Category: Real Estate Tips
Apr 07
5% Mortgage Rates on the Horizon
5% Mortgage Rates on the Horizon Mortgage rates have been rising quickly over the past month. A year ago, the 30-year fixed-rate mortgage was 3.18%. Last week, it averaged 4.67%, according to Freddie Mac. Mortgage rates surged more than 90 basis points in March alone. And 5% mortgage rates may be here sooner than many …
Apr 07
Hope for Weary Buyers
Hope for Weary Buyers As the spring buying season kicks off, many aspiring home buyers may find themselves priced out and feel frustrated by the competition. Home prices are higher, as are mortgage rates. Bidding wars remain fierce. But housing analysts say home buyers may soon see a change and a possible opening for those …
Apr 05
Yard Care Tips Heading Into Spring
Yard Care Tips Heading Into Spring Homeowners have been spending more time in their backyards since the pandemic began. For a growing share of owners, it’s become a new hobby or a place to relax. Sixty-nine percent of Americans recently surveyed say that doing yard work—either maintaining it or adding or updating features—is one of …
Apr 05
Borrowing Costs Jump as Rates Continue to Increase
Borrowing Costs Jump as Rates Continue to Increase For the fourth consecutive week, mortgage rates surged, up more than 90 basis points in one month. Rates have jumped from 3.76% to 4.67% in just March alone, significantly increasing the borrowing costs for buyers, Nadia Evangelou, senior economist and director of forecasting at the National Association …
Apr 04
Listing Prices Hit Highest Median Ever
Listing Prices Hit Highest Median Ever Listing prices rose to a median of $405,000 in March, an all-time high, according to realtor.com®’s latest Monthly Housing Trends Report. However, economists say that buyers may soon see relief with expectations of more inventory coming that could help relieve some of the pricing pressures. Housing inventory is expected …
Apr 01
Big Ask for Housing in Biden Budget
Big Ask for Housing in Biden Budget President Joe Biden requested historic funding for housing supply in his federal budget proposal for the fiscal year that begins October 1, 2022. The proposal was released Monday. A requested 34% increase over last year for the Department of Housing and Urban Development includes $50 billion in grants …
Mar 31
Affordable Places to Buy a Vacation Home
Affordable Places to Buy a Vacation Home Vacation homes remain a popular pandemic trend. More Americans have been warming up to the idea of being untethered from jobs with remote work and experiencing a growing desire for a family getaway home or potential rental revenue stream. Vacation homes remain in demand. But home prices have …
Mar 30
Follow these five steps to help guide you along your homebuying journey
Follow these five steps to help guide you along your homebuying journey! With our help, we can explore homebuying options to help you meet your goals. With the help of myself and Katy Sychterz of RoundPoint Mortgage, (NMLS# 183951 – 484.534.5107) we can explore homebuying options to help you meet your goals. #RealEstate #Realtor #HomePurchase …
Mar 30
Ways Buyers Can Sweeten Their Offers
Ways Buyers Can Sweeten Their Offers Competition is growing more intense heading into the spring season’s busy buying market. Buyers will continue to compete for a limited number of homes for sale. Real estate professionals recently discussed with realtor.com® how their buyers are getting their offers on a home to stand out, besides increasing the …
Mar 30
Happiest Cities in 2022
Happiest Cities in 2022 Location may play a big part in how happy you are. Some cities in the U.S. appear to have happier residents than others. For example, on the top 10 list, more cities were in California than any other state. WalletHub researchers used positive-psychology research to rank the nation’s 180 largest cities …
Mar 29
FHA, VA Loan Demand Drops on Higher Rates
FHA, VA Loan Demand Drops on Higher Rates First-time buyers and veterans may be facing increasing obstacles to affording homeownership. In response, mortgage applications for home purchases involving Federal Housing Administration and Veterans Affairs loans are falling. The loans tend to be popular with first-time buyers, veterans, and those with lower incomes less able to pay …
