10 Counties With Equity-Rich Properties In the third quarter, 16.7 million residential properties in the U.S., or 28.3% overall, were considered “equity rich,” according to a new report from ATTOM Data Solutions, a real estate research data firm. A property is considered equity rich when the property owner has at least 50% equity in the …
Category: News
Nov 16
How Lenders Rate on Customer Satisfaction During Pandemic
How Lenders Rate on Customer Satisfaction During Pandemic Mortgage rates at all-time lows have helped drive U.S. home sales to a 14-year high. Existing homeowners also are rushing to take advantage, prompting a 200% annual increase in refinancing. Mortgage lenders have faced a hectic business during the pandemic as many systems were quickly forced to go …
Nov 16
Real Estate Stocks Surge on Hopes for a Vaccine
Real Estate Stocks Surge on Hopes for a Vaccine Monday’s announcement of promising COVID-19 vaccine test results prompted investors to get bullish on several real estate stocks, notably within sectors of the market that have faltered during the pandemic. The Wall Street Journal reported as part of Monday’s vaccine news: “The share prices of some …
Nov 12
Jumbo, FHA Mortgage Rates Fall to Record Lows
Jumbo, FHA Mortgage Rates Fall to Record Lows The rates for jumbo and FHA loans dropped to all-time lows last week. Jumbo loans are for borrowers taking out larger loans while FHA loans offer borrowers’ low-down-payment loans. Their new lows fueled mortgage demand last week, the Mortgage Bankers Association reports. The average contract interest rate …
Nov 11
How much home can I afford?
When figuring out how much home you can afford there are three factors to take into consideration: Debt-to-income-ratio, Credit score and Down payment requirements. 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 …
Nov 10
Sellers Stand to Gain More Equity This Winter
Sellers Stand to Gain More Equity This Winter With low housing inventories and high buyer demand, home sellers are expected to continue to command higher home prices this winter—an unseasonable trend in the housing market. “Sellers will have the ball in their court, so to speak, as there are more buyers than sellers,” says Danielle …
Nov 10
The Real Estate Debate Over TV Placement
The Real Estate Debate Over TV Placement Watch your TV placement when staging a home. Real estate professionals faced with the issue are divided over where in the living room a TV should go—or even whether it belongs there at all. Hayley Westoff, a Compass real estate professional, told Apartment Therapy that if the TV …
Nov 09
Could Election Uncertainty Impact Mortgage Rates?
Could Election Uncertainty Impact Mortgage Rates? Mortgage rates hit record lows in 2020, but how will the outcome of this year’s election impact rates? A replay of the post-election increase in 2016 could happen, mortgage experts say. In 2016, the average 30-year fixed-rate mortgage went from 3.47% in October to 4.2% in December. However, once …
Nov 09
Relief May Come Soon on New-Home Prices, Builders Say
Relief May Come Soon on New-Home Prices, Builders Say Rising lumber prices have been pushing up the cost of new homes, but relief could be on the way, according to a new report from Zonda, the research firm formerly known as Meyers Research. Lumber futures are showing signs of falling, say builders recently surveyed by Zonda. …
Nov 05
Housing Market Likely Won’t Cool in Winter
Housing Market Likely Won’t Cool in Winter While winter may be typically a slow season in real estate, economists predict it isn’t likely to happen this year. Lawrence Yun, chief economist of the National Association of REALTORS®, says “it will be one of the best winter sales years ever.” Low inventories combined with high demand …
Nov 04
Now is a great time to buy or sell a home
Right now, is a great time to buy or sell a home! If you have been thinking about buying or selling, see below why having a real estate agent and licensed mortgage professional can help make the process less challenging! With the help of myself and John Coneys of Freedom Mortgage, (NMLS# 183853 – 610.322.4886) …
Nov 03
Zombies Lurk in Real Estate, Even With Safety Nets in Place
Zombies Lurk in Real Estate, Even With Safety Nets in Place Abandoned foreclosures labeled as “zombies” still haunt some housing markets even as moratoriums to stop home seizures during the pandemic remain in effect. While the number of “zombie foreclosures” has shrunk drastically during the COVID-19 outbreak, some homeowners who may be missing out on …
