Does America Need an Urban Renaissance?

$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?

Strategies for Reducing Time to Close

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