |
Unchanged from a month earlier (as of April 14) |
Down 17% |
Google Trends |
|
Key housing-market data
|
U.S. highlights: Four weeks ending April 14, 2024 Redfin’s national metrics include data from 400+ U.S. metro areas, and is based on homes listed and/or sold during the period. Weekly housing-market data goes back through 2015. Subject to revision. |
|||
|
Four weeks ending |
Year-over-year |
Notes |
|
|
Median sale price |
$380,250 |
4.7% |
|
|
Median asking price |
$413,225 |
6.4% |
Biggest increase since Oct. 2022; all-time high |
|
Median monthly mortgage payment |
$2,775 at a 6.88% mortgage rate |
10.6% |
All-time high |
|
Pending sales |
86,086 |
-2.3% |
|
|
New listings |
93,332 |
10.8% |
|
|
Active listings |
832,748 |
9.6% |
|
|
Months of supply |
3.3 months |
+0.4 pts. |
4 to 5 months of supply is considered balanced, with a lower number indicating seller’s market conditions. |
|
Share of homes off market in two weeks |
42.6% |
Down from 44% |
|
|
Median days on market |
35 |
-1 day |
|
|
Share of homes sold above list price |
29.2% |
Essentially unchanged |
|
|
Share of homes with a price drop |
5.9% |
+1.6 pts. |
|
|
Average sale-to-list price ratio |
99.2% |
+0.2 pts. |
|
|
Metro-level highlights: Four weeks ending April 14, 2024 Redfin’s metro-level data includes the 50 most populous U.S. metros. Select metros may be excluded from time to time to ensure data accuracy. |
|||
|
Metros with biggest |
Metros with biggest |
Notes |
|
|
Median sale price |
Anaheim, CA (24.8%) Providence, RI (14.6%) Nassau County, NY (14.3%) West Palm Beach, FL (13.5%) New Brunswick, NJ (13.1%) |
San Antonio, TX (-1%) |
Declined in just 1 metro |
|
Pending sales |
San Jose, CA (25.6%) San Francisco (11.2%) Oakland, CA (7.1%) Columbus, OH (6.7%) Seattle (6.4%) |
Nassau County, NY (-14.9%) Atlanta (-13.6%) Houston (-11.6%) Riverside, CA (-10.8%) Fort Lauderdale, FL (-10%) |
Increased in 14 metros |
|
New listings |
San Jose, CA (46.6%) Sacramento, CA (27.6%) Phoenix (27.4%) Jacksonville, FL (27.2%) Dallas (22.9%) |
Newark, NJ (-12.4%) Providence, RI (-6.3%) Milwaukee (-4.6%) Chicago (-4.5%) Detroit (-3.1%) |
Declined in 9 metros |
To view the full report, including charts, please visit:
https://www.redfin.com/news/housing-market-update-home-prices-mortgage-rates-increase
About Redfin
Redfin (www.redfin.com) is a technology-powered real estate company. We help people find a place to live with brokerage, rentals, lending, title insurance, and renovations services. We run the country’s #1 real estate brokerage site. Our customers can save thousands in fees while working with a top agent. Our home-buying customers see homes first with on-demand tours, and our lending and title services help them close quickly. Customers selling a home can have our renovations crew fix it up to sell for top dollar. Our rentals business empowers millions nationwide to find apartments and houses for rent. Since launching in 2006, we’ve saved customers more than $1.6 billion in commissions. We serve more than 100 markets across the U.S. and Canada and employ over 4,000 people.
Redfin’s subsidiaries and affiliated brands include: Bay Equity Home Loans®, Rent.™, Apartment Guide®, Title Forward® and WalkScore®.
For more information or to contact a local Redfin real estate agent, visit www.redfin.com. To learn about housing market trends and download data, visit the Redfin Data Center. To be added to Redfin’s press release distribution list, email [email protected]. To view Redfin’s press center, click here.
View source version on businesswire.com: https://www.businesswire.com/news/home/20240418348073/en/
Contacts
Redfin Journalist Services:
Kenneth Applewhaite, 206-414-8880
[email protected]
Source: finance.yahoo.com
The Citizenry’s flagship store in New York City. [Photo: The Citizenry]
The Citizenry, a Dallas-based direct-to-consumer home decor brand that partners with artisans around the world, has been acquired by Havenly, a Denver-based interior design service and home furnishings company.
The acquisition will allow the socially motivated home decor company to continue to scale the availability of its sustainable artisanal furniture and goods, further multiplying its impact, Citizenry said. Terms of the deal were not disclosed.
“We set out to prove retail can be a force for good. Not only does the Havenly team appreciate our values, they have fallen in love with our unique design aesthetic, product line, and most importantly, our commitment to fair trade,” Rachel Bentley, co-founder of The Citizenry, said in a statement. “They’re the right partner to lead our next chapter of growth. We worked with almost 3,000 artisans last year, and with this step—that just feels like the beginning.”
Havenly said it anticipates retaining much of The Citizenry team, including Bentley, who will serve as president of The Citizenry, and Co-Founder Carly Nance, who will transition to serve as an executive brand advisor.
The Citizenry co-founders Rachel Bentley (left) and Carly Nance [Photo: The Citizenry]
The Citizenry joins Havenly as part of its ongoing efforts to build a collection of home brands and technologies that appeal to the next generation of shoppers, the companies said.
The deal will allow Havenly to expand its fair-trade initiations with The Citizenry and across other areas of the business.
The Citizenry co-founder Rachel Bentley visits with an artisan in Morocco, from our 2016 profile of the company. [Photo: The Citizenry]
Since its founding in 2014, The Citizenry has expanded its offerings to cover the whole home, while supporting the work of thousands of artisans around the globe at pay rates that average twice the fair trade requirement.
From its beginnings, The Citizenry said it set out to build a design-forward company that celebrates the people behind its products and sets new standards in social responsibility for the industry. The Citizenry adopts a fair trade business model, and its following has grown the company into the largest U.S. home decor company to have 100% of its products sourced according to the rigorous standards set by the World Fair Trade Organization.
In 2021, The Citizen raised $20 million in Series B Funding from San Francisco-based NextWorld Evergreen, a growth equity firm with a focus on conscious consumer brands. And just last September, The Citizenry launched a new brand campaign, “Uncontained,” to highlight a deep lineup of new brands hitting shelves at nearly 100 Container Store locations nationwide.
The Citizenry said that with the acquisition, it will roll out its iconic collections to audiences across the Havenly platforms, expand its retail footprint, and scale its global network of artisans and heritage manufacturers to new levels.
“We’ve always said that our business marries old-world values with new-world market strategies,” Carly Nance, co-founder of The Citizenry, said in a statement. “We’ve grown to where we are today by being customer-centric and digitally-driven. This partnership provides even more strategic firepower in those arenas. The Havenly team is passionate about the same things we are—building potent, meaningful brands designed to stand the test of time.”
Mercado storage baskets from The Citizenry. [Photo: The Citizenry]
This is Havenly’s third acquisition in 36 months, with past acquisitions including Interior Define and The Inside. Havenly said the deal cements it as the largest digital-first, DTC platform in the home decor market with a strong strategy for sustainable growth.
“As a personal customer of The Citizenry, I’m thrilled to bring the brand into the Havenly family,” Lee Mayer, co-founder and CEO of Havenly, said in a statement. “Rachel and Carly’s unrivaled commitment to sustainability, social impact, and support of artisans combined with premium quality and exquisite design is truly something revolutionary in the space, and a big reason why The Citizenry has long been a favorite among our customers. We’re excited to build on the work they’ve done to promote more sustainable values and help usher in the next era of great home brands for the modern consumers.”
Organic Turkish cotton duvet from The Citizenry. [Photo: The Citizenry]
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Source: dallasinnovates.com
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Here in the Hill Country near Austin, Texas, there’s an active market of sellers and buyers of real estate. It is a safe bet that most use agents; around 90 percent of buyers use them, and Clever released data on average real estate commission rates in the U.S. as they stand now. Clever found that on the median-priced home of $431,000, the average U.S. home seller pays real estate commission fees of about $23,662. In a survey of 630 partner agents, the average real estate commission rate in the U.S. is 5.49 percent, divided between the listing agent (2.83 percent) and the buyer’s agent (2.66 percent). The average commission rate rose from 5.37 percent in 2023. Most real estate agents typically work within a range of 2.5 percent to 3 percent. Several key factors influence this, such as property value, client relationship & circumstances, sale complexity, services provided, and market conditions. Hawaii is home to the lowest average real estate commission rate (4.78 percent), while West Virginia has the highest (6.67 percent). (Found here after 8:30AM ET, this week’s podcasts are sponsored by PHH Mortgage. From subservicing to correspondent lending, MSR/co-issue transactions, portfolio retention, reverse mortgages, and commercial servicing, PHH has solutions for the entire mortgage lifecycle. Hear an interview with Cross Country Mortgage’s Nicole Perrone on ways lenders are expanding production and capturing market share.)
Lender and Broker Products, Software, and Services
ICE Mortgage Technology® customers are experiencing exciting benefits from the integration between Simplifile® and The Closing Exchange, a leading provider of notary services and order management technology. This integration supports settlement agents and lenders who wish to conduct remote online notary (RON) transactions but may not have the necessary staff or infrastructure in place to facilitate such closings. By leveraging The Closing Exchange’s extensive network of notaries, and their expertise in performing signings, customers can now drive a better borrower closing experience by seamlessly leveraging a RON notary who is already set up in Simplifile® eSign Events™. Click here to learn more.
Long-term Rental or Vacation Rental? Visio Lending is the nation’s leader in Non-QM Investor DSCR loans for buy and hold SFR rentals with nearly a decade of experience and over $2.7 billion in originations. No-DTI, 30-year terms, rate buy downs, free 45-day rate locks; I/O and Sub-1 DSCR options available. Now choose your own title company (including on refinances). Through our top-notch Broker Program, brokers are able to earn up to 2 points YSP, and 5 points total. Visio Brokers can count on a designated Account Executive and in-house processing.
Understanding what you’re up against in this economy is paramount for every originator. You need to find opportunity, and we want to help you do just that. Join us Thursday, April 25 at 2 p.m. Eastern for a roundtable discussion featuring MAXEX President, COO and Co-founder Bill Decker, South Street Securities Managing Director Buck Thompson and AmeriVet Securities Head of U.S. Rates Greg Faranello. We’ll dive into the current headwinds, where customers are finding success and how you can break away from the traditional business as usual to build a more resilient foundation for the future. Register today to join the discussion.
Servicing Products
How does Servbank maintain such low delinquency rates? Because Servbank identifies and addresses delinquency risk before it has a chance to grow. They utilize their leading-edge technology to drive precise customer outreach and combine it with caring specialists, who work in partnership with customers to achieve positive resolutions. Together, this combination of people and tech, allows Servbank to stay ahead of the DQ curve, not to mention the rest of the market. And when delinquencies are kept low, everybody wins: It’s good for homeowners, the communities they live in, and you, the lender, by reducing your servicing advances, resulting in more monthly cash flow for you. Servbank blends the best of human – and tech-powered service to create excellence with superior performance. Learn more here.
DOWN TO THE ROOTS OF DARA CLAIMS. Dara by Sagent is a unified platform that includes a complete suite of tools for default servicing, and this is where Dara Claims makes a positive impact. It’s the first-of-its-kind tool designed to improve recoverability while reducing risk and cost. Integrating automation and real-time data to simplify the claims process helps reduce manual data entry for servicers, opening up the opportunity to focus on nurturing stronger relationships with homeowners. For a deep dive into all things Dara Claims, read our blog here.
Fannie and Freddie Updates
Given that the lion’s share of mortgages is underwritten to Freddie & Fannie’s guidelines, or are processed to their guidelines, or are sold to them either directly or via a correspondent investor, the changes they make are closely followed.
Fannie Mae posted the March Appraiser Quality Monitoring (AQM) list.
Fannie Mae is taking a phased approach to Uniform Loan Delivery Dataset (ULDD) Phase 5 implementation to allow lenders time to begin providing new and updated values prior to the July 28, 2025, mandate. Refer to its new implementation guide for important transition information.
Freddie Mac Single-Family Seller/Servicer Guide Bulletin 2024-4 announced updates pertaining to Manufactured Home certification requirements as well as other updates that can impact your business and our borrowers.
On April 5, Fannie Mae updated its Selling & Servicing Guide pages to improve the user experience, with enhancements to content navigation and search functionality. These enhancements do not impact the Selling & Servicing Guide content or layout. While the Guide URLs and redirects will remain active until January 2025, bookmarks should be updated as soon as possible after April 5. View Fannie Mae’s Enhancements to Your Selling & Servicing Guide Experience.
Fannie Mae and Freddie Mac (the GSEs) announced the timeline and scope for the Uniform Closing Dataset (UCD) v2.0 Specification updates, and postponed UCD critical edits Phase 4 and 3B requirements.
Capital Markets
Bond yields hit 2024 highs to open the week with inflation in focus as investors continue to walk back interest rate cut expectations in the wake of Friday’s robust March NFP data. As a reminder, March’s jobs report was yet another this year that exceeded economists’ expectations and saw the prior two months of data revised upward. Monthly job gains in the first quarter of 2024 averaged 276,333 compared to last year’s 251,083 monthly average. The continued strength in the labor markets means policy makers at the Federal Reserve have little incentive to lower the target for the fed funds rate.
The robust March payrolls report continues to weigh on bond markets as it means that any change to Fed policy will be likely pushed back to later in the year. The front-end of the yield curve was more reactive to changing rate cut expectations yesterday than the long-end, though rate cut expectations will be a moving target the next couple of days with the release of the March Consumer Price Index on Wednesday and March Producer Price Index on Thursday. CPI will be the most closely watched, and the headline number is expected to tick slightly higher to a 3.4 percent annualized rate compared to the previous report’s 3.2 percent. This would be the highest rate of inflation since December. The core is expected to come in at a 3.7 percent clip, down from 3.8 percent in February.
“Fed speak” lately has been hawkish, and the sentiment for rate cuts seems to be fading fast. Minneapolis Fed President Kashkari last week raised the possibility of rate hikes if inflation doesn’t continue to work its way lower, while Fed Governor Bowman declaring that progress on inflation “has stalled,” and Dallas president Logan added to the malaise when she declared it “much too soon” to think about rate cuts. Gasoline prices rose again in March as OPEC+ producers extended supply cuts, the Middle East conflict threatened to broaden, Ukraine attacked Russian refineries, and U.S. crude production leveled off near a record high. Nothing here points to a near-term rate cut, and investors have decreased their forecasts of Fed rate cuts this year to two as the most likely outcome, their most pessimistic outlook since late October. June fed funds futures now see slightly less than a 50-50 chance of a cut.
Today’s calendar began before the open with the NFIB Small Business Optimism Index for March. Later today brings Redbook same store sales for the week ending April 6, and Treasury auctions that will be headlined by $59 billion 3-year notes. We begin the day with Agency MBS prices better by about .125 and the 10-year yielding 4.39 after closing yesterday at 4.42 percent; the yield curve inversion continues with the 2-year at 4.77.
Employment
Be The Key at Movement! Movement Mortgage’s new Be the Key program empowers loan officers and realtors to serve the Black community. Collectively we are unlocking the doors to homeownership, equity, and generational wealth across the country. Be the Key is part of Movement’s over-arching Grab the Key program, which also includes Grab the Key, Jr. These programs offer consumers and young students educational classes, community events and practical mortgage resources. For more information on these programs and how Movement’s diversity lending initiatives equip loan officers in a unique way, contact Montell Watson or visit grabthekey.com. Be a part of the change. Be the key.
Banner Bank, a top performing and globally recognized financial institution, has a unique opportunity for a VP, Mortgage Servicing Director in Southeast Washington. This part of the country offers breathtaking views of the panoramic wine country, a temperate climate, and some of the best outdoor opportunities in the West. Banner is seeking a visionary expert in Mortgage Loan Servicing with superior knowledge of the technical landscape and outstanding leadership experience. The role is relocation approved. To apply visit, Banner Careers. Resumes should be submitted there, but any questions should be directed to Ken Larsen, EVP & Mortgage Banking Director.
Canopy Mortgage is making waves nationally, with a rapid influx of high-performing loan officers, averaging one every other day. What’s the draw? It’s their streamlined corporate structure, integrated proprietary technology, unique profit and loss model, and empowering ethos highlighted by Forbes. This growth is fueled by strong relationships and referrals, establishing Canopy as a leader in mortgage lending innovation. Haven’t heard of Canopy yet? Ask around or reach out to Josh Neumarker at 888-696-9076 for a Tech Demo or consultation.
NAN (Nationwide Appraisal Network) is pleased to announce the appointment of William “Bill” Waltenbaugh, SRA, AI-RRS, as its new Chief Appraiser. With a distinguished career spanning over three decades in the property valuation industry, Bill brings a wealth of expertise and leadership to his new role. Bill is eager to collaborate with the NAN team and like-minded professionals to drive innovation and elevate industry standards. His leadership will be invaluable as NAN continues to enhance their services and drive growth. Bill will leverage his extensive experience and deep industry knowledge to advance NAN’s commitment to technology, communication, and accountability. He is deeply passionate about the evolution of the valuation industry, with a keen focus on product development and modernization. His appointment as Chief Appraiser underscores NAN’s commitment to excellence and innovation in the property valuation industry. NAN looks forward to continued success and growth under his leadership.
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Source: mortgagenewsdaily.com
The allure of wide-open spaces meets the convenience of urban living, making Texas an ideal destination for renters seeking the best of both worlds. From the historic charm of San Antonio to the bustling energy of Houston, Texas offers a living experience tailored to a variety of lifestyles and preferences. This ApartmentGuide article will guide you through the pros and cons of living in Texas providing you with insight on what to expect.
Texas offers a diverse array of landscapes, spanning from the desert vistas of Big Bend National Park to the verdant Piney Woods. This rich variety facilitates an extensive range of outdoor pursuits, including hiking, biking, and camping, ensuring that residents are continually presented with fresh adventures to embark upon.
Texas is prone to various natural disasters, including hurricanes, tornadoes, flooding, wildfires, and severe thunderstorms. The state’s large size and diverse geography contribute to its susceptibility to a wide range of natural hazards throughout the year. Coastal areas are particularly vulnerable to hurricanes and tropical storms, while inland regions may experience tornadoes, flooding from heavy rainfall, and wildfires during periods of drought and extreme heat.
Texas is home to a robust economy, especially in industries such as technology, energy, and healthcare. Cities like Austin and Houston are hubs for innovation and employment, attracting people from all over with the promise of opportunity. Additionally, Texas’ favorable business climate and low taxes further contribute to its economic vitality, fostering entrepreneurship and investment across diverse sectors.
With its vast size and growing population, Texas faces significant traffic congestion, especially in major urban areas like Dallas. Commuting can be time-consuming, impacting residents’ daily routines and overall quality of life. For example, during rush hours, highways such as Interstate 35 in Austin and Interstate 635 in Dallas often experience gridlock, leading to delays and frustration for drivers.
One of the financial benefits of living in Texas is the absence of a state income tax. This can lead to significant savings for residents, allowing them to allocate more of their earnings towards savings, investments, or spending on leisure and necessities. Moreover, the absence of state income tax enhances the state’s appeal to businesses and entrepreneurs.
While Texas does not have a state income tax, it compensates with relatively high property taxes. In fact, the property taxes are the seventh-highest in the U.S. This can be a significant burden for homeowners, affecting affordability and the overall cost of living in the state. However, it’s worth noting that property tax rates and assessments vary by location, with some areas experiencing higher rates than others.
Texas has a rich cultural heritage, with influences from Mexican, Native American, and cowboy cultures deeply ingrained in its identity. This diversity is celebrated through various festivals, culinary experiences, and artistic expressions, providing a vibrant cultural scene for residents to enjoy. For instance, events like the Houston Livestock Show and Rodeo, the Texas State Fair, and San Antonio’s Fiesta showcase the state’s cultural richness.
In many parts of Texas, public transportation options are limited, making it difficult for those without personal vehicles to navigate. This can be particularly challenging in sprawling cities and rural areas, limiting accessibility and mobility for residents. For example, cities like Houston have extensive highway systems but the transit score is 36, making the city car-dependent.
Texas is famous for its barbecue, Tex-Mex cuisine, and diverse culinary offerings, reflecting its multicultural heritage. Cities like San Antonio and Houston are renowned for their food scenes, offering everything from street food to high-end dining experiences. For example, San Antonio’s River Walk is lined with restaurants serving traditional Tex-Mex dishes like enchiladas and tacos, while Houston’s Chinatown boasts authentic Chinese cuisine and food markets.
Some Texas cities, particularly those with heavy industrial activity, face challenges with air quality. This can impact health and wellness, especially for individuals with respiratory conditions, and is a concern for environmental sustainability. For instance, cities like Dallas have experienced issues with air pollution due to emissions from industrial facilities, traffic congestion, and geographical factors such as weather patterns and topography.
Texas offers an affordable cost of living, with reasonable housing prices in many areas. The median sale price in Corpus Christi, a coastal city in southern Texas, is $280,000, whereas rent for a one-bedroom is $985. This affordability, combined with the strong job market, makes Texas an attractive place for relocation.
Texas experiences high temperatures and heatwaves, particularly during the summer months, with temperatures often soaring well above 100 degrees Fahrenheit. These extreme heat conditions can lead to discomfort, heat-related illnesses, and increased energy costs for cooling, posing challenges for residents and businesses alike.
Methodology : The population data is from the United States Census Bureau, walkable cities are from Walk Score, and rental data is from ApartmentGuide
Source: apartmentguide.com
Wrightson’s analysis of Fed financial statements revealed that from January 1 to January 24—just before the rate hike took effect—the BTFP saw a substantial $38.6 billion increase in usage, rising from a year-end level of $129.2 billion. Wrightson ICAP economist Lou Crandall explained: “Banks in many districts found the concessionary terms of the program too … [Read more…]
Renters are drawn to Texas cities for their diverse neighborhoods, thriving job markets, and cultural experiences that range from live music to the Space Center. This ApartmentGuide article dives into the essence of living in Texas’ most prominent cities, where the energy of Houston’s sprawling metropolis meets the innovative and eclectic spirit of Austin. Here are the major cities in Texas to consider moving to.
Population: 2,304,580
Average rent for a one-bedroom apartment: $1,256
Average rent for a two-bedroom apartment: $1,574
Houston, TX apartments for rent
Houston, TX homes for sale
Living in Houston offers a mix of cultural activities, from its renowned food scene to the Space Center. The city’s diverse neighborhoods offer something for everyone, with plenty of green spaces and a bustling downtown area. Houston’s economy is robust, with a strong presence in the energy sector, making it an attractive place for career opportunities.
Population: 1,434,625
Average rent for a one-bedroom apartment: $1,081
Average rent for a two-bedroom apartment: $1,357
San Antonio, TX apartments for rent
San Antonio, TX homes for sale
San Antonio is known for its history, exemplified by the Alamo and the colorful River Walk. The city blends cultural heritage with modern attractions, offering residents and visitors a unique experience. Its friendly atmosphere and strong community spirit make it a welcoming place to call home.
Population: 1,304,379
Average rent for a one-bedroom apartment: $1,389
Average rent for a two-bedroom apartment: $1,924
Dallas, TX apartments for rent
Dallas, TX homes for sale
Dallas is a dynamic city that offers a mix of modern urban living and traditional Southern charm. The city is a major hub for art, culture, and commerce, with a thriving job market. The metro area is home to over 40 colleges and universities, including UT Dallas and Southern Methodist University. Dallas’s diverse neighborhoods and excellent educational institutions make it an ideal place for renters.
Population: 961,855
Average rent for a one-bedroom apartment: $1,434
Average rent for a two-bedroom apartment: $1,763
Austin, TX apartments for rent
Austin, TX homes for sale
Austin is celebrated for its live music scene, outdoor activities, and vibrant nightlife. Known as the “Live Music Capital of the World,” it hosts numerous festivals and events. The University of Texas at Austin’s 50,000 students add to the youthful energy here. The city’s tech industry boom has attracted a diverse population, making it a melting pot of culture and innovation.
Population: 918,915
Average rent for a one-bedroom apartment: $1,395
Average rent for a two-bedroom apartment: $1,724
Fort Worth, TX apartments for rent
Fort Worth, TX homes for sale
Fort Worth offers a unique blend of Texas heritage and modern city life. Known for its rodeos, cattle industry, and rich arts scene, it provides a distinct cultural experience. A number of large corporations such as American Airlines and AT&T have a major presence. The city’s growth in business and education makes it an attractive place for new residents.
Population: 678,815
Average rent for a one-bedroom apartment: $906
Average rent for a two-bedroom apartment: $1,195
El Paso, TX apartments for rent
El Paso, TX homes for sale
El Paso stands out for its beautiful desert landscapes and rich cultural heritage. The city offers a relaxed living environment with a low cost of living. El Paso celebrates its history and culture with annual events such as Viva! El Paso and the Amigo Airsho. Its strong sense of community and cross-border culture with Mexico create a unique blend of traditions and cuisines.
Population: 394,266
Average rent for a one-bedroom apartment: $1,145
Average rent for a two-bedroom apartment: $1,505
Arlington, TX apartments for rent
Arlington, TX homes for sale
Arlington is a hub for sports and entertainment. Residents enjoy visiting Six Flags Over Texas and seeing the Texas Rangers play at Globe Life Field. The city’s thriving economy and excellent schools make it a great place for renters. Arlington’s central location provides easy access to the larger DFW metroplex.
Population: 317,863
Average rent for a one-bedroom apartment: $1,070
Average rent for a two-bedroom apartment: $1,210
Corpus Christi, TX apartments for rent
Corpus Christi, TX homes for sale
Corpus Christi is known for its beautiful Gulf Coast beaches, making it a paradise for water enthusiasts. It also has a strong marine presence at the Naval Air Station Corpus Christi. The city offers a relaxed lifestyle with a strong coastal culture. Its affordable living and scenic beauty make it an attractive place for residents.
Population: 285,494
Average rent for a one-bedroom apartment: $1,581
Average rent for a two-bedroom apartment: $2,079
Plano, TX apartments for rent
Plano, TX homes for sale
Plano is a thriving city known for its excellent schools, high-quality living, and lively community. The city boasts a strong job market, particularly in technology and finance – two of the top employers are JPMorgan Chase and Capital One. Numerous corporations are headquartered here, including Toyota North America, Frito-Lay, and JCPenny. Plano’s parks, recreational facilities, and shopping centers offer a high quality of life for its residents.
Population: 255,205
Average rent for a one-bedroom apartment: $1,173
Average rent for a two-bedroom apartment: $1,422
Laredo, TX apartments for rent
Laredo, TX homes for sale
Laredo’s unique position as a border city offers a cultural exchange and vivacious community life. Laredo’s festivals and community events celebrate its diverse heritage and tight-knit community. Washington’s Birthday Celebration is a highlight each January honoring the founding father and featuring balls, parades, pageants, and the Jalepeno festival. The city’s economy is bolstered by trade, making it a key player in international business.
Methodology : The population data was retrieved from the United States Census Bureau for 2021, while the average rental data was sourced from Rent.com in March 2024.
Do you find yourself wondering, “Should I move to Dallas, TX?” As the ninth-largest city in the United States, Dallas offers residents a unique blend of urban sophistication and Southern charm. From its iconic skyline dotted with towering skyscrapers to its thriving arts and culinary scenes, there’s always something new to explore. In this article, we’ll discuss the pros and cons of living in Dallas to help you decide if this city is the right fit for you. Whether you want to be cheering on the Cowboys or exploring the arts district, you’re sure to find something to love. Let’s get started.
Walk Score: 46 | Bike Score: 49 | Transit Score: 39
Median Sale Price: $420,000 | Average Rent for 1-Bedroom Apartment: $1,400
Dallas neighborhoods | houses for rent in Dallas | apartments for rent in Dallas | homes for sale in Dallas
Dallas boasts a rich and diverse culinary scene that caters to food lovers of all kinds. From authentic Texas barbecue to upscale dining experiences, the city is a haven for foodies. Specific neighborhoods, such as Deep Ellum and Bishop Arts District, offer an eclectic mix of restaurants and cafes that serve everything from traditional Tex-Mex to exotic international cuisines. This variety not only enriches the local culture but also provides residents and visitors with an endless array of dining options.
The climate in Dallas can be challenging, especially during the summer months when temperatures frequently soar above 100 degrees Fahrenheit. This intense heat can limit outdoor activities and make daily life uncomfortable without access to air conditioning. The high temperatures also contribute to higher energy bills as residents try to keep their homes cool, impacting the overall cost of living during the peak of summer.
Dallas is known for its robust economy and thriving job market, particularly in sectors such as technology, finance, and healthcare. The city is home to numerous Fortune 500 companies headquarters including AT&T, Tenet Healthcare, and Southwest Airlines. This provides as a wide range of employment opportunities for locals. This economic prosperity attracts individuals from various backgrounds, contributing to the city’s growth and diversity. The presence of such companies also fosters innovation and entrepreneurship within the community.
The city’s rapid growth has led to sprawling suburbs and extensive highway networks. This has resulted in longer commute times and increased traffic congestion. Additionally, urban sprawl contributes to environmental concerns, such as air and water pollution, as well as the loss of natural habitats and green spaces. Despite efforts to promote sustainable development and public transit options, the pervasive urban sprawl in Dallas remains a significant drawback for locals.
Dallas hosts many cultural attractions and a variety of events throughout the year that cater to a wide range of interests. The city is home to world-class museums such as the Dallas Museum of Art and the Perot Museum of Nature and Science, as well as performance venues like the AT&T Performing Arts Center. Annual events like the State Fair of Texas and the Deep Ellum Arts Festival draw large crowds, offering locals and visitors the opportunity to engage with the community.
With a Transit Score of 39, options for public transportation in Dallas is severely lacking compared to other large cities. While Dallas does have a public transportation system, including buses and the DART (Dallas Area Rapid Transit) light rail, it’s often criticized for its limited coverage and inconvenience. This can make it difficult for those without a car to navigate the city efficiently, particularly in the sprawling suburbs.
Dallas is a city with an intense sports culture. The city is home to several major professional teams including the Dallas Cowboys (NFL), Dallas Mavericks (NBA), and Texas Rangers (MLB). This dynamic sports scene fosters a strong sense of community and provides ample entertainment opportunities for residents. The city regularly hosts major sporting events, from regular season games to national championships. These events draw fans from across the country and contribute to the local economy.
In addition to the hot summers, Dallas is susceptible to extreme weather events, including severe thunderstorms, hail, and occasional tornadoes. These events can cause significant damage to property and disrupt daily life, leading to safety concerns for residents. The city has systems in place to manage and respond to these events, but their unpredictability and impact are ongoing challenges for the community.
Dallas offers a wide range of educational opportunities, with numerous highly regarded universities and colleges located within and around the city. Institutions such as Southern Methodist University and the University of Texas at Dallas are known for their research programs and diverse academic offerings. This access to higher education not only benefits students but also attracts businesses seeking employees, further enriching the city’s economic and cultural landscape.
Source: rent.com