Mortgage brokers wanted to ring the bell of the NYSE
Remember when Mat Ishbia the CEO of United Wholesale Mortgage, rang the bell to open the New York Stock Exchange? Ishbia recalled that he never dreamed he would do it,but apparently he enjoyed the experience and wants to share it with a few lucky mortgage brokers.
Now the wholesale and purchase mortgage lender in America just announced it launched a contest to bring independent mortgage brokers to ring the bell at the New York Stock Exchange alongside UWM president and CEO, Mat Ishbia in celebration of National Mortgage Brokers Day.
“Independent mortgage brokers are easier, faster and less expensive than any alternative,” said Ishbia.
“We’re bringing some great mortgage brokers to this iconic stage and sharing their stories to educate consumers that mortgage brokers are the best place to get a mortgage, period.”
Independent mortgage brokers can enter by sharing stories about helping borrowers on the submission page at www.UWM.com/NMBD.
Winners will be announced in early July 2021.
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See the moment of shock when the #3 NFL draft pick see how much homes cost
The day after Trey Lance became the No. 3 overall pick in the 2021 NFL draft, he arrived at the San Francisco 49ers' facility for his first in-person meeting with coach Kyle Shanahan.
Lance mentioned that he was going to look for houses to buy later that day.
Shanahan told him to prepare for disappointment.
“Everyone is very upset after the first couple of days and you realize you've got to change what you were looking for,'” said Shanahan of Bay Area housing prices.
Click here to see the moment housingsticker shock shook Lance.
For 49ers rookies, they will arrive in one of the most unique — and expensive — markets in the NFL.
While San Francisco has long ranked among the costliest places to live in the United States, few 49ers actually stay in the city. The team's Santa Clara headquarters are about 45 miles from the city, and even without traffic (good luck), that would be about a 50-minute commute each way. Alas, it doesn't get much cheaper closer to Levi's Stadium.
According to Monica Thomas, an agent at Compass Realty who works closely with the 49ers, the average sales price of a single-family home in Santa Clara County is $1.96 million, which buys a home that is roughly 1,800 square feet. Renting a two-bedroom apartment measuring 900-1,200 square feet averages somewhere between $2,500 and $4,000 per month, depending on amenities and location.
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Fewer people are willing to relocate, even for a dream job
Offering the dream job in the big, fancy city? Expect fewer talented applicants.
The percentage of job seekers who relocated for work fell to 5% in 2020 and 4.2% in the first three months of 2021, according to quarterly surveys of about 3,000 people from outplacement firm Challenger, Gray and Christmas.
That’s down from 5.7% in 2019 and 9.6% in 2018.
Some of that dip might include would-be moves temporarily halted by virus concerns and interim remote-work setups. The numbers could tick
upward as some companies start calling workers, including recent hires who joined virtually, to the office, says Andrew Challenger, a senior vice president at Challenger. But he and other demography and career experts say the pandemic likely accelerated a yearslong trend of falling worker relocations—at least when the boss is the one giving the directive.
“This has been sort of an awakening moment for people,” says Chris Porter, chief demographer at John Burns Real Estate Consulting in Irvine, Calif. “After what we went through last year, I think there might be a resetting of priorities.”
Many Americans have indeed moved during the pandemic—to places their jobs didn’t ask them to go. Untethered from the office, they set out in search of more space and cheaper living costs.
Some landed closer to relatives,or just somewhere they always wanted to be.
Now that they’re there, it might be hard to get them to leave.
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