Dec 06
Broomall PA Santa Claus Fire TruckTour 2013 Sunday, December 15th Starting at Noon All streets North of West Chester Pike. All streets in the borders of West Chester Pike, Springfield Rd & Lawrence Rd. Not including Lawrence Rd cul-de-sacs (Cyprus, Susses, Rose, Woodside) Tuesday, December 17th Starting at 5:15PM All streets in the borders of …
Dec 05
Study: Professional Photos of Listings Boosts Sales Professionally photographed homes tend to sell for more money and sell faster than homes listed with point-and-shoot cameras, according to a new study by the real estate brokerage Redfin. The study found that homes priced between $200,000 and $1 million sold for an average of $3,400 to $11,200 …
Dec 04
Falling New-Home Sales Spark Worry Dropping sales volumes in new-home construction has home builders worried about a possibly dismal spring looming in 2014. “There’s some nervousness about the spring selling season,” says Jody Kahn, a senior vice president at John Burns Real Estate Consulting. “That’s partly because they’re worried [that] the lack of urgency from …
Dec 03
Trouble Ahead on Home Equity Loans? Mortgage delinquencies are on the rise for home equity lines of credit that were taken out during the housing bubble, as well as others that are reaching the 10-year mark, Equifax data shows. In most cases, after these loans hit the 10-year mark, borrowers must start paying not …
Nov 25
Fears Brew Over Mortgage Fraud in Jumbo Loans The growing popularity of jumbo loans is increasing the potential for mortgage fraud with these high-priced loans, according to Interthinx in its latest mortgage fraud risk report. In recent months, jumbo rates, in some cases, have been lower than conforming rates, leading to them grow in …
Nov 22
Home Buyers Plan to Make a Move This Winter Home buyers who weren’t successful this summer at finding a home due to limited inventories and competition from all-cash offers are looking to retry their luck in the winter, according to realtor.com®’s Winter Home Buyer Report. “This summer and spring, home-buying season was particularly …
Nov 21
Home Remodeling Posts Strongest Growth in Years Home remodeling is posting a strong recovery as more home owners regain equity and look to spruce up their homes. “In the near term, homeowner spending on improvements is expected to see its strongest growth since the height of the housing boom,” says Kermit Baker, director of …
Nov 20
5 Lenders Boasting Highest Customer Satisfaction Customer satisfaction with mortgage lenders reached a seven-year high this year, according to J.D. Power’s 2013 U.S. Primary Mortgage Origination Satisfaction Study. The study measures customer satisfaction in four key areas: application/approval process, loan representative, closing, and contact. “As refinancing volumes are on the decline, consumers contemplating purchasing a …
Nov 19
Census: Big Cities’ Home Values Fared Worse in Recession The largest metros in the country saw some of the most significant declines in median home values following The Great Recession, according to a newly released Census report. The report shows that 43 of the 40 largest counties posted significant declines in median home values …
Nov 19
Home Repossessions Fall as Investors Step in. The number of foreclosures and repossessions by banks is dropping, and investors may be the ones driving the decrease. Investors are increasingly buying up properties when they go on sale at public auction, according to RealtyTrac. With an improving housing market, “investors are back in the …
Nov 18
Another Sign Foreclosure Crisis Is Evaporating? Mortgage delinquency rates fell in the third quarter, marking it the seventh consecutive quarter for such a decrease, according to TransUnion data. Mortgage delinquencies of at least 60 days dropped 4.09 percent in the third quarter, following a 4.32 percent drop in the second quarter. A year ago, …
Nov 18
Mortgage Rates Move Higher Again Fixed-rate mortgages are on their way up this week for the second consecutive week, with the 30-year fixed-rate mortgage reaching its highest level since Sept. 19 when it averaged 4.50 percent, Freddie Mac reports. “Fixed mortgage rates increased this week following stronger than expected economic data releases,” says Frank …
