Buyers Are Paying for a Mortgage Higher mortgage rates and rising home prices are making housing more expensive for homeowners this year compared to last year. In San Jose, Calif., for example, the average homeowner is paying $500 more for monthly mortgage payments than a year ago, jumping from $4,100 to $4,600, according to a …
Category: News
Jul 16
New-Home Construction
New-Home Construction The uptick in new-home construction in some parts of the country is creating a “bonanza” for thieves, CBS 13 in Sacramento, Calif., reports. In Sacramento alone, police have received 26 reports of thefts from new neighborhoods under construction. The thieves are reportedly stealing everything from tools to newly installed appliances inside the homes. …
Jul 13
720-Day Foreclosure Timeline Is Actually an Improvement
720-Day Foreclosure Timeline Is Actually an Improvement Foreclosures can take a long time to process, but they are getting faster. Properties foreclosed in the second quarter took an average of 720 days from the first foreclosure notice to completion. That is down from 883 days a year ago, according to a new report released …
Jul 12
Loan Demand Takes Sudden Leap From Home Buyers
Loan Demand Takes Sudden Leap From Home Buyers The number of homes for sale is growing in some markets and that may be the main factor behind the latest rise in mortgage applications, economists say. Mortgage applications for both home purchases and refinancing increased 2.5 percent last week on a seasonally adjusted basis, the Mortgage …
Jul 11
FHA Loan Limits
FHA Loan Limits Maximum loan limits have increased in select counties! FHA loan limits have changed. This may impact you if you have been pre-approved for a loan amount that exceeds the FHA maximum loan limit. This update is effective for case numbers assigned on or after Jan 1, 2018 through Dec 31, 2018. Call …
Jul 10
Buying a Home Is Becoming More Urgent
Buying a Home Is Becoming More Urgent If your clients are wavering on whether to buy a home, there are several reasons they may want to get more serious about their real estate search, according to MagnifyMoney, a personal finance website. Most importantly, mortgage rates remain historically low—but that isn’t expected to last. They’ve been …
Jul 09
A home for sale at 16 Ann Rd Broomall, PA 19008 in Delaware County
A home for sale at 16 Ann Rd Broomall, PA 19008 in Delaware County 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 16 Ann Rd Broomall, PA 19008 in Delaware …
Jun 27
New-Home Sales Jump to Highest Level of 2018
New-Home Sales Jump to Highest Level of 2018 The month of May saw a record number of new-home purchases. Sales of newly built single-family homes increased 6.7 percent in May to a seasonally adjusted annual rate of 689,000 units, the Commerce Department reported Monday. It marks the highest number of new-home sales of the …
Jun 26
Outdoor Projects That Offer the Most Paybacks
Outdoor Projects That Offer the Most Paybacks Outdoor projects can help boost a home’s value by up to 10 percent, according to a new realtor.com® report. Outdoor showers, barbecue stations, entertainment pools, and fire-pits are the top projects that realtor.com® researchers found with the biggest potential increases to a home’s price. For its research, realtor.com® …
Jun 25
Trump Administration Proposes Privatizing Fannie, Freddie
Trump Administration Proposes Privatizing Fannie, Freddie The Trump administration has proposed ending the government’s long conservator-ship of mortgage financing giants Fannie Mae and Freddie Mac, which was among a sweeping proposal for reorganizing the government unveiled Thursday. Under the proposal, which still requires congressional approval, Fannie Mae and Freddie Mac would be converted to …
Jun 22
HUD Under Fire for Response to Lead Paint Removal
HUD Under Fire for Response to Lead Paint Removal An audit from the Office of the Inspector General shows that the U.S. Department of Housing and Urban Development had inadequate oversight of lead-based paint reporting and remediation in its public housing and Housing Choice Voucher programs. The OIG audit accused HUD of failing to make …
