Jersey Shore / Sea Isle Home – 119 80th St Sea Isle City, NJ 08243

Jersey Shore / Sea Isle Home – 119 80th St Sea Isle City, NJ 08243

 

  • 5 Beds
  • 4 Baths
  • 1,972 sqft
    $899,000
    Est. Mortgage $4,290/mo

 

Jersey Shore / Sea Isle Home - 119 80th St Sea Isle City, NJ 08243

Jersey Shore / Sea Isle Home – 119 80th St Sea Isle City, NJ 08243

Description about this home for sale at 119 80th St Sea Isle City, NJ 08243

This three-floor home includes 5 bedrooms and 4 full baths. Find two bedrooms, a bath and laundry area on the first floor, another bedroom on the main floor and two bedrooms with private baths on the third floor. Recently renovated, the main living area features an upscale, unique design. The Quartzite counters, marble backsplash, two GE french door refrigerators (3 ice makers), under-counter Sharp drawer microwave and custom paneled Bosch Dishwasher w/ 3rd rack, surrounded by Weavers Custom kitchen cabinetry, provide modern convenience. Gather family and friends around the stunning Quartzite island seating 10, centerpiece of this kitchen area, or relax in the spacious living room that includes plantation shutters and a gas fireplace. Two lovely decks, off both the front and back of the house, complete the main floor of this home. A landscaped pathway leads to the new very impressive outside shower.

Home Details for this home for sale at 119 80th St Sea Isle City, NJ 08243
  • Condo
  • $456/sqft
  • Lot Size: 5502 sqft
  • Built in 2001
  • 1 Day on Trulia
  • Rooms: Dining Room
  • Heating: Forced Air
  • Heating Fuel: Gas
  • Cooling System: Central
  • Air Conditioning
  • Washer
  • Dryer
  • Refrigerator
  • Microwave
  • Dishwasher
  • Fireplace
  • Ceiling Fan
  • Parking: Attached Garage
  • Garage
  • Parking Spaces: 2
  • Storage
  • Additional Storage
  • Cable Ready
  • Exterior: Wood
  • Porch
  • Deck
  • MLS/Source ID: 201212

 

PLEASE NOTE: Some properties which appear for sale on this website may no longer be available because they are under contract, have sold or are no longer being offered for sale, they may also have updated pricing and conditions. Please Contact Me for more information about    this home for sale at 119 80th St Sea Isle City, NJ 08243 and other Homes for sale in Delaware County PA and the Wilmington Delaware Areas

Anthony DiDonato
ABR, AHWD, RECS, SRES
, SFR
CENTURY 21 All-Elite Inc.

Home for Sale in Delaware County PA Specialist
3900 Edgmont Ave, Brookhaven, PA 19015
Office Number
: (610) 872-1600 Ext. 124
Cell Number: (610) 659-3999 {Smart Phones Click to Call}

Direct Number: (610) 353-5366 {Smart Phones Click to Call}

Fax: (610) 771-4480

Email:
anthony@anthonydidonato.com
Call me for info on this home for sale at 119 80th St Sea Isle City, NJ 08243

Licensed in PA, DE and NJ

Congress Reaches Deal on $2 Trillion Stimulus Deal

Congress Reaches Deal on $2 Trillion Stimulus Deal

Lawmakers and the White House came to an agreement in the wee hours Wednesday morning on a nearly $2 trillion stimulus package intended to boost the economy and rush financial support to businesses and individuals during the COVID-19 outbreak. The package that leaders so far have agreed upon includes a direct, one-time payment of $1,200 to be sent to most adults. It also includes infusing $300 billion in relief toward small businesses, as well as a half-trillion-dollar fund to support companies that may be struggling from mass closures as the nation works to reduce the virus’ spread.

The package includes a provision that the National Association of REALTORS® advocacy team has strongly worked alongside Congress to achieve—an inclusion of unemployment aid that also would apply to independent contractors, a category that traditionally is not included in unemployment laws but one that many real estate professionals fall into.

Under the current proposal, employment insurance will be available to individuals who are furloughed, gig workers, and freelancers. Payments will be increased by $600 per week for four months on top of what states already provide for unemployment compensation. The amount of compensation will vary based upon what the self-employed individual has earned in the past.

A Senate vote is expected by midday Wednesday, followed by a House vote, and then the measure will need to go before the President for a final signature.

“At last we have a deal,” Senate Majority Leader Mitch McConnell (R-Ky.) said at about 1 a.m. in Washington on Wednesday. This “will rush new resources onto the front lines of our nation’s health care fight. And it will inject trillions of dollars in cash into the economy as fast as possible to help American workers, families, small businesses, and industries make it through this disruption and emerge on the other side ready to soar.”

Under the current relief bill, small businesses could be eligible for a Small Business Administration 7(a) loan to use money to go toward mortgage interest, rents, utilities, and payroll costs. A portion of these loans would be forgivable, including payroll costs. NAR worked with the drafters of the legislation to ensure that independent contractors and commission-based income will be eligible for the loans as well as the forgiveness provision, according to NAR’s federal advocacy team. The bills provide a boost in funding to the SBA to help expedite these loans, require little in the way of up-front certification, and also give the administration the authority to temporarily bring additional lenders into the SBA loan program to increase the options for businesses, the advocacy team added.

The legislation also includes a delay in payment of employer payroll taxes. NAR’s advocacy team explains: “All of the payroll taxes of an employer and one-half of the self-employment taxes of a self-employed individual as well as one-half of the estimated taxes of the individual that arise between the effective date of the act and the end of 2020 would not be due to the Treasury Department until December 31, 2021 with the other half due by December 31, 2022, if passed.”

The bill also includes one-time payments of $1,200 to most American adults, which likely will be delivered by early April. It will be based on income reported on 2018 taxes. The amounts will decline based on how much individuals or married couples filing jointly earned (amounts will be gradually decreased beginning with individuals who earn $75,000 or married couples filing jointly who make $150,000). Households will also receive an additional $500 per child. However, individuals earning $99,000 or above and married couples earning $198,000 or more would receive no check.

“If we get this package, we’ll be setting the stage for a good rebound in the second half of the year,” said Larry Kudlow, the White House’s top economic adviser. “This package will undergird workers and families, Main Street, small businesses.”

This marks the third stimulus bill proposed by Congress to respond to the pandemic. Last week, Congress approved a package that mandated greater access to paid sick leave for workers. The legislation also created 100% refundable tax credits designed to provide an offset for small businesses and independent contractors to cover the cost of new paid sick and family leave benefits. Read more about it. Lawmakers have also approved measures to provide free COVID-19 testing and allocate money toward developing a vaccine.

NAR’s federal advocacy team has been working alongside Congress to advocate for real estate professionals on these bills. The association has a FAQ resource page on the latest developments to its advocacy efforts on behalf of real estate professionals as well as a page devoted to the latest developments on key legislation.

Mortgages for medical professionals

Mortgages for medical professionals

 

Check out the photo below for more details:

Mortgages for medical professionals

Mortgages for medical professionals

If you’re a medical professional or know someone who is, call me and John Coneys of Freedom Mortgage,  to find out how we can help in the quest of finding that dream home.

#RealEstate #MedicalProProgram #HomePurchase #CureforCorona #FreedomMortgage #LowMortgageRates #LetFreedomHelp

Sea Isle / Jersey Shore Home – 34 37th St #1D Sea Isle City, NJ 08243

Sea Isle / Jersey Shore Home – 34 37th St #1D Sea Isle City, NJ 08243

 

  • 3 Beds
  • 2 Baths
  • 986 sqft

    $350,000

    $380,000

    Est. Mortgage $1,918/mo

 

Sea Isle / Jersey Shore Home - 34 37th St #1D Sea Isle City, NJ 08243

Sea Isle / Jersey Shore Home – 34 37th St #1D Sea Isle City, NJ 08243

Description about this home for sale at 34 37th St #1D Sea Isle City, NJ 08243

Middle-floor beach block 3 BR Sea Isle City condo. Enormous potential for renovation and personal use or as a rental work-horse. This incredibly priced 3 BR unit in Sea Isle– as a beach block summer home– provides enormous opportunity and has a fantastic potential value.

Home Details for this home for sale at 34 37th St #1D Sea Isle City, NJ 08243
  • Condo
  • $355/sqft
  • Lot Size: 0.25 acres
  • $190/monthly HOA
  • Built in 1981
  • 126 Days on Trulia
  • Heating: Baseboard
  • Cooling System: Central, Wall
  • Air Conditioning
  • Washer
  • Dryer
  • Refrigerator
  • Microwave
  • Parking Spaces: 1
  • Stories: 1
  • Exterior: Wood
  • MLS/Source ID: 190580
Public Records of this home for sale at 34 37th St #1D Sea Isle City, NJ 08243
  • 986 sqft
  • Condo
  • Built in 1981
  • County: Cape May
  • Units: 2
  • Stories: 3 story
  • Land Use Code: Condominium (Residential)
  • SEA ISLE CITY CITY

 

PLEASE NOTE: Some properties which appear for sale on this website may no longer be available because they are under contract, have sold or are no longer being offered for sale, they may also have updated pricing and conditions. Please Contact Me for more information about    this home for sale at 34 37th St #1D Sea Isle City, NJ 08243 and other Homes for sale in Delaware County PA and the Wilmington Delaware Areas

Anthony DiDonato
ABR, AHWD, RECS, SRES
, SFR
CENTURY 21 All-Elite Inc.

Home for Sale in Delaware County PA Specialist
3900 Edgmont Ave, Brookhaven, PA 19015
Office Number
: (610) 872-1600 Ext. 124
Cell Number: (610) 659-3999 {Smart Phones Click to Call}

Direct Number: (610) 353-5366 {Smart Phones Click to Call}

Fax: (610) 771-4480

Email:
anthony@anthonydidonato.com
Call me for info on this home for sale at 34 37th St #1D Sea Isle City, NJ 08243

Licensed in PA, DE and NJ

REALTORS® Step Up in Response to Coronavirus

REALTORS® Step Up Relief Efforts in Response to Coronavirus

While REALTORS® are on the front lines of keeping housing alive and pushing for financial relief during the coronavirus crisis, some also are in the background, fighting against tall odds to deliver food, shelter, and health care to the most vulnerable citizens. Many past Good Neighbors—members recognized by the National Association of REALTORS® for extraordinary community service—have adapted their charities to meet the changing needs of their neighborhoods as the COVID-19 outbreak takes a turn for the worse in the U.S.

Stay-at-home orders in several states, as well as general social distancing guidelines and food shortages, are proving difficult for many charities to maneuver. But Kay Wilson-Bolton, a broker-associate at Century 21 Everest in Santa Paula, Calif., and a 2017 Good Neighbor, remains dedicated to serving the homeless—some of the most at-risk of contracting the virus—through her charity, SPIRIT of Santa Paula. Wilson-Bolton’s organization runs an emergency shelter and a food bank, and it feeds up to 800 people every week. “Critics suggest that [my staff] should stay home and that we should close the shelter,” she says. “Well, the shelter is home for the homeless, and two of my best staff people live there.”

Wilson-Bolton helps to distribute 30,000 pounds of food per month through her charity’s food bank. Last Wednesday, “our hardworking food pantry and food bank volunteers kept over 500 families—1,000-plus people—fed” and away from grocery stores, a potential danger zone for coronavirus because of hordes of shoppers, she says. Wilson-Bolton is safeguarding the shelter by taking people’s temperature before they enter, and she is hoping volunteers can reach more people by delivering meals.

Pam Harrison, a sales associate with RE/MAX Executive in Millersville, Md., and a 2016 Good Neighbor honorable mention, continues supporting the Anne Arundel County Food Bank during this time. The organization, which serves thousands of people a month, is asking for volunteers to order food online and have it shipped to the food bank directly. Since last week, the food bank has collected more than $6,000 in donations to purchase food for vulnerable families. “We have come upon more people in need of help with the closings of local businesses and as closures increase,” Harrison says. “We are also starting a mobile fundraiser in which people can text to donate.”

Sal Dimiceli, a 2017 Good Neighbor and founder of The Time Is Now to Help in Lake Geneva, Wis., says he’s more committed now than ever to the nonprofit he founded, which eases the suffering of people living in poverty. The organization responds to a variety of requests from the poor, including for food, housing, and transportation. For example, Dimiceli’s charity has been called on to provide food to children whose parents had to be quarantined at a local hospital for COVID-19. The charity is also delivering meals to children who normally would have received them at school.

These real estate pros acknowledge the challenges to their charities amid the current environment, and they are searching for ways to keep serving their causes. Jeremy Lichtenstein, a sales associate at RE/MAX Realty Services in Bethesda, Md., and a 2018 Good Neighbor, was told by his organization’s main food supplier that, due to the COVID-19 pandemic, it would not be able to fill this month’s food order for the charity. Lichtenstein, founder of Kids in Need Distributors, feeds more than 2,100 children in the Washington, D.C., area through his organization. With schools now closed, the needs are growing even greater to supply more food. “We found an alternative supplier to provide the food and a fellow nonprofit that could receive and store the order for volunteers to come take it and deliver the food,” Lichtenstein says.

Wilson-Bolton says that some food banks have had to close due to a shortage of supplies, causing more requests for aid to come to her organization. Her message to the public is to stop hoarding goods because, Wilson-Bolton says, it’s hurting charities. “I go to the same store every Tuesday to buy what I need in bulk for [my charity]—12 of this and 12 of that. The store has now limited me to two of everything. I explained why I was buying so much. But I had to drive 10 miles to a different store to get what I needed,” she says. Wilson-Bolton says her charity has been forced to order more supplies at one time than it can afford in order to stay adequately stocked. “Our finances are really taxed,” she adds.

Dale Taylor, a sales associate at RE/MAX 10 in New Lenox, Ill., and a 2019 Good Neighbor, serves South Suburban PADS, a homeless shelter just outside Chicago. Taylor says he’s proud of the way the volunteers and staff have quickly adjusted. SSPADS oversees many overnight homeless shelters in churches and houses of worship during the winter months. As these shelters close to keep crowds of people from congregating during the coronavirus outbreak, SSPADS is placing the homeless in hotels. Taylor says it’s a great strain on their finances. “We continue to work as a team to do the best we can to ensure services continue,” Taylor says.

Copyright NATIONAL ASSOCIATION OF REALTORS®.

Luxury Market Finally Took a Turn…

The fourth quarter of 2019 was a strong one for the luxury housing sector, as million-dollar sales and prices rose, according to the realtor.com® Q4 2019 Luxury report released Wednesday.

Million-dollar sales in the quarter rose 11.4% year over year. The luxury entry point reached $1.27 million, up 2.1% annually, realtor.com® reports. The report is based on the last three months of 2019.

The fourth quarter of 2019 was the only period to reach double-digit sales growth for the luxury housing market, and it also followed three quarters of declines for the sector.

But times are changing. Over the past week, Americans throughout the country are being asked to shelter in place as an outbreak of the COVID-19 pandemic spreads in the U.S.

“A low interest rate environment combined with a flourishing economy and record-setting stock markets pushed luxury sales into the double digits for the first time as 2019 came to an end,” says Danielle Hale, realtor.com®’s chief economist. “Buyers jumped at an opportunity to lock in a low rate, while a build-up of luxury inventory gave buyers plenty of options to choose from compared to entry- and mid-level buyers. However, like the U.S. economy, luxury housing isn’t immune to the impacts, both short and long term, of COVID-19. Many of the gains made in the luxury market in the fourth quarter could be erased as buyers are asked to stay home and sellers hunker down. It’s pretty clear that COVID-19 is going to have far-reaching consequences both in the U.S. and globally; the question that remains is just how much of an impact it will have.”

In the fourth quarter of 2019, the volume of luxury home sales rose in 59 of the 78 luxury markets tracked by realtor.com®. The highest increases were reported in Morris, N.J.; Mecklenburg, N.C.; and San Louis Obispo, Calif. All three metros saw sales growth of at least 72% in the fourth quarter.

California luxury markets were notably strong in the fourth quarter, with million-dollar sales growing by 10% year over year. Of the 18 markets tracked in California by realtor.com® researchers, 13 markets saw annual growth in million-dollar sales. Further, California’s luxury market entry point climbed to $1.97 million. Santa Barbara, Calif., was the fastest-growing luxury market in the nation in the fourth quarter. Home prices in the city reached $2.88 million in the fourth quarter, a 25% increase year over year and a 29% rise in sales annually.

Source:
Copyright NATIONAL ASSOCIATION OF REALTORS®.

Jersey shore / Sea Isle Home – 18 48th St #5 Sea Isle City, NJ 08243

Jersey shore / Sea Isle Home – 18 48th St #5 Sea Isle City, NJ 08243

 

  • 4 Beds
  • 2 Baths
  • 1,600 sqft
    $724,900
    Est. Mortgage $4,253/mo

 

Jersey shore / Sea Isle Home - 18 48th St #5 Sea Isle City, NJ 08243

Jersey shore / Sea Isle Home – 18 48th St #5 Sea Isle City, NJ 08243

Description about this home for sale at 18 48th St #5 Sea Isle City, NJ 08243

Top floor condominium with spectacular views. 4 Bedrooms 2 full baths with a large open living area. Spacious decks and only a few short steps to the beach.

Home Details for this home for sale at 18 48th St #5 Sea Isle City, NJ 08243
  • Condo
  • $453/sqft
  • Lot Size: 5,062 sqft
  • $500/monthly HOA
  • Built in 1990
  • 49 Days on Trulia
  • Rooms: Dining Room
  • Heating: Forced Air
  • Heating Fuel: Gas

 

PLEASE NOTE: Some properties which appear for sale on this website may no longer be available because they are under contract, have sold or are no longer being offered for sale, they may also have updated pricing and conditions. Please Contact Me for more information about    this home for sale at 18 48th St #5 Sea Isle City, NJ 08243 and other Homes for sale in Delaware County PA and the Wilmington Delaware Areas

Anthony DiDonato
ABR, AHWD, RECS, SRES
, SFR
CENTURY 21 All-Elite Inc.

Home for Sale in Delaware County PA Specialist
3900 Edgmont Ave, Brookhaven, PA 19015
Office Number
: (610) 872-1600 Ext. 124
Cell Number: (610) 659-3999 {Smart Phones Click to Call}

Direct Number: (610) 353-5366 {Smart Phones Click to Call}

Fax: (610) 771-4480

Email:
anthony@anthonydidonato.com
Call me for info on this home for sale at 18 48th St #5 Sea Isle City, NJ 08243

Licensed in PA, DE and NJ

Coronavirus Won’t Kill New Construction

Coronavirus Won’t Kill New Construction

Low interest rates and inventory will draw buyers to the market, Lennar Corp.’s executive chairman, Stuart Miller, said on a conference call with industry analysts this week. The home builder, one of the largest in the country, said it was working on new ways for buyers to purchase new homes virtually, such as by leveraging its digital programs and offering drive-through closings. Such closings enable home buyers to sign documents from their car. “Even in the current environment, we are selling homes,” Miller said. “Since the first quarter, new orders continue to be strong.”

Miller acknowledged that in some cities, construction has been halted by local governments due to shelter-in-place restrictions aimed at slowing the spread of COVID-19. But Miller said Lennar has not halted its production yet, and the company will continue to build homes and adapt to the changing environment. He said low mortgage rates could incentivize a rush of new-home buyers once the coronavirus pandemic eases. The company has slowed its land purchases, focusing on reducing its outflow of cash to boost its liquidity and balance sheet position, a statement read on its earnings.

Lennar reported strong first-quarter earnings, totaling $398.5 million compared to $239.9 million in the first quarter of 2019. Its new orders also rose 18% on a year-over-year basis, with 12,376 homes in the first quarter.

Source:
“Lennar Says Homes Are Still Selling Despite Coronavirus,” The Real Deal (March 19, 2020)
Copyright NATIONAL ASSOCIATION OF REALTORS®.

Googled Home Styles

Googled Home Styles

Farmhouse-style home design is the most Googled type of interior decoration in the U.S. Terms related to the design trends draw about 318,950 searches a month, according to data analyzed by the firm SellHouseFast.uk. Though designers recently have called the style overdone, farmhouse still appears to have the public’s affection. The next-highest Googled interior design style—rustic—was a distant second at 190,240 searches a month, the data shows.

Here are the five most popular interior design trends by Google searches, according to SellHouseFast.uk’s analysis:

  1. Farmhouse: 318,950
  2. Rustic: 190,240
  3. Scandinavian: 126,540
  4. Vintage: 124,890
  5. Industrial: 118,100

The least searched interior design style? Directoire, Modernist, and American Colonial, all of which earned just 730 searches a month combined.

Source:
Copyright NATIONAL ASSOCIATION OF REALTORS®.

Jersey Shore / Sea Isle Home 133 67th St #South Sea Isle City, NJ 08243

Jersey Shore / Sea Isle Home 133 67th St #South Sea Isle City, NJ 08243

 

  • 2 Beds
  • 1 Bath
  • 609 sqft
    $420,000
    Est. Mortgage $2,232/mo

 

Jersey Shore / Sea Isle Home 133 67th St #South Sea Isle City, NJ 08243

Jersey Shore / Sea Isle Home 133 67th St #South Sea Isle City, NJ 08243

Description about this home for sale at 133 67th St #South Sea Isle City, NJ 08243

See the stars and feel the breezes! Looking for a real beach house – not a “unit” ? This charming cottage is one-story living with front-back condo layout. No one above you or right next to you as you view sunsets on the bay from your extra-long deck! Privacy guaranteed by your own outdoor shower and property’s natural landscaping. Relax on your 2- bedroom and 1 – bathroom – home’s comfortable furniture. Use the ignition gas fireplace to warm-up on winter visits. You’ll be on a great street with few rentals at one of the highest points of the island. No flooding! Conveniently located so you can leave your car parked and ride your bike everywhere! Walk to the beach (2 Blocks) or to the ACME, Sands Dept Store, Uncle Oogie’s Pizzeria, Rick Breakfast Cafe and the CVS:(4 blocks). A few blocks more gets you to Dealy Field’s tennis and basketball courts, skate and hockey park, baseball and soccer fields. Library, church, fishing dock, dog park and inlet are easily accessible. Great investment since you own the land, or continue renting to the one and only tenant who ever signed a lease. This home received $18,000 for the 2019 summer season.

Home Details for this home for sale at 133 67th St #South Sea Isle City, NJ 08243
  • Condo
  • $690/sqft
  • Built in 1972
  • 130 Days on Trulia
  • Cooling System: Central, Wall
  • Air Conditioning
  • Washer
  • Dryer
  • Refrigerator
  • Microwave
  • Fireplace
  • Ceiling Fan
  • MLS/Source ID: 190452

 

PLEASE NOTE: Some properties which appear for sale on this website may no longer be available because they are under contract, have sold or are no longer being offered for sale, they may also have updated pricing and conditions. Please Contact Me for more information about    this home for sale at 133 67th St #South Sea Isle City, NJ 08243 and other Homes for sale in Delaware County PA and the Wilmington Delaware Areas

Anthony DiDonato
ABR, AHWD, RECS, SRES
, SFR
CENTURY 21 All-Elite Inc.

Home for Sale in Delaware County PA Specialist
3900 Edgmont Ave, Brookhaven, PA 19015
Office Number
: (610) 872-1600 Ext. 124
Cell Number: (610) 659-3999 {Smart Phones Click to Call}

Direct Number: (610) 353-5366 {Smart Phones Click to Call}

Fax: (610) 771-4480

Email:
anthony@anthonydidonato.com
Call me for info on this home for sale at 133 67th St #South Sea Isle City, NJ 08243

Licensed in PA, DE and NJ

Keep Your Phone, Laptop and Car Germ-Free

Keep Your Phone, Laptop and Car Germ-Free

Cell phones and other everyday objects could potentially carry the coronavirus. Washing your hands and disinfecting areas frequently touched are the best strategies for stopping the spread of germs, according to the CDC.

For real estate pros, that also likely means paying careful attention to your laptop, car, and keys (particularly your clients’ keys). Homesnap, a real estate search portal, recently spoke with medical expert Amanda Nemecz to learn the most important strategies for keeping your tech and everyday objects clean.

“Soap and water are one of the most effective weapons in keeping germs and viruses at bay,” Nemecz told Homesnap. “We advise people not to share screens and devices, and to wipe down frequently used items with soap or antibacterial cleaners, especially if others have been in contact with them.”

Homesnap also offers these tips for keeping common objects and surfaces clean daily:

Smartphones: Your smartphone should be disinfected two times per day. To effectively kill a virus or germs on your phone, use a disinfectant solution of at least 55% isopropyl alcohol. “Apple and Google have both confirmed that it is OK to use wipes that contain 70% isopropyl alcohol and it will not damage the phone,” Homesnap notes.

Laptops: Similar to your smartphone, wipe your laptop down two times per day with an antibacterial alcohol wipe (Clorox, Lysol, etc.) of at least 55% isopropyl alcohol, Homesnap advises. To clean the keyboard, lightly dampen a Q-Tip to get in between the keys.

Cars: The main areas to focus on cleaning in a car include door handles, the steering wheel, the shifter, seat belt buckles, and radio controls. You should quickly wipe down these frequently touched surfaces every time you return to your car after being in public. You can do this easily with disinfectant wipes or even soap and water. “Soap and water remains one of the most highly effective solutions to fight viruses and germs regardless if it has antibacterial properties or not,” Homesnap reports.

Keys: Car and house keys should be cleaned with soap and water (for non-electronic keys) or antibacterial wipes once per day. Keep your keys in your pocket or bag when out in public. Similar to washing your hands, wiping down the surface for at least 20 seconds allows the soap time to fully break down the virus or germs.

Source:

Copyright NATIONAL ASSOCIATION OF REALTORS®.

Will Mortgage Rates Stay Low?

Will Mortgage Rates Stay Low?

Just how long mortgage rates will remain at rock-bottom percentages is tough to judge, but don’t be surprised if they do what they did last week and rise again over the next few weeks.

Despite the effects of the coronavirus on already turbulent financial markets and concerns of a recession, mortgage rates will “likely stabilize but remain low for now,” predicts Joel Kan, associate vice president of economic and industry forecasting at the Mortgage Bankers Association.

Last week, the 30-year fixed-rate mortgage rose to 3.36%, after a record low average of 3.29% during the week ending March 5, Freddie Mac reported.

“I was disappointed it went up,” Lawrence Yun, chief economist for the National Association of REALTORS®, told The New York Times. The lower rates can help homeowners lower their monthly payments at a time when some may be out of work due to the outbreak, he continued.

Mortgage rates typically follow those of 10-year Treasury bonds, which have been pushed to record lows over recent weeks. Yet, mortgage rates didn’t follow suit last week.

Could lenders be facing a capacity issue that is preventing rates from going lower? Mortgage brokers reported a slew of customers flocking to refinance their loans after rates sank to record lows. Some lenders said they actually ended up having to charge higher rates just to slow demand.

Nevertheless, mortgage rates remain at “extraordinary levels,” Sam Khater, Freddie Mac’s chief economist, said last week in a statement. A year ago, 30-year rates averaged 4.31%.

The Fed announced in an emergency meeting on Sunday that it would buy up at least $500 billion in U.S. Treasury bonds and $200 billion in government mortgage-backed securities over the coming months. Economists predict this will help support the surge in refinancings and stabilize mortgage-backed securities, which could help mortgage rates then move lower.

“That would stabilize rates and bring them back down lower,” says Danielle Hale, realtor.com®’s chief economist. “They’ll [likely] go back to the low 3% [range]. Might we see rates below 3%? I wouldn’t rule it out.”

Ali Wolf, chief economist at Meyers Research, a national real estate consulting firm, expects rates to fall into the 3.1% to 3.2% range within the next few weeks, but stay within or under the mid-3% range through the rest of the year,

“Today’s low mortgage rates are equivalent, in some cases, to $30,000 off the price of a home” in some of the country’s priciest markets, Wolf told realtor.com®. “Mortgage rates are turning back time on affordability.”

Source:
“As the Coronavirus Spreads, a Question: ‘Will Mortgage Rates Stay Low?’” The New York Times (March 17, 2020) and “The Fed Slashed Interest Rates. Here’s Why Mortgage Rates Likely Won’t Follow Suit,” realtor.com® (March 16, 2020) Copyright NATIONAL ASSOCIATION OF REALTORS®.