15 Hottest Housing Markets Right Now As home buyers continue their searches in an active and competitive fall season, the nation’s top-performing markets in October are all affordable alternatives to their nearby big-city counterparts. Topping realtor.com®’s October list was Manchester, N.H., about an hour northwest of Boston. Homes in Manchester are selling in under 24 …
Category: News
Nov 22
Build Back Better Plan Goes to Senate
Build Back Better Plan Goes to Senate The U.S. House of Representatives passed President Joe Biden’s signature Build Back Better plan early Friday by a vote of 220-213. The bill now goes to the Senate for consideration. The roughly $1.75 trillion bill spares real estate investment from the most-feared taxes and includes key NAR priorities …
Nov 22
Buyers With VA Loans Can Better Compete
Buyers With VA Loans Can Better Compete Military families with Veterans Affairs loans are losing out in the competitive housing market. Sellers are showing preference to buyers with more conventional financing or all-cash offers that they believe will offer a faster and smoother closing. Ninety-four percent of real estate professionals surveyed said sellers are most …
Nov 16
Mortgage Rates Dip Back Below 3%
Mortgage Rates Dip Back Below 3% Home buyers and homeowners got another chance this week to lock in historically low rates. The 30-year fixed-rate mortgage averaged 2.98%, Freddie Mac reports. “Despite the re-acceleration of economic growth, the recent bond rally drove mortgage rates down for the second consecutive week,” says Sam Khater, Freddie Mac’s chief …
Nov 16
Buyers Still Must Think Fast, Act Fast
Buyers Still Must Think Fast, Act Fast Home buyers don’t have much time to decide whether they want a house or not. As soon as a listing hits the market, the rush is on. Home sales between July 2020 and June 2021 were on the market for a median of just one week before …
Nov 16
40% of Properties Considered Equity-Rich
40% of Properties Considered Equity-Rich Homeowners are striking gold in real estate. The percentage of financed homes that were equity rich in the third quarter grew to nearly 40%, up from 28.3% a year ago, ATTOM Data Solutions reports. A home is considered equity rich when the combined estimated amount of loan balances on the …
Nov 15
Home Prices Climb
Home Prices Climb Home prices continue to rise rapidly as homeowners see double-digit gains over the past year. The median sales price of single-family existing homes rose 16% in the third quarter, an increase of $50,300, according to the latest quarterly report from the National Association of REALTORS®. Three metros saw price gains of …
Nov 15
Homes Continue to Sell at Record Pace
Homes Continue to Sell at Record Pace Home buyers are still snatching up homes at a quick pace. Homes sold more quickly in October than in any October in recent history, according to realtor.com®’s Monthly Housing Report. The typical home spent just 45 days on the market in October, reaching an eight-month streak of homes …
Nov 15
Will Higher Values Mean Higher Taxes?
Will Higher Values Mean Higher Taxes? As home values rise, some homeowners may want to brace themselves for a potentially shocking property tax bill, housing experts warn. The magnitude and timing will vary. But property taxes are expected to rise by hundreds of dollars in many areas, even in states such as California and …
Nov 11
Credit and what to expect.
Credit and what to expect. Check out these credit tips when applying for a mortgage. With the help of myself and John Coneys of RoundPoint Mortgage, (NMLS# 183853 – 610.322.4886) we can explore homebuying options to help you meet your goals. #RealEstate #Realtor #HomePurchase #BuyersMarket #PlymouthMeetingRP
Nov 10
Cash-Out Refis Surge as Owners Use Equity Gains
Cash-Out Refis Surge as Owners Use Equity Gains With double-digit annual gains fueling homeowner wealth, owners have gotten richer, and they’re starting to take advantage of that added equity. Cash-out refinancing, which allows owners to take out a lump sum from their equity through loans, increased by 33% in October compared to a year …
Nov 09
Unrealistic Expectations of First-Time Home Buyers
Unrealistic Expectations of First-Time Home Buyers A first-time home buyer may need to be educated about the realities of the housing market before they fall in love with a home and then quickly lose out to another bid. To prevent heartache, real estate professionals can have frank conversations with their buyers about the realities of …
