This spring will likely be another fiercely competitive one for home buyers. Real estate professionals should prepare their house hunters for record low inventories and rapidly rising home prices. “Demand for housing was already strong coming into the year and we don’t see that slowing down with millennials reaching prime home-buying age, and many remote …
Category: News
Feb 04
Climate Events Put Home Buyers On Edge
Climate Events Put Home Buyers On Edge The U.S. received little relief from the occurrence of natural disasters in 2020, which marked the sixth consecutive year with more than 10 weather and climate events that surpassed $1 billion in economic losses, according to CoreLogic’s newly released 2020 Climate Change Catastrophe Report. Many properties in the …
Feb 03
Home buying Journey
Buying a home is a very exciting time so follow these five steps to ensure you have a smooth homebuying experience! With the help of myself and John Coneys of Freedom Mortgage, (NMLS# 183853 – 610.322.4886) we can explore homebuying options to help you meet your goals. #RealEstate #Realtor #HomePurchase #BuyersMarket #FreedomFast #PlymouthMeetingFM
Feb 03
Signings Surge to Highest Rate Ever in December
Signings Surge to Highest Rate Ever in December Pending home sales reached a record high for December last month as the unseasonable housing surge continued in markets across the country during the COVID-19 pandemic. Pending sales were up 21.4% year over year in December, reaching the highest reading for a December on the National …
Feb 02
Lumber, Building Material Costs Press on New-Home Prices
Lumber, Building Material Costs Press on New-Home Prices New-home sales tapered off at the end of 2020 as higher home prices offset some of the strong buyer demand seen earlier in the year. While sales of newly built single-family homes increased 1.6% in December, sales had been much stronger over recent months. New-home sales in …
Feb 02
30-Year Rates Inch Back Down This Week
30-Year Rates Inch Back Down This Week Mortgage rates headed back down this week, continuing to hover near all-time lows. “As the market reacts to a new administration in Washington and COVID-19-driven economic malaise, mortgage rates continued to decrease this week, just slightly,” said Sam Khater, Freddie Mac’s chief economist. Also, the Federal Reserve announced …
Feb 02
Growing Buying Segment May Offer You a New Niche
Growing Buying Segment May Offer You a New Niche Veterans are bullish when it comes to homeownership. A recent survey by Fannie Mae showed a slight decline in overall homebuying confidence among the American population, but among veterans, that confidence is growing. Indeed, 58% of veterans say they plan to buy a home within the …
Jan 27
Rent or Buy?
Rent or Buy? If you are looking for more stability now is a great time to start looking into buying a home! With the help of myself and John Coneys of Freedom Mortgage, (NMLS# 183853 – 610.322.4886) we can explore homebuying options to help you meet your goals. #RealEstate #Realtor #HomePurchase #BuyersMarket #FreedomFast #PlymouthMeetingFM
Jan 26
Indoor House Plants to Consider for Your Staging
Indoor House Plants to Consider for Your Staging Plants can help brighten indoor spaces and may offer other mental and physical health benefits. As such, it’s no surprise indoor plants are one of the favorite accessories of home stagers. Research has linked indoor plants with reduced stress, increased productivity, and improved quality for the home’s …
Jan 26
City Rents Could Spawn Urban Resurgence
City Rents Could Spawn Urban Resurgence Interest in apartments in big cities has waned during the COVID-19 pandemic, while apartments in less dense areas have surged in demand. A new report from realtor.com® shows that major urban markets, such as San Francisco and New York, are posting double-digit price declines for one- and two-bedroom …
Jan 25
FHA Is Backing Mortgages for DACA
FHA Is Backing Mortgages for DACA The Department of Housing and Urban Development announced it is extending eligibility for FHA mortgages to immigrants under the Deferred Action for Childhood Arrivals (DACA) program. DACA recipients—also known as “Dreamers”—who are legally permitted to work in the U.S., are now eligible to apply for FHA-backed mortgages. DACA status …
Jan 25
Some Buyers Going ‘Too Far’ to Win a Bidding War
Some Buyers Going ‘Too Far’ to Win a Bidding War Facing an upsurge in housing demand across the country, many home buyers are finding themselves in bidding wars for the limited inventory on the market. To win, buyers are trying to find ways to entice sellers beyond price—and at times are taking it too …
