Could the Rise of Remote Work Spark More Home Sales? The growing trend of working remotely could untether Americans from office spaces in pricey areas and prompt them to buy homes elsewhere. Home sales in the suburbs as well as smaller, less expensive cities could see a boost that continues beyond pre-pandemic levels, The Wall …
Category: News
Jun 05
Where PPP Loan Forgiveness Stands Now
(Update: The U.S. Senate, on the evening of June 3, passed a bill that would give greater flexibility to business owners who have received Paycheck Protection Program loans. The bill, which passed the House last week, would extend to 24 weeks the period of time in which borrowers must use the money to qualify for …
Jun 04
Home Design That Promotes a Healthy Lifestyle
Home Design That Promotes a Healthy Lifestyle Hospital design and the food industry could teach the residential real estate community a lot when it comes to creating healthier space, says Bea Spolidoro, principal at FisherARCHitecture in Pittsburgh. A person’s home can have a physical and psychological health impact, Spolidoro told Forbes.com. Spolidoro says homes can …
Jun 03
Buying a fixer Upper? Purchase and Renovate in one loan!
Buying a fixer Upper? Purchase and Renovate in one loan! Read the graphic below for more info then give me a call! Buying a fixer upper? Call me orJohn Coneys of Freedom Mortgage, to find out how you can purchase AND renovate all in one loan! #RealEstate #Realtor #HomePurchase #RenovationLoan #FreedomFast #PreApp #LetFreedomHelp
Jun 02
Contract Signings Likely Won’t Go Any Lower
Contract Signings Likely Won’t Go Any Lower The COVID-19 pandemic hampered home sales contracts in April, but that will likely mark the low point in pending home sales for the year, according to the National Association of REALTORS®’ latest housing report released on Thursday. April was the second consecutive month of declining pending home sales, as …
Jun 01
30-Year Mortgage Rate Hits New Record Low
30-Year Mortgage Rate Hits New Record Low Borrowing costs fell this week, with the 30-year fixed-rate mortgage setting a new record low for the third time in the last few months. The 30-year fixed-rate mortgage averaged 3.15% this week, the lowest average in Freddie Mac’s records dating back nearly 50 years. “These unprecedented rates have …
May 29
Fannie, Freddie Launch Resources on COVID-19 Relief Options
Fannie, Freddie Launch Resources on COVID-19 Relief Options For those financially impacted by the COVID-19 pandemic, knowing where to look for updates on information about aid programs has proven challenging. But several government agencies have stepped in with resource tools to help homeowners and renters. The latest comes from mortgage financing giants Fannie Mae and …
May 28
Worry About Pandemic Financial Options
Worry About Pandemic Financial Options The Consumer Financial Protection Bureau says it has received a record number of consumer complaints in March and April as consumers grew concerned over their finances at the onset of the global pandemic. In March, CFPB says it received about 36,700 complaints from consumers about financial services providers. In April, …
May 27
Sellers May Need Some Patience
Sellers May Need Some Patience Homeowners trying to sell during the pandemic will likely need some patience and a degree of expectation that the process could take longer. Homes are taking about an average of 15 days more to sell—or about 27% longer—than a year ago, according to realtor.com®’s data reflecting the week ending May …
May 26
Where Home Buyers Find Greater Affordability
Where Home Buyers Find Greater Affordability The number of homes for sale has shrunk since the COVID-19 pandemic began. Some sellers pulled their listings, making it tougher for buyers to find a home and compounding the issue in many markets that were already inventory-starved before the pandemic. Indeed, protections against COVID-19 have exacerbated the housing …
May 22
Sheltering-in-Place Inspires Homeowners to Take on Remodels
Sheltering-in-Place Inspires Homeowners to Take on Remodels Homeowners are prioritizing remodeling projects centered around home offices and master bedrooms during the pandemic, according to a new survey of 1,000 consumers by Houzz, a home renovation and resource site. While consumers put off some remodeling projects when the coronavirus outbreak first began in the U.S., they …
May 21
Check List for Pre-Approval
Check List for Pre-Approval See the check list below for pre approval items you will need to get a mortgage approval offer. Having a checklist of the documents you’ll need when seeking a preapproval can really come in handy. John Coneys of Freedom Mortgage, (NMLS# 183853) can help if you have any questions about the …
