Inventory Issues Block Foreign Investors Worsening housing affordability and stubborn inventory shortages are not only pushing more Americans out of the real estate market but also blocking many foreign investors from purchasing homes in the U.S., according to the National Association of REALTORS®’ newly released 2022 Profile of International Transactions in U.S. Residential Real Estate. …
Tag: Anthony DiDonato
Aug 30
Volatility in Mortgage Rates as Recession Fears Grow
Volatility in Mortgage Rates as Recession Fears Grow Mortgage rates are showing volatility as the economy slows and recession fears take center stage. The 30-year fixed-rate mortgage rose to an average of 5.51% this week, up from 5.3% last week, according to Freddie Mac. Home buyers are facing rising costs across the spectrum. Inflation shot …
Aug 29
Jersey Shore / Sea Isle City Home – 115 & ST #c38-B, Sea Isle City, NJ. 08234
Listing courtesy of John Digenni – BHHS FOX and ROACH-Sea Isle City $1,300,000 Est. Mortgage $7,353/mo*6 Beds3 Baths Description about this home for sale at 115 & ST #c38-B, Sea Isle City, NJ. 08234 2 units being offered together or individually. MLS#222660 and MLS#222661 Fabulous Downtown Location! Are you looking to buy on the island? …
Aug 29
Bolder Fed Inflation Policy May Catapult Mortgage Rates
Bolder Fed Inflation Policy May Catapult Mortgage Rates Inflation rose to a new 40-year high in June and is accelerating even faster than expected, according to data from the Bureau of Labor Statistics’ Consumer Price Index. Consumer prices jumped 9.1% last month and posted an annualized inflation rate of 17%, much higher than economists predicted. …
Aug 29
Convert Renters to Home Buyers
Convert Renters to Home Buyers REALTORS® now have free access to Rental Beast, a software provider with a secure FCRA-compliant online rental application and tenant screening tool. The National Association of REALTORS® announced Tuesday that Rental Beast has become the newest addition to NAR REALTOR Benefits®. “NAR REALTOR Benefits® aims to provide products and services …
Aug 26
Media, PA. / Delco Home – 450 S. Orange St. Media, PA. 19063
Listing courtesy of Dina Holt – Springer Realty Group $399,900 Original price: $439,900 Est. Mortgage $2,553/mo*3 Beds3 Baths1684 Sq. Ft. Description LOCATION, LOCATION, LOCATION. This Charming home is just a few blocks to State Street, Town of Media, and Train Station. Rose-Tree Media School District. Updated corner twin with Hardwood floors throughout. Lovely living room …
Aug 25
Technology REALTORS® Use the Most
Technology REALTORS® Use the Most REALTORS® use multiple technology platforms daily to promote their business and stay connected to clients. While smartphones and email are key tools that facilitate most of those connections, 53% of REALTORS® also use social media apps or GPS features daily, according to the National Association of REALTORS®’ 2022 Member Profile. Typing proves …
Aug 24
Jersey Shore / Sea Isle City Home – 4009 Landis Ave. #2, Sea Isle City, NJ 08243
Listing courtesy of Amy Lombardo – BERKSHIRE HATHAWAY HS FOX & ROACH sic $959,900 Original price: $999,900Est. Mortgage $5,905/mo*3 Beds3 baths1446 Sq. Ft. Description on this home for sale at 4009 Landis Ave. #2, Sea Isle City, NJ 08243 Stunning Townhouse with Views, Views and more Views. This elevator building will deliver you to your …
Aug 24
REALTORS® Expand Income Despite Low Inventory, Fierce Competition
REALTORS® Expand Income Despite Low Inventory, Fierce Competition Fierce competition in the industry didn’t stop REALTORS® from increasing their transaction sides and income over the last year, according to the National Association of REALTORS®’ newly released 2022 Member Profile. The booming housing market has prompted more people to pursue a real estate career, as NAR’s …
Aug 24
It’s the Most Expensive Year to Move Ever
It’s the Most Expensive Year to Move Ever Aside from rising mortgage rates and home prices, buyers are being squeezed by another escalating expense: the growing cost of moving services. This year has become the priciest for hiring movers in the nation’s history, according to a new study from HireAHelper, a moving resource. Some states …
Aug 23
Delaware County / Broomall PA. Home – 506 Warren Blvd, Broomall, PA. 19008 (coming soon)
Listing courtesy of Lavinia Beulah – BHHS Fox & Roach-Media $438,500 Est. Mortgage $2,857/mo*3 Beds2 Baths1570 Sq. Ft. Description about this home for sale at 506 Warren Blvd, Broomall, PA. 19008 Great Split Level home in the poplar Lawrence Park area with 3 Bedrooms, Family Room, and Great Location being close to shopping, schools, and …
Aug 23
Home Buying Is 5% Cheaper Than a Week Ago
Home Buying Is 5% Cheaper Than a Week Ago Mortgage rates are falling—at least for now—after posting rapid jumps in June. Over the last two weeks, the 30-year fixed-rate mortgage has dropped by one-half of a percentage point. Home buying is about 5% more affordable than a week ago, translating to about $100 less in …
