Options Available to Owners Affected by Coronavirus Borrowers who are unable to make their monthly mortgage payments due to COVID-19, also known as the coronavirus, have options to postpone payments, according to a new statement released by the Federal Housing Finance Agency. FHFA Director Mark Calabria reminded mortgage servicers this week to offer forbearance options …
Category: Real Estate Tips
Mar 11
A pre-approval puts you in control.
A pre-approval puts you in control. Read the photo below for all the ins and outs of getting a pre-approval then give me a call to set up a meeting. Getting a pre-approval before looking at those dream homes puts you in control. With the help of myself and John Coneys of Freedom Mortgage, we …
Mar 10
Home Buyers Facing Spring Bidding Wars
Home Buyers Facing Spring Bidding Wars With a severely limited supply of homes on the market and the lowest mortgage rates in history, house hunters should expect steep competition this spring. The new coronavirus remains a wild card for the housing market, but if the scare is short-lived, buyers are poised to swoop down in …
Mar 09
Mortgage Rates Hit All-Time Low
Mortgage Rates Hit All-Time Low The 30-year fixed-rate mortgage this week fell to its lowest average on record—3.29%—since Freddie Mac began tracking such data in 1971. And borrowers rushed to lock in. Mortgage applications rose 10% last week compared to a year ago, says Sam Khater, Freddie Mac’s chief economist. “Given these strong indicators in …
Mar 06
Virtual Tours Amid Coronavirus Fears
Virtual Tours Amid Coronavirus Fears Some brokerages are already reporting a significant drop in demand from home buyers and home sellers as fears grow over a COVID-19 outbreak in the U.S. Glenn Kelman, CEO of Redfin, posted in a blog post on Wednesday that following the first U.S. death from the new coronavirus in Seattle, …
Mar 06
Social Media and you.
Social Media and you. If you want to up your social media game, start posting videos. Video outperforms other posts on social media networks and leads to higher engagement, whether on Facebook, Twitter, or Instagram, according to a compilation of studies analyzed by Hootsuite, a social media management platform. Ninety percent of Internet users say …
Mar 05
Are you ready to move?
See all the information we have compiled if you are going to be moving soon in the image below. Are you ready to move? Call John Coneys of Freedom Mortgage, and me to find out more about what we can offer you as a first-time homebuyer. #RealEstate #Realtor #FirstTimeHomeBuyer #ReadytoMove #FreedomFast #PreApp #LetFreedomHelp
Mar 05
Apartment Supply Expected to Increase
Apartment Supply Expected to Increase The apartment sector is expected to have a banner year, with new supply reaching a three-decade high across the country’s 150 largest apartment markets, according to a new report from RealPage, a property management software firm. For this year, the company is predicting 371,000 new units will enter the multifamily …
Mar 03
Home staging updates.
Home staging updates. Home staging and real estate professionals often aim to evoke a calm, restful retreat when prepping a bedroom for showings. After all, that’s the part of the home where owners typically spend seven to eight hours a day. However, designers say the bedroom shouldn’t be completely neutral and devoid of any colors …
Mar 02
Architectural Elements Best Left Untouched
Architectural Elements Best Left Untouched Some items in older homes should not be touched in a remodel, designers warn. Homeowners should hold off on removing certain architectural details because they could be removing some selling points in the process. “Architectural features that give homes distinct character should be left intact,” Patrick Garrett, a broker and …
Feb 28
Foreclosures Are Rising Again
Foreclosures Are Rising Again More vacant foreclosures are appearing in some markets. But while pockets of property distress continue to haunt those areas, economists say there’s no need for panic. Vacant homes in foreclosure limbo—labeled “zombie foreclosures”—rose 3.1% in the first quarter, according to a newly released report from ATTOM Data Solutions, a real estate …
Feb 27
Home owners fear on the houses they buy.
Home owners fear on the houses they buy. Home owners have been leveraging record equity on the homes they have, but many are worrying about their investments. A report from Lending Tree shows that more than 1500 home owners in the USA to see what they feel about home ownership. Most seem to worry about …
