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Helen Anderson

AIG delivers strong Q1 financial results

American International Group (AIG) has reported net income attributable to AIG common shareholders of $3.9 billion in the first quarter (Q1) of 2021, up from $1.7 billion in the prior year quarter. The Group attributes the significant increase ($4.41 per diluted common share, compared to $1.98) to higher net investment income, stronger equity market performance, and improved general insurance underwriting income. AIG’s general insurance business reported gross written premium (GWP) of $10.7 billion in the three moths ending March 31, 2021 – a 6% increase from the $10.1 billion in…

Helen Anderson

Inman Handbook: Finding success in the short-term rental market

With this summer’s short-term rental market poised to be one of the busiest ever, owners need to be on top of their game. Here’s how investors and independent hosts can succeed With this summer’s short-term rental market poised to be one of the busiest ever, owners need to be on top of their game. Here’s how investors and independent Airbnb hosts can succeed. Property investors rode a wild wave during the pandemic, with the short-term rental market stopping, then restarting, and property prices in many second-home markets soaring. What does…

Helen Anderson

As home prices rise, here’s what buyers can do to land a deal

In this red-hot real estate market, it’s tough for buyers to land a deal. Supply is low, which is pushing prices higher. The median price of an existing home sold in March was $329,100. That’s a 17.2% increase from March 2020. Yet there is some good news. New listings were up for the second week in a row, increasing 40% over last year, which is right when the pandemic hit, according to Realtor.com. More from Invest in You:I want to move to New York after college graduation. Can I afford…

Helen Anderson

Forbearance rate drops for seventh week in a row

2.3 million homeowners still aren’t making their monthly mortgage payments The share of mortgages in forbearance continues to retreat from last summer’s highs, but roughly 2.3 million homeowners are still taking a hiatus from their monthly mortgage payments, according to the latest numbers from the Mortgage Bankers Association (MBA). The MBA’s weekly Forbearance and Call Volume Survey showed the forbearance rate dropping for the seventh week in a row, to 4.5 percent as of April 11, 2021. That’s 18 times higher than the 0.25 percent rate before the pandemic, but…

Helen Anderson

Need inventory? 3 circle-prospecting strategies that’ll get you more listings

If your buyers lost out in a multiple-offer situation or you are looking for more listings, these tactics can tackle those problems while helping you build your database and positioning you as a go-to local expert Andrew Merry via Getty Images Did your buyers lose out in a multiple-offer situation? Are you looking for more listings? These tactics can tackle those problems while helping you build your database and positioning you as a go-to local expert. Circle prospecting is a proven process that can help us grow our business and…

Helen Anderson

Federal officials seek better rules about schools’ indoor air quality

“Significant questions remain regarding effectiveness and the potential impacts on human ,” air quality experts wrote about the equipment schools are buying. WASHINGTON — The Education Department is drafting new guidance about indoor air safety in schools, administration officials said, as a group of scientists, engineers and experts warn that schools have spent hundreds of millions of federal dollars on electronic air cleaning devices that are scientifically unproven and could produce harmful chemical byproducts. At least 250 public schools or school systems and some universities have bought the devices, including…

Helen Anderson

Cracked Memphis bridge may reopen soon but highlights supply chain vulnerabilities

Every barge taken off the shipping route would add about 70 tractor-trailers to the roadways, an expert estimated. But trucks are in short supply. A crack in the Interstate 40 bridge in Memphis, Tennessee, highlights some of the nation’s biggest supply chain vulnerabilities, but engineers are hopeful they may be able to at least reopen shipping on the Mississippi River in the next week to alleviate some of the strain. The Hernando de Soto Bridge, a vital Midwest shipping route that connects Arkansas and Tennessee, has been shut down to…

Helen Anderson

engage.marketing 2021

In 2021, all housing professionals must be focused on the 3 P’s: Process, Profitability and Purchase. PPP may have meant something different in 2020, but this year the 3 P’s are the guiding light to long-term mortgage success and domination. The ratios flipped last year. Strong purchase lenders that historically did 70% purchase business, originated 70% refinance. And while that refi wave continues to drive some unbelievable production numbers – now is the time for mortgage professionals to focus on the purchase business that will be critical to success over…

Helen Anderson

Best Business Ideas for the

Mortgage application volume lost ground again last week, although the decline was small and refinancing volume pulled out a sliver of a gain. The Mortgage Bankers Association (MBA) said its Market Composite Index, a measure of…

Helen Anderson