CDC’s Eviction Moratorium Is Over: Now What? The national ban on evictions ended on Saturday after a last-minute attempt to extend it by Democratic lawmakers failed in the House. The moratorium was first put in place by the U.S. Centers for Disease Control and Prevention in September 2020—an action that allowed tenants to miss their rental …
Tag: News
Aug 03
Non-Bank Lenders Gain Popularity
Non-Bank Lenders Gain Popularity Consumers rated mortgage servicers’ customer service higher during the pandemic. Much of that satisfaction, however, is driven by non-bank servicers, which offer more digital solutions for consumers. Traditional banks are starting to lose their edge over non-bank lenders, according to the J.D. Power Mortgage Servicer Satisfaction Study. Bank-affiliated services have …
Aug 03
15-Year Fixed-Rate Mortgages Reach Record Low
15-Year Fixed-Rate Mortgages Reach Record Low Borrowers can still take advantage of some of the lowest mortgage rates of all time. For the fifth consecutive week, the 30-year fixed-rate mortgage has remained below 3%. Also, the 15-year fixed-rate mortgage averaged 2.10% this week, an all-time low, Freddie Mac reported. “As the economy works to …
Aug 02
Rent or Buy?
Rent of Buy? Are you looking to move out and get a place of your own, but cannot decide whether to rent or buy? Many renters can afford to buy a home, but don’t even know it! Check below for more information. With the help of myself and John Coneys of RoundPoint Mortgage, (NMLS# 183853 …
Jul 23
Sales Soar 81% Over Last Year
Sales Soar 81% Over Last Year The multimillion-dollar trophy home has been in hot demand since the pandemic. The number of homes that were sold for more than $1 million has increased by a whopping 81% over the past year, according to a new analysis from Point2 Homes. In the Midwest alone, the volume …
Jul 22
Homes Get Larger While Lots Shrink
Homes Get Larger While Lots Shrink A big backyard may be tougher to find nowadays. Single-family homes are getting larger whereas the lots are getting smaller. The median home size is now about 2,260 square feet—up from 2,170 square feet in 2010. The median lot size, however, on a new home has decreased nearly 18% …
Jul 21
Singles Leave Cities Where They Lost Out on Love
Singles Leave Cities Where They Lost Out on Love If you’re single and ready to mingle, should you also move? Many singles say they moved to a new city or state for a fresh start after ending a romantic relationship, with four out of five relocating, according to a new survey conducted by Cinch …
Jul 21
We’ve Never Seen Prices Appreciate This Fast
We’ve Never Seen Prices Appreciate This Fast Just how wild is the real estate market right now? You don’t hear National Association of REALTORS® Chief Economist Lawrence Yun say this every day: “We’ve never seen price appreciation of this magnitude.” It’s a sobering message in NAR’s latest home sales video, which covers the month of …
Jul 21
Condos Vs. Single Family Homes
Condos Vs. Single Family Homes Looking to purchase a home? Conflicted between buying a condominium or a single-family home? Check out our pros and cons to help you make the best decision! With the help of myself and John Coneys of RoundPoint Mortgage, (NMLS# 183853 – 610.322.4886) we can explore homebuying options to help you …
Jul 20
Rental Prices Broke Records
Rental Prices Broke Records A shortage of homes for sale has forced more prospective buyers to rent. That is driving up prices in the rental market. The U.S. median rental price in June jumped 8.1% compared to a year ago, reaching $1,575, realtor.com® reports. Also, two-bedroom units saw the largest increase in rents at …
Jul 20
Fewer Offers Faced Competition in June
Fewer Offers Faced Competition in June Bidding wars are still more common than a year ago, but economists are starting to notice the competition lessen somewhat. As more housing inventory gradually enters the market, buyers may face some relief from the intense bidding wars that have sent home prices surging in recent months. In …
Jul 19
Minority Homeownership
Minority Homeownership Homeownership has risen nationwide over recent years but remains low for Black and Latino Americans. Those populations have faced increased challenges during the pandemic, with layoffs and furloughs that have exacerbated their inability to purchase homes, according to a new study by United Way of the National Capital Area. But the study finds …
