Foreclosures Down, 2015 in Review and Visio's Application Goes Digital
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News, Tips and Tricks

Looking Back: What Made a Difference to Real Estate in 2015

Last shutterstock_299050229.jpgyear proved to be an interesting year for investors with several factors that made 2015 a positive step forward. Below we highlight just a few things that changed the face of the market in the last year.

Labor Market Gains: Unemployment dropped to 5% last year, while wages continued to increase, a good sign for the housing market and the overall U.S. economy. With wage growth being crucial to the increase in affordable housing, all signs are pointing to a hopeful 2016.

Increased Household Formation: As household formation more than doubled since 2014, the multi-family industry saw a huge increase in demand, alongside single-family rentals, creating a market prime for real estate investment.

Uptick in Home Sales: The housing market continued to see consistent gains throughout 2015, coinciding with household formations. In fact, existing home sales reached levels not seen since February of 2007.  

While 2015 saw significant gains, many are predicting an even better housing market in 2016. Here's to a prosperous new year.

Foreclosure Inventory & Completed Foreclosures Lowest in Eight Years

shutterstock_60944074_1-416783-edited.jpgAccording to a Jan. 2016 CoreLogic report, foreclosures are at their lowest in the U.S. since 2007. In year-over-year comparisons, completed foreclosures fell to 33,000 nationwide in Nov.2015 down from 41,000 in Nov. 2014, showing an 18.8 percent decline. Foreclosure inventory was also down 21.8 percent compared with Nov. 2014 numbers.

The report also stated that foreclosures have dropped 71.6 percent since their peak of 117,657 in Sept. 2010. The November 2015 foreclosure inventory rate marks the lowest for any month since November 2007.

“After peaking at 3.6% in January 2011, the foreclosure rate currently stands at 1.2% – a remarkable improvement," said Dr. Frank Nothaft, chief economist for CoreLogic. "While there are still pockets of areas with high foreclosure activity, 30 states have foreclosure rates below the national average."

iPad2 Contest Winners

Congratulations to Gary Thomas and Rafael Golden, who both won iPads as part of our December broker sign-up event. The winners were randomly chosen from the nearly 150 brokers who signed up for the Visio Broker Program last month.

Visio approved brokers enjoy up to three points for every full file you send us, and are protected for a full year upon entering our program. Get approved here.

Viewpoints

Visio Website Features Expanded to Include Online App, Chat and Doc Upload

shutterstock_258726044.jpgTo better serve our customers, we’ve unveiled our improved website with online application, chat capabilities and interactive loan selector, which features a full suite of products from short-term flip loans to long-term fully amortized 30-year mortgages.

Having completed more than 3,500 loans since our founding in 2011, we count customer automation and enhanced efficiency as major achievements in 2015, while retaining one-on-one service and quality investor-only loan programs as foundations to our unique lending platform.

jeff_headshot-592712-edited.jpeg“We understand the needs of residential real estate investors,” Jeff Ball, CEO of Visio said. “It’s a combination of the right loan products, low rates, unparalleled customer service and efficient closings. Everything we have done to this point has been to fulfill our promise of fast, simple and dependable investor lending.”

Designed with the customer in mind, the improved Visio website includes new online features that allow borrowers to work with Account Executives both via phone and web, and upload documents directly to our system, saving time in the loan process.

“Our customers’ timelines are far more expedited than the average homeowner,” Ball said. “They need a loan quickly when purchasing a new home or taking cash out of existing properties to build up their rental portfolios or flip more homes each year. We’ve streamlined our process with the goal of a destination website, and we expect to improve not only our technology, but also our customer interaction in tandem throughout the coming year.”

Residential investors can visit our website to view available loan products, including the premier Rental360 long-term landlord loan, which offers rates as low as 6.5% and LTVs up to 75% to qualified borrowers.

The Pulse

November Poll Results: 
Do you think that your personal real estate investment income will increase, decrease or stay the same in 2016?

An astounding 85% of respondents said they felt that their 2016 income would surpass their 2015 income.

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January Poll: How many homes do you plan to buy in 2016?

Cheers to a new year, and an investment plan in 2016. How many homes do you plan to buy this year? Let us know below.

  • 1-3 Homes
  • 4-6 Homes
  • 7-9 Homes
  • 9+ Homes

 

  Take the Poll

 

Visio News

6.5-30-yr--Janfinal-684683-edited.pngRates Drop to As Low As 6.5% on Popular Rental360 Loan

The Rental360 got an update recently with rates now as low as 6.5%, based just on the property and your credit score. Contact us if you're interested in speaking with one our expert account executives about your needs, or if you're ready, apply online today.

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