What Real Estate Has to Be Grateful For in 2020 No doubt, 2020 has been a uniquely challenging year. With unemployment still above pre-pandemic levels, the country coming to terms with longstanding racial inequities, Americans worrying about natural disasters and coming off a contentious national election, and the COVID-19 pandemic still raging, people are searching for reasons to feel gratitude this Thanksgiving. The …
Category: News
Nov 30
Top New-Home Markets
Top New-Home Markets More buyers are being drawn to new-home construction during the pandemic. Construction of single-family homes last month soared to the highest level since the spring of 2007. New-home construction is up 8.6% from a year ago, the Commerce Department reported last week. The top performing new-home markets in October were Raleigh. N.C.; …
Nov 30
Americans Plan Move to Reduce Costs
Americans Plan Move to Reduce Costs Nearly half of more than 2,000 Americans recently surveyed say they plan to move soon to reduce living expenses, according to a new survey from LendingTree. Forty-six percent of respondents say they plan to relocate within the next year. The pandemic has motivated more Americans to consider a move. …
Nov 25
Pre-Approval Puts you in control
Pre-Approval Puts you in control Becoming preapproved early is important so we can be sure to show you homes within your budget and goals. With the help of myself and John Coneys of Freedom Mortgage, (NMLS# 183853 – 610.322.4886) you’ll have the information and confidence in your home buying decisions. #RealEstate #Realtor #HomePurchase #BuyersMarket #FreedomFast …
Nov 24
Home Sales Are Up 27% From a Year Ago
Home Sales Are Up 27% From a Year Ago For the fifth consecutive month, existing-home sales continued to be resilient in the face of the pandemic, climbing nearly 27% compared to a year ago, the National Association of REALTORS® reported Thursday. Also reported this week, construction of single-family homes soared to the highest pace since …
Nov 24
‘Essential Service’ Battle Is Back
‘Essential Service’ Battle Is Back Concerns in the real estate industry are mounting as more states move toward tougher coronavirus restrictions—including lockdowns in New Mexico and Oregon. As COVID-19 cases surge to a record high nationwide, at issue is whether states will deem real estate an essential service if they reinstitute mandatory stay-at-home orders. New …
Nov 23
Foreclosure Filings Are on the Rise
Foreclosure Filings Are on the Rise Foreclosure filings in October climbed 20% compared to September’s figures as the pandemic remains a threat to homeownership for some Americans and to the economy, ATTOM Data Solutions, a real estate research firm, reports. Foreclosure filings include default notices, scheduled auctions, or bank repossessions. “It’s a little surprising to …
Nov 23
More Buyers Want Space for Mom and Dad
More Buyers Want Space for Mom and Dad As the pandemic continues, more home buyers are looking for properties that can house their older family members. The goal for these buyers is to keep their aging family members out of senior living—particularly group setting facilities, which have been on heightened alert during the COVID-19 …
Nov 20
News of COVID-19 Vaccine Lifts Mortgage Rates
News of COVID-19 Vaccine Lifts Mortgage Rates © REALTOR® MAGAZINE The interest rate for a 30-year fixed-rate mortgage rose to a 2.84% average this week but remains near all-time lows. Last week, the rate for a 30-year fixed-rate mortgage set a record low of 2.78%. “Mortgage rates jumped this week as a result …
Nov 19
Where Renters Are Lagging on Payments
Where Renters Are Lagging on Payments Amid the coronavirus pandemic, nearly one in six renters are late on their payments, according to a LendingTree analysis reflecting data from late September to early October. Further, more than one in four renters say they have no confidence or are only slightly confident in being able to make …
Nov 18
Credit tips when Applying for Mortgage
Credit tips when Applying for Mortgage Buying a home is easy when you have great credit! Follow these six credit tips to help ensure you have a smooth mortgage experience. 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 …
Nov 17
Pause During COVID-19 Surge, Election
Pause During COVID-19 Surge, Election Home shopping was down last week as the nation focused its attention on a heated presidential election and a surging number of coronavirus cases across the country, realtor.com® reports in its Weekly Housing Report. Mortgage demand from home buyers dropped to the lowest level in six months, the Mortgage Bankers …
