As home prices continue to increase, homeowners are getting richer and richer. About 45% of mortgaged residential properties in the U.S. were considered “equity rich” in the first quarter, up from about 32% a year earlier, according to a new report from ATTOM Data Solutions. Equity rich means that the combined estimated amount of the …
Tag: Real Estate
Apr 01
414 Eldon Drive, Broomall, PA. 19008 – Delco Home
414 Eldon Drive, Broomall, PA. 19008 Listing courtesy of John Jam – KW Greater West Chester $550,000 Est. Mortgage $3,702/mo*3 Beds3 Baths1742 Sq. Ft. Description about this home for sale at 414 Eldon Drive, Broomall, PA. 19008 Welcome to 414 Eldon Drive, nestled in the sought-after Lawrence Park neighborhood. This split-level residence offers an inviting …
Mar 29
2621 Oriole Rd. Broomall, PA. 19008 – Delco Home for sale.
2621 Oriole Rd. Broomall, PA. 19008 – Delco Home for sale. Listing courtesy of Norm Andrews – RE/MAX Preferred – Newtown Square $639,900 Est. Mortgage $4,232/mo*4 Beds3 Baths2204 Sq. Ft. Description about this home for sale at 2621 Oriole Rd. Broomall, PA. 19008 This impressive brick front home has been renovated from top to bottom …
Mar 29
Buyers Resilient Against Rising Rates
Mortgage rates continue to push higher, but home buyers aren’t spooked. Mortgage applications for home purchases moved 5% higher last week compared to the previous week, and buyer competition remains elevated in many markets. Even as costs rise, buyers remain focused on their homeownership aspirations. The 30-year fixed-rate mortgage rose to a 5.30% average last …
Mar 28
Buyers Have Doubled Their Down Payments
With home prices rising, home buyers are bringing higher down payments to make their offers more attractive to sellers. Buyers are offering about twice as much cash for down payments as they did two years ago, according to realtor.com® data. Buyers, on average, offered a $28,000 down payment in the first quarter. In 2020, down …
Mar 28
9400 Roberts Ave, #302, Sea Isle City, NJ. 08243 – Jersey Shore Home.
9400 Roberts Ave, #302, Sea Isle City, NJ. 08243 – Jersey Shore Home. Listing courtesy of Terese A Jones-Anders – RE/MAX PREFERRED SEA ISLE $1,425,000 Est. Mortgage $8,962/mo*3 Beds2 baths1449 Sq. Ft. Description about this home for sale at 9400 Roberts Ave, #302, Sea Isle City, NJ. 08243 – Jersey Shore Home. Experience waterfront living …
Mar 27
25 52nd St. #1, Sea Isle City, NJ. 08243 – jersey shore Vacation home.
25 52nd St. #1, Sea Isle City, NJ. 08243 – jersey shore Vacation home. Listing courtesy of John Mccann – C. A. McCANN & SONS $850,000 Est. Mortgage $5,175/mo*3 Beds2 baths Description about this home for sale at 25 52nd St. #1, Sea Isle City, NJ. 08243 Don’t miss this rare beach block opportunity! Located …
Mar 27
Most Borrowers Don’t Compare Mortgage Rates
Fifty-six percent of home buyers went with the first mortgage rate offer they received, according to a new survey from LendingTree of more than 1,000 homeowners. But nearly half of those who gathered multiple quotes reported that they saved money by doing so—46% of borrowers who shopped around said the first offer they received was …
Mar 26
Fixed-Rate Mortgages Dip but ARMs Rise
The 30-year fixed-rate mortgage fell slightly this week, a temporary retreat after weeks of steady increases. The 30-year fixed-rate mortgage averaged 5.25%, Freddie Mac reports. Rates dropped following the 10-year Treasury yield trend this week. Last week’s average was 5.30%. “Economic uncertainty is causing mortgage rate volatility,” says Sam Khater, Freddie Mac’s chief economist. “As …
Mar 26
8609 Landis Ave #301, Sea Isle City, NJ. 08243 – Jersey Shore Home.
8609 Landis Ave #301, Sea Isle City, NJ. 08243 Listing courtesy of Kathleen Matthews – TI REALTY GROUP $1,099,000 Est. Mortgage $7,122/mo*3 Beds4 Baths Description about this home for sale at 8609 Landis Ave #301, Sea Isle City, NJ. 08243 Welcome home to your beach block condo in the heart of Townsend Inlet! You’ll feel …
Mar 25
107 Cove Road, Broomall, PA. 19008 – Delco Home for sale
107 Cove Road, Broomall, PA. 19008 Listing courtesy of Diane Krause – BHHS Fox & Roach-Haverford $550,000 Est. Mortgage $3,713/mo*3 Beds3 Baths1900 Sq. Ft. Description about this home for sale at 107 Cove Road, Broomall, PA. 19008 Welcome to 107 Cove Road, a meticulously maintained Cape Cod style home nestled in a peaceful cul-de-sac in …
Mar 25
ARMs Can Help You Save, But Carry Risks
The typical home buyer could save $260 per month with an adjustable-rate mortgage over a 30-year fixed-rate mortgage, or more than $15,000 in five years, a new study from Redfin shows. That marks the largest savings since at least 2015. A 5/1 ARM means the interest rate is fixed for the first five years and …
