Homes With Higher Fire Risk Sell for Nearly $120K More The risk of a house fire isn’t slowing buyers in this market frenzy. The median sale price of homes that have conditions creating a high risk of fire was $550,500 in April, compared to $431,300 for homes with a low risk of fire, according to …
Category: Real Estate Tips
Sep 26
Mortgage Rates Jump Even Higher After Fed Hike
Mortgage Rates Jump Even Higher After Fed Hike After the Federal Reserve raised its key short-term benchmark rate by another three-quarters of a percentage point on Wednesday, the average for the 30-year fixed-rate mortgage climbed to its highest level in 14 years, remaining above 6% and hitting more home buyers’ pocketbooks. It’s the fifth time …
Sep 23
NAR Helps White House Brainstorm Inventory Solutions
NAR Helps White House Brainstorm Inventory Solutions Raising the alarm about the nation’s housing supply crisis, Leslie Rouda Smith, president of the National Association of REALTORS®, told policymakers at a White House meeting Wednesday that the U.S. is short 5.5 million homes to meet the needs of its population—and that’s creating new affordability challenges for …
Sep 22
Existing-Home Sales Slip Again
Existing-Home Sales Slip Again Existing-home sales slipped further in August as economists blame the “housing recession” mostly on higher mortgage rates, though home prices continue rising, according to newly released data from the National Association of REALTORS®. But while existing-home sales, which reflect transactions for single-family homes, townhomes, condos, and co-ops, fell a modest 0.4% …
Sep 22
Builders Aim to Win Buyers Back
Builders Aim to Win Buyers Back Even as demand for new homes fizzles—about a quarter of homebuilders are reducing their prices to attract more buyers as foot traffic falls—single-family construction jumped 3.4% in August, the Commerce Department reported Tuesday. Economists are calling it a “surprising bounce back” after five consecutive months of declines. Still, builder …
Sep 21
Skeptical Over iBuyers, But Still Curious?
Skeptical Over iBuyers, But Still Curious? Sixty-six percent of homeowners recently surveyed say they don’t believe iBuyers yield higher sales prices than traditional sales. However, a nearly equal number say they would consider using an iBuyer due to the flexible options for selling, a new survey from Clever Real Estate finds. The number of iBuyer …
Sep 21
Housing Stock Prompts Remodeling Boom
Housing Stock Prompts Remodeling Boom The median age of a home in the U.S. is 39 years old. The aging housing stock signals a growing remodeling market ahead, according to a new report from the National Association of Home Builders. As homes age, they need repairs or updated components such as appliances. Homeowners may add …
Sep 20
Mentorship Program Helps Agents Discover New Niches
Mentorship Program Helps Agents Discover New Niches As the housing market slows, real estate pros may find it’s a perfect opportunity to explore new niches and expand their business opportunities. They’re finding that NAR Spire, the National Association of REALTORS®’ mentorship program, may provide guidance and encouragement. The program, which kicked off last year, aims …
Sep 19
Mortgage Rates Top 6% for First Time Since 2008
Mortgage Rates Top 6% for First Time Since 2008 The interest rate for the 30-year fixed-rate mortgage crossed a major threshold this week, hitting 6.02%—the first time it has broken 6% since 2008, Freddie Mac reported Thursday. Volatile mortgage rates are sending shockwaves through the housing market and unnerving home buyers who are concerned about …
Sep 16
REALTORS® Are Donating More Money, Time to Charity
REALTORS® Are Donating More Money, Time to Charity REALTORS® are building deep connections within their communities, giving more money and devoting more time to support numerous causes from neighborhood cleanups to fundraising for those in need. Eighty-three percent of the nation’s 1.5 million REALTORS® cite community involvement as an important component of their business plan, …
Sep 15
Buyers Should Shop Around for a Mortgage as Rates Rise
Buyers Should Shop Around for a Mortgage as Rates Rise As mortgage rates surge and remain volatile, it’s becoming increasingly necessary for home buyers to shop around for a loan to find savings. According to Freddie Mac, borrowers potentially could save an average of $1,500 over the life of a loan by gathering one additional rate …
Sep 14
New Jersey home – 62 Bismark Ave, Hamilton NJ. 08610
Listing courtesy of Eilleen Cardone, – Coldwell Banker $239,900 Est. Mortgage $1,655/mo* 2 Beds1 Bath1063 SQ. Ft. Description about this home for sale at 62 Bismark Ave, Hamilton NJ. 08610 This Hamilton bungalow offers great flexibility with its floorplan! Featuring a large living (or combo living/dining) space and kitchen, this 2 bedroom, 1 bath home …
