Santa Tours Begin In Broomall PA. On Dec 11 Santa will be paying visits to good boys and girls in Broomall starting Dec. 11. Find out when you can see Santa here. BROOMALL, PA – The Broomall Fire Company’s annual Santa tour is nearly here. Old Saint Nick will start making rounds to good …
Category: News
Dec 03
Stabilizing Mortgage Rates
Stabilizing Mortgage Rates Mortgage rates mostly held steady this week—and homebuyers responded by rushing to lock in rates. The 30-year fixed-rate mortgage averaged 4.81 percent, Freddie Mac reports. “Mortgage rates stabilized the last couple of months as interest rate-sensitive sectors, such as new auto and home sales, have clearly softened the outlook for the economy,” …
Nov 30
Buyers Pull Away From New-Home Market
Buyers Pull Away From New-Home Market Sales of new homes plunged to a more than 2 1/2-year low in October, as all four major regions of the U.S. posted sharp declines, the Commerce Department reported Wednesday. Sales of newly built, single-family homes dropped to a seasonally adjusted annual rate of 544,000 units in October—the lowest …
Nov 29
Home Sellers May Have Tough Road
Home Sellers May Have Tough Road Rising mortgage rates and home prices may prove a bigger thorn to home buyers in 2019 as buying a home gets more expensive in the new year. Meanwhile, as more homeowners list their homes, sellers will face greater competition, possibly increasing the need for concessions. Mortgage rates are forecast …
Nov 28
Credit – What to Expect During the Loan Process
Credit – What to Expect During the Loan Process Good credit is critical when it comes to obtaining the best interest rates and terms on a mortgage. Here are some credit tips when applying for a mortgage. Expect To: Stay current: On existing accounts, one 30 Day notice can cost you Continue to use your …
Nov 27
Townhouse Construction
Townhouse Construction Townhouse construction is outperforming other building sectors, a new analysis from the National Association of Home Builders shows. In the third quarter of this year, townhouses accounted for 33,000 residential construction starts compared to 27,000 in the second quarter of 2017. Construction of townhomes is 24 percent higher than the prior four quarters. …
Nov 26
A Bit Tougher to Get a Brand-New Home
A Bit Tougher to Get a Brand-New Home The rise of housing affordability concerns is sparking a slowdown in new-home construction. Single-family housing starts fell 1.8 percent in October compared to the previous month, the U.S. Commerce Department reported Tuesday. “This month’s decrease in single-family starts isn’t a surprise given the drop in our builder …
Nov 21
Are you a first time home buyer?
Are you a first time home buyer? Here are some of the loan programs we offer for the first time home buyer. Conventional: Minimum credit score:620 5% minimum down payment required Private mortgage insurance (PMI) required if less than 20% down Gift funds allowed VA: 100% home financing – no down payment Minimum credit …
Nov 20
Some Appraisals May Force FHA to Raise Costs
Some Appraisals May Force FHA to Raise Costs Inflated home appraisals are partly responsible for what the Federal Housing Administration expects to be a $14.4 billion loss in mortgage insurance over the next few years—a cost that likely will be passed on to borrowers, according to an agency analysis. If the losses continue, the FHA …
Nov 19
Get ready for Luxury Real Estate to Hit the Auction Block
Get ready for Luxury Real Estate to Hit the Auction Block Real estate auctions have largely been considered an option for unloading foreclosures and distressed homes, but it’s becoming a growing option in the luxury market. The number of multimillion-dollar homes that have sold at auctions in the past year has nearly doubled, CNBC …
Nov 16
Surprise Home Repairs
Surprise Home Repairs In the first year of ownership, 44 percent of homeowners say they experienced an unexpected home repair. And 12 percent said they experienced a surprise repair within their first month of moving in, according to a new NerdWallet survey of about 2,000 U.S. adults. Nearly half—or 48 percent—of surveyed American homeowners say …
Nov 15
Master Bathroom Trends
Master Bathroom Trends Grays, mixed metals, and farmhouse styles are some of the most popular trends for remodelers taking on sprucing up their master bathroom. The 2018 U.S. Houzz Bathroom Trends Study is based on a survey of more than 1,100 homeowners who are planning or recently have completed a master bathroom renovation. Some of …
