Bad Digital Experiences Drive Clients Away Consumers crave digital connection from small businesses, including from real estate firms, a new study finds. The COVID-19 outbreak has sparked a greater reliance on digital and mobile tech to do jobs and complete transactions. Moxtra, a firm that offers digital solutions, recently surveyed 1,500 small business personnel and …
Category: News
Dec 14
Appraisals Commonly Cause Transaction Delays
Appraisals Commonly Cause Transaction Delays The appraisal can be a stressful process and may threaten to derail transactions. Twenty-one percent of REALTORS® say “appraisal issues” delayed their sales contracts in October, according to the most recent REALTORS® Confidence Index. Appraisal issues led to 13% of contracts being terminated. The appraiser evaluates the home’s lot size, …
Dec 14
Outdoor Home Trends That May Gain Steam in 2021
Outdoor Home Trends That May Gain Steam in 2021 Homeowners are enjoying their property’s outdoor space more during the pandemic, and house hunters are paying particular attention to outdoor features as they evaluate homes to purchase. Landscape design firm Tilly Design predicts the top trends for outdoor space in 2021. 1. “Social” front yards. You …
Dec 10
Down Payments Are Up
Down Payments Are Up Faced with more expensive home prices, home buyers are bringing more money to closing. The median down payment on a single-family home and condo purchased in the third quarter increased by nearly 67% compared to a year ago. Median down payments are at the highest level recorded since at least 2000, …
Dec 09
Get on Your Way to Home Ownership
Get on Your Way to Home Ownership Getting started on your path to home ownership means having the right materials ready. See the list below with the materials you need to provide. With the help of myself and John Coneys of Freedom Mortgage, (NMLS# 183853 – 610.322.4886) we can explore homebuying options to help you …
Dec 08
Another Record Low for Mortgage Rates
Another Record Low for Mortgage Rates Mortgage rates are on a continuing streak of record lows. For the fourteenth time this year, the 30-year fixed-rate mortgage averaged its lowest on record: 2.71%, Freddie Mac reports. The previous record low of 2.72% was set just last month. Could home buyers be starting to take the low …
Dec 08
FHFA Extends Foreclosure, to Jan. 31
FHFA Extends Foreclosure, to Jan. 31 The Federal Housing Finance Agency has extended its foreclosure and real estate owned eviction moratoriums for borrowers with Fannie Mae or Freddie Mac-backed mortgages until at least Jan. 31, 2021. The protections were put in place due to the COVID-19 pandemic. This is the fourth time that the FHFA …
Dec 07
Renters Can Afford to Buy a Home
Renters Can Afford to Buy a Home The number of renters who can afford a home has increased over the past two years, but achieving homeownership is still difficult for renters in saving up for a down payment, according to a recent post at the National Association of REALTORS®’ Economists’ Outlook blog. Thirty-eight percent of …
Dec 07
Sellers Cool on Instant Offers as iBuyers Pull Back
Sellers Cool on Instant Offers as iBuyers Pull Back As iBuyers resume operations, they’re finding less sales activity coming their way as the housing market sees booming sales from consumers. Many iBuyers paused home purchases in mid-March as the COVID-19 outbreak began in the U.S. While most reopened over the summer, their sales levels are …
Dec 03
Do Open Houses Still Have a Bright Future?
Do Open Houses Still Have a Bright Future? Technology has changed the way many buyers shop for homes during the pandemic. As social distancing measures remain in place, the in-person open house has been put on hold in many markets. That has prompted some real estate professionals to believe open houses may become a thing …
Dec 02
Road to Freedom
Road to Freedom – Buying a home. Thinking about buying a home? Check out this roadmap from start to finish so you know what to expect during your homebuying process! 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 …
Dec 01
15 Cities With the Lowest Costs of Living
15 Cities With the Lowest Costs of Living With nearly half of Americans planning a move to reduce living expenses, according to a new study, many will be targeting cheaper towns. Move.org researched rent prices, utility costs, gas prices, and internet rates in the 75 largest U.S. cities to find the most affordable areas in …
