Affordability in the New-Home Market Is Dwindling Fast New-home buyers are facing even steeper prices. The median sales price of a newly built single-family home rose to $423,300 in January, up more than 13% from a year ago, according to data from the National Association of Home Builders. Higher development costs and rising prices for …
Category: Real Estate Tips
Mar 01
Mortgage Rates Dip
Mortgage Rates Dip The 30-year fixed-rate mortgage reversed course this week and decreased to an average of 3.89%, Freddie Mac reports. However, with expectations of even higher inflation on the horizon, mortgage rates likely will resume their upward trek over the coming weeks, Nadia Evangelou, senior economist and director of forecasting at the National Association …
Feb 28
Investment Firms Target Vacation Homes
Investment Firms Target Vacation Homes Vacation homes have seen growing demand since the pandemic began, and investors are taking notice of the sector, largely the domain of individual homeowners until now. Investors want to capture more of the bustling market for short-term rentals. Saluda Grade, a New York investment firm, has teamed up with AvantStay, a short-term rental …
Feb 28
Moving More Stressful Than Breakups
Moving More Stressful Than Breakups Moving can be stressful. In fact, 38% of survey respondents said moving is more stressful than parting ways with a significant other, according to Move.org, a relocation resource. Moves can be costly, often much more so than what many plan for. Seventy percent of Americans who used professional moving services say they were …
Feb 24
How about a hassle free tax season?
Check out these steps so you can have a hassle-free tax season! 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 …
Feb 23
Consumers Optimistic About Housing
Consumers Optimistic About Housing More than 50% of prospective buyers recently surveyed say they feel optimistic about the housing market—despite headlines over rapidly rising costs that can feel discouraging. The new survey from the real estate tech company OJO Labs shows that many house hunters remain hopeful that the next three months will offer a …
Feb 23
Homes More Affordable Than Renting
Homes More Affordable Than Renting Home prices are rapidly rising, but rental prices are as well, and at a faster pace. In more than half of the nation’s largest U.S. metros, Americans likely will find buying a starter home more affordable than renting, according to a newly released report from realtor.com®. Median rental prices rose …
Feb 22
Sales Surged in January
Sales Surged in January Home buyers appeared in a rush to lock in mortgage rates ahead of further increases and to take advantage of any housing inventory they could find last month. Existing-home sales climbed 6.7% in January compared to the prior month, led by the strongest gains in the Southern region of the U.S., …
Feb 22
Disney to Build Themed Housing Development
Disney to Build Themed Housing Development The Walt Disney Company is bringing “Storyliving by Disney” to those who want to live out the Disney magic beyond the silver screen. It announced it will be building a housing development in Southern California—the first of what they plan to be many across the U.S. The development, to be …
Feb 21
Best Day for Listing Photo Shoots
Best Day for Listing Photo Shoots Not sure when to plan your next listing photo shoot? The most popular day of the week for real estate photography: Wednesday, according to a new study of real estate photography data from HomeJab, a professional real estate photography and video service. Twenty percent of all listing photos are …
Feb 21
Mortgage Rates Nearing 4%
Mortgage Rates Nearing 4% Borrowing costs are climbing: The 30-year fixed-rate mortgage rose to a 3.92% average this week, Freddie Mac reports. “Mortgage rates jumped again due to high inflation and stronger than expected consumer spending,” says Sam Khater, Freddie Mac’s chief economist. “The 30-year fixed-rate mortgage is nearing four percent, reaching highs we have …
Feb 17
9 Great tips to prepare your home for sale.
Follow these helpful tips to showcase your home in the best way possible! 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 …
