Housing Market Likely Won’t Cool in Winter While winter may be typically a slow season in real estate, economists predict it isn’t likely to happen this year. Lawrence Yun, chief economist of the National Association of REALTORS®, says “it will be one of the best winter sales years ever.” Low inventories combined with high demand …
Category: Real Estate Tips
Nov 04
Now is a great time to buy or sell a home
Right now, is a great time to buy or sell a home! If you have been thinking about buying or selling, see below why having a real estate agent and licensed mortgage professional can help make the process less challenging! With the help of myself and John Coneys of Freedom Mortgage, (NMLS# 183853 – 610.322.4886) …
Nov 03
Zombies Lurk in Real Estate, Even With Safety Nets in Place
Zombies Lurk in Real Estate, Even With Safety Nets in Place Abandoned foreclosures labeled as “zombies” still haunt some housing markets even as moratoriums to stop home seizures during the pandemic remain in effect. While the number of “zombie foreclosures” has shrunk drastically during the COVID-19 outbreak, some homeowners who may be missing out on …
Nov 03
Super Low Mortgage Rates Sticking Around
Super Low Mortgage Rates Sticking Around © REALTOR® MAGAZINE The 30-year fixed-rate mortgage continued to hover near its all-time low this week, as economists predict that historically low rates will likely remain into 2021. The 30-year fixed-rate mortgage averaged 2.81% this week, up slightly from last week’s 2.80%, which was the lowest ever in …
Nov 02
Ready to Return to the Office?
CommercialCafe, a listing site for commercial real estate, says it registered a record number of website visits—even surpassing pre-pandemic records—as online interest in office space surged in August and September. Google searches are showing the same. Commercial real estate-related terms are nearing pre-pandemic levels, according to Google Trends. Terms such as “office space for rent” …
Nov 02
Patio Heaters Are the ‘New Toilet Paper’
Patio Heaters Are the ‘New Toilet Paper’ Fast Company is calling patio propane heaters the “new toilet paper” of pandemic sales. That’s because heaters are flying off store shelves at record speeds as homeowners look to extend their outdoor spaces amid cooler weather in many locales. The pandemic has prompted greater interest in home outdoor space …
Oct 29
What Will Homes Be Worth in 10 Years?
What Will Homes Be Worth in 10 Years? Homeowners are watching their home values climb significantly this year, and prices are expected to continue to appreciate over the next decade. The National Association of REALTORS® reported that the median existing-home price for all housing types in September was $311,800—a 14.8% increase compared to a year …
Oct 28
Credit and what to expect during the loan process
Credit and what to expect during the loan process Your credit is very important when applying for a mortgage. Follow these tips on what to except and what to avoid. 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 …
Oct 27
Options in Sight for Home Buyers
Options in Sight for Home Buyers Buyers are up against a limited number of homes for sale available on the market. They continue to quickly pounce on whatever is available. The National Association of REALTORS® reported Thursday that existing-home sales in September were up 21% year over year. Home prices jumped 14.8% last month too, averaging …
Oct 27
Mortgage Rates Hit Record Low—Again
Mortgage Rates Hit Record Low—Again © REALTOR® MAGAZINE The 30-year fixed-rate mortgage hit its 11th record of the year this week, averaging 2.80%—the lowest rate ever recorded by Freddie Mac. “Mortgage rates remain very low, providing homeowners who have not already taken advantage of this environment ample opportunity to do so,” says Sam Khater, …
Oct 26
FHA Extends Forbearance Options Until End of Year
FHA Extends Forbearance Options Until End of Year Single-family homeowners with FHA-insured mortgages who are struggling financially amid the pandemic now have through Dec. 31 to submit an initial forbearance request. The U.S. Department of Housing and Urban Development announced this week that it’s extending the deadline, originally set for Oct. 30, for those needing to make an …
Oct 26
Revenue Potential of Parking Lots
Revenue Potential of Parking Lots Large retail parking lots may not traditionally reap profits, but retail landlords these days are finding new ways to turn those large outdoor areas into something that can. Shopping malls and parking garages are opening their space to events such as haunted houses, open-air stores, job fairs, drive-through COVID-19 testing, drive-in movies, …
