$1.6 Trillion a year. That’s the amount of lost economic output that America loses due to restrictive housing policy. A new paper, “Why Cities Matter: Local Growth and Aggregate Growth” by economists Chang-Tai Hsieh (University of Chicago) and Enrico Moretti (UC Berkeley) has, for the first time, put a dollar figure on the detrimental impacts of restrictive urban … Continue reading Does America Need an Urban Renaissance?
Nationally, the average “time to close” is staying defiantly around the 46-48 day-range. According to National Mortgage News, the average time to close was 46 days, the shortest time in almost a year. Closing times for refinances are taking about 44 days. While somewhat shorter closings are a welcome sign, most lenders still agree that closings take too … Continue reading Strategies for Reducing Time to Close
Who? Wait, who’s Nest Mortgage, you may ask? Well, for now, it’s just me, Beto, and a small team of awesome Texas folks who have dedicated their time to helping me out. Special shout out to Joel Rojo, Israel Matos, and Youssef Chaker for helping contribute their engineering and design chops to Nest Mortgage Why? … Continue reading Why We’re Building Nest Mortgage