Frank Garay

Mortgage & real estate news junkie. Loan Officer Breakfast Club Host. Listing Booster Partner. PreApp1003 Partner. CA Realtor. I tweet real estate news daily.

[Frank Garay @TheFrankGaray]

I'm not trying to be insensitive, but this does make room for others to get an offer accepted, no? https://t.co/2Y1wnSCNsX

[Frank Garay @TheFrankGaray]

Not just HELOC's but cash out refinances will begin to soar as well.

[Mortgage Professional America Magazine @MPAMagazineUS]

Property values across the US have gotten so high that more and more homeowners are taking out home equity loans to tap into their growing housing wealth.

#mortgageinsights #HELOCs #loanvolume

https://t.co/mbInQy6AtO

[Mortgage Professional America Magazine @MPAMagazineUS]

Property values across the US have gotten so high that more and more homeowners are taking out home equity loans to tap into their growing housing wealth.

#mortgageinsights #HELOCs #loanvolume

https://t.co/mbInQy6AtO

[Frank Garay @TheFrankGaray]

Commercial Real Estate Brokers - Click Here to register: https://t.co/HIn0zFBi7d #commercialrealestate #commercialbroker

[Frank Garay @TheFrankGaray]

This is pretty epic if you think about it... https://t.co/Ca0WHXaHr0

[NAR Research @NAR_Research]

New listings are outpacing new contract signings. Based on preliminary data, new contracts signed during the past four weeks decreased by 13.3% on a year-over-year basis while new pending listings were flat from one year ago. https://t.co/qr2y3C6y8H

[Frank Garay @TheFrankGaray]

U.S. mortgage holders saw their collective tappable equity – the amount available to borrow against while retaining at least a 20% equity stake in the home – increase by $1.2 trillion in Q1 2022 alone. https://t.co/pdsESlMadW

[Frank Garay @TheFrankGaray]

If you are a real estate news junkie like me, then you've read Frank's work. Sad day for the industry. https://t.co/M1J8oOLZoP

[Frank Garay @TheFrankGaray]

This is so true. It's my situation for sure. What are your thoughts on it? https://t.co/bKN9t6PnZp

[Frank Garay @TheFrankGaray]

I'm am so crazy curious to see where the market goes. Bubble? No bubble? Slow down? Cool off? At the end of the day, things are changing right now. https://t.co/9QXCpVl71w

[Frank Garay @TheFrankGaray]

I'm not sure I see any of this actually happening. What needs to happen is the cost of building a home needs to come down. This seems like a bunch of fuzzy useless noise to me. Am I wrong? https://t.co/Qsa5WdK1ET

[Frank Garay @TheFrankGaray]

Not only is there no homes to buy, but there's no homes to rent. Rent quadrupled from March 2020 to March 2022. Why? Because it could. It's not that homes for sale are in short supply, but housing itself seems to be? https://t.co/fX5Cw2mcSC

[Frank Garay @TheFrankGaray]

These reports are always fun to go over. https://t.co/w4JTa5O7Ay

[Frank Garay @TheFrankGaray]

Here's some good news for the real estate market. https://t.co/CwEImg67Po

[Frank Garay @TheFrankGaray]

Well something needs to be done here. I feel terrible for young first time home buyers right now. Affordability isn't going to get much better anytime soon. https://t.co/JThGTH1CVP

[Frank Garay @TheFrankGaray]

Lord let's hope so!
https://t.co/8tZCq3c6zB

[Frank Garay @TheFrankGaray]

I'm seeing this in my local area too. These are small numbers, but they are there. If there was ever a time to motivate a would-be seller it's now.

[Mike Simonsen 🐉 @mikesimonsen]

Available inventory of homes for sale is rising quickly!

305,000 single family homes on the market, up 4.5% from last week. Inventory climbing much more rapidly than last year.

This week's @AltosResearch real estate thread and video 👇👇

1/6

[Frank Garay @TheFrankGaray]

Great article. Good info for any Realtors and Loan Officers out there. Pass it along and ask for the business. https://t.co/qk81FNpKRA

[Frank Garay @TheFrankGaray]

Anyone else feel a cool breeze blowing?

[The Mortgage Note @TheMortgageNote]

In April, 15% of home sellers dropped their asking prices, a 5.9% YOY increase. https://t.co/Fk5839jybP