November is National Veterans and Military Families Month and also celebrates Veteran's Day. One of ways we like to honor and celebrate our veterans is by sharing the stories of what home and homeownership means to them.
National Hispanic Heritage Month is held each year from September 15 to October 15, celebrating the culture and significant contributions of Hispanic and Latino Americans.
At APM, we use this as an opportunity to learn more about our APM Family and what their history, culture, and heritage means to them.
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Want To Buy a Home Now? Consider These Strategies.
Whether you're a first-time or move-up home buyer, you may be considering postponing a purchase if your area's affected by climbing home prices. Or you may be balking at today's mortgage interest rates (more about those later in this newsletter).
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Spring 2023 Housing Market Update
Spring has sprung, and so have home prices in many areas. A drop in the number of homes for sale has fueled a new round of bidding wars in some regions, and more homes are selling for above their asking prices, even with higher mortgage rates. Homes are selling faster, too, with almost 50% of homes selling within two weeks.
May is Asian American and Pacific Islander Heritage Month, a time for recognizing their significant contributions to the history, culture, and achievements in the United States. (Go here to learn more.)
At APM, we wanted to take this opportunity to learn more about our APM Family and what their history, culture, and heritage means to them.
REACH YOUR GOALS
National Home Prices Keep Falling
Since hitting a peak in June 2022, home prices have fallen by 3% to 5% on average. While this is the second-biggest home price correction since the 1950s, it's still mild when compared to the 26% drop in prices between 2007 and 2012.
At APM, we feel that the best way we can honor the heritage of our APM family members during Black History Month, is by listening and learning from the stories they share.
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Will 2023 Be a Better Year for Buyers?
According to many industry experts, 2023's outlook for home buyers is the best it's been for three years.
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Using a Buydown as an Interest Rate Hack in Today's Market
Interest rate buydowns are becoming increasingly popular as mortgage interest rates remain above 6%.
Here's how a buydown can make your home purchase affordable during the first years of a mortgage's term, or for the life of the loan.
Move-Up Buyers Moonlight as Landlords
In addition to low inventory, the housing market has encountered a newer challenge: rising mortgage rates, which hit 7% recently. This has caused problems for would-be and move-up homebuyers alike.
Part of APM’s duty to its clients is to make sure they have all the information they need to make an informed choice when it comes to their mortgage loan and their dream home. Today, we’re bringing you the story of Isis Frasier, an amazing woman, wife of a veteran, mom, and foster mom, whose experience as a VA loan borrower will help dispel the myth that VA loans are hard to do, require tons of paperwork, and take too long to close.
But first a little about Isis and her family…
It's Military Family Appreciation Month, and we wanted to take this opportunity to highlight our very own #APMFamily who have served our great country and now work to help other military families and veterans realize their dreams of homeownership.
Economy Update September 2022, Elliot Eisenberg
APM Consulting Economist Elliot Einsenberg is here with this month's economic update, and the hot topic is inflation and what the Fed is doing to curb it. The rising costs of food and cars, coupled with continued supply chain shortages, have pushed the Fed to making moves to stop inflation as quickly as possible.
So, what's next for consumers?
Each member of our APM Family comes from a unique background and has a story that’s waiting to be told. From their upbringing to family values, cultural celebrations, and work in the mortgage industry, we’re sharing some of their stories with you in celebration of Hispanic Heritage Month.
August Economic Update with Elliot Eisenberg
The yield curve is currently inverted, which tells economists a lot about the economy and where it's headed. Elliot breaks down what it means, why it matters, and his thoughts on what it means for the near future.
Economic Update with Elliot Eisenberg
Elliot is back with an update to talk about what's going on with interest rates. He talks about inflation expectations compared to released data, and how the markets have responded and will respond going forward. He wraps up with talk about recession - whether he sees one coming or not, and why.
Foreword by CEO Bill Lowman:
As a CEO in the later stages of my career, my desire is to leave behind a legacy of inclusivity and equality, being part of much-needed and long-awaited change for our industry.
“We must give more in order to get more. It is the generous giving of ourselves that produces the generous harvest.” ―Orison Swett Marden
’Tis the season! APM’s annual employee Giving Challenge is underway. From November 30 to December 21, APM departments and branches engage in a friendly battle for the top spot in generosity. Points are awarded for acts of giving, including donating to a food bank or toy drive, participating in a local charity run, sharing pictures and video of fun holiday traditions, or enrolling in our nonprofit entity, APMCares. It’s a fun way to kick off the holiday season and encourage employees to get active and do good in our local communities.
