Super Low Mortgage Rates Sticking Around © REALTOR® MAGAZINE The 30-year fixed-rate mortgage continued to hover near its all-time low this week, as economists predict that historically low rates will likely remain into 2021. The 30-year fixed-rate mortgage averaged 2.81% this week, up slightly from last week’s 2.80%, which was the lowest ever in …
Category: News
Nov 02
Ready to Return to the Office?
CommercialCafe, a listing site for commercial real estate, says it registered a record number of website visits—even surpassing pre-pandemic records—as online interest in office space surged in August and September. Google searches are showing the same. Commercial real estate-related terms are nearing pre-pandemic levels, according to Google Trends. Terms such as “office space for rent” …
Nov 02
Patio Heaters Are the ‘New Toilet Paper’
Patio Heaters Are the ‘New Toilet Paper’ Fast Company is calling patio propane heaters the “new toilet paper” of pandemic sales. That’s because heaters are flying off store shelves at record speeds as homeowners look to extend their outdoor spaces amid cooler weather in many locales. The pandemic has prompted greater interest in home outdoor space …
Oct 29
What Will Homes Be Worth in 10 Years?
What Will Homes Be Worth in 10 Years? Homeowners are watching their home values climb significantly this year, and prices are expected to continue to appreciate over the next decade. The National Association of REALTORS® reported that the median existing-home price for all housing types in September was $311,800—a 14.8% increase compared to a year …
Oct 28
Credit and what to expect during the loan process
Credit and what to expect during the loan process Your credit is very important when applying for a mortgage. Follow these tips on what to except and what to avoid. 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 …
Oct 27
Options in Sight for Home Buyers
Options in Sight for Home Buyers Buyers are up against a limited number of homes for sale available on the market. They continue to quickly pounce on whatever is available. The National Association of REALTORS® reported Thursday that existing-home sales in September were up 21% year over year. Home prices jumped 14.8% last month too, averaging …
Oct 27
Mortgage Rates Hit Record Low—Again
Mortgage Rates Hit Record Low—Again © REALTOR® MAGAZINE The 30-year fixed-rate mortgage hit its 11th record of the year this week, averaging 2.80%—the lowest rate ever recorded by Freddie Mac. “Mortgage rates remain very low, providing homeowners who have not already taken advantage of this environment ample opportunity to do so,” says Sam Khater, …
Oct 26
FHA Extends Forbearance Options Until End of Year
FHA Extends Forbearance Options Until End of Year Single-family homeowners with FHA-insured mortgages who are struggling financially amid the pandemic now have through Dec. 31 to submit an initial forbearance request. The U.S. Department of Housing and Urban Development announced this week that it’s extending the deadline, originally set for Oct. 30, for those needing to make an …
Oct 26
Revenue Potential of Parking Lots
Revenue Potential of Parking Lots Large retail parking lots may not traditionally reap profits, but retail landlords these days are finding new ways to turn those large outdoor areas into something that can. Shopping malls and parking garages are opening their space to events such as haunted houses, open-air stores, job fairs, drive-through COVID-19 testing, drive-in movies, …
Oct 22
Are Low Mortgage Rates to Blame for High Home Prices?
Are Low Mortgage Rates to Blame for High Home Prices? Double-digit price increases for homes are not exactly what most people in real estate predicted to occur in a recession. But could low mortgage rates—the 30-year fixed-rate mortgage hit a record-low average of 2.81% last week—be partially to blame? “The combination of what could …
Oct 21
How Much Can I Afford?
How much can you afford? Well that all depends on your Debt-to-income ratio, your credit score and your down payment requirements. These factors are crucial to know when exploring the 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 …
Oct 20
Body Language Rules When You’re Wearing a Mask
Body Language Rules When You’re Wearing a Mask It’s harder to show your personality when half your face is covered. Masks can conceal your expressions, muffle your speech, and create misunderstandings between you and those you’re talking to. But masks are essential when meeting with clients. “I felt muzzled,” Learka Bosnak, a sales associate with …
