More Homeowners Lean on Forbearance An increasing number of homeowners’ mortgages are in forbearance as more owners take advantage of COVID-19 relief assistance from lenders before the end of the year. About 37,000 more mortgages were added to forbearance during the week ending Dec. 15, bringing the total to 2.787 million loans. That represents about …
Category: News
Dec 23
Predictions for the 2021 Rental Market
Predictions for the 2021 Rental Market Many renters have transitioned into homeownership during the pandemic, and rental demand and prices are dropping in major cities like New York and San Francisco, ApartmentList reports. “The pandemic is likely to change the expectations and behaviors of renters for an extended period, as people grew accustomed to conducting …
Dec 23
Credit Tips when applying for a Mortgage
Credit Tips when applying for a Mortgage Check out these six credit tips when applying for a mortgage! 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 goals. #RealEstate #Realtor #HomePurchase #BuyersMarket #FreedomFast #PlymouthMeetingFM
Dec 22
Buyers Show Interest in Smart-Home Tech
Buyers Show Interest in Smart-Home Tech Tout those smart-home features in listings. More than a third of young Americans say they’re more interested in smart-home tech for safety and security, energy efficiency, and entertainment and relaxation since the COVID-19 pandemic, according to a new survey from realtor.com®. Overall, a quarter of Americans say they’re …
Dec 22
Mortgage Rates Continue to Drop
Mortgage Rates Continue to Drop This week marked the 15th record low for mortgage rates this year. The 30-year fixed-rate mortgage dipped further to an average of 2.67%, the lowest rate ever recorded by Freddie Mac, with records dating back to 1971. “The housing market continues to surge higher and support an otherwise stagnant economy that …
Dec 21
Home Flipping Drops Even as Profits Reach New Highs
Home Flipping Drops Even as Profits Reach New Highs Fewer investors are taking on home flips during the pandemic. But many of those who’ve stayed with it are seeing profits rise. The number of home flips dropped again in the third quarter, comprising only 5.1% of all home sales, ATTOM Data Solutions reports. Home flipping …
Dec 21
Timely Home Design Trends for 2021
Timely Home Design Trends for 2021 The stress of 2020 is causing an overhaul in home design. For example, open floor plans are now being considered too open as households seek privacy for work and school while everyone is at home. As a result, home offices are growing in demand in buyers’ home search. Real …
Dec 17
Consumers Say They’d Move if Bosses Continue to Allow Remote Work
Consumers Say They’d Move if Bosses Continue to Allow Remote Work The work-from-home trend may be translating into a need-a-new-home trend. The COVID-19 pandemic has prompted more people to work remotely, and as more people hunker down at home, they’re looking at real estate for a move. Forty-five percent of consumers recently surveyed by Homes.com …
Dec 16
Condo Vs. Single Family Homes
Condo Vs. Single Family Homes Check out these pro’s and con’s when it comes to single family homes versus condominiums. 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 goals. #RealEstate #Realtor #HomePurchase #BuyersMarket #FreedomFast #PlymouthMeetingFM
Dec 15
Record-Low Rates a Lifeline for Delinquent Owners
Record-Low Rates a Lifeline for Delinquent Owners Low mortgage rates may also be helping to keep elevated delinquencies in check, according to a new report from CoreLogic. “Our analysis of CoreLogic public records shows that more than one-half of all home mortgage loans created since the onset of the pandemic have been no-cash-out refinance,” …
