‘First-Time Buyer’ Season 2 Out Now The second season of “First-Time Buyer,” which shows REALTORS® guiding their clients on their home buyer journey, is now available to stream on Hulu. The show is produced by the National Association of REALTORS®. The eight-episode season follows a different couple, family, or individual through the process of buying …
Category: Real Estate Tips
Dec 28
Home Flipping Is Still Booming
Home Flipping Is Still Booming More single-family and condo homes were flipped in the third quarter compared to the second quarter. Home flips accounted for 5.7% of home sales in the third quarter, according to the Q3 2021 U.S. Home Flipping Report released by ATTOM Data Solutions. But while flipping activity is edging higher, …
Dec 28
Beware of Homes That Smell Too Clean
Beware of Homes That Smell Too Clean Beware of a home that smells too clean. That warning comes from a real estate agent who posted a recent TikTok video, under her username @capecchiandco, that has since gone viral and been widely covered by the media. She shared how a bleach smell can be a red …
Dec 27
Bidding Wars Drop
Bidding Wars Drop Home buyers may be facing less competition, but they are also finding fewer homes for sale. In November, 59.5% of home offers written by Redfin real estate professionals reported facing competition, the lowest in 11 months, according to Redfin’s competition index. That’s a sharp drop from the 74.6% peak reached in April. …
Dec 27
Multifamily Owners Stand To Earn Record Profits in 2022
In a new report, the real estate firm Walker & Dunlop calls it “the golden age for multifamily.” High rents in the apartment sector are expected to continue in the new year as demand remains strong. Potential home buyers who have been shut out from the competitive housing market are turning to rentals in swarms. …
Dec 27
New loan limit news alert
New loan limit news alert: Expand your home search criteria! Conventional loan limits for 2022 for single-unit properties have gone up 18% from $548,250 to $647,200. To understand how you benefit from this update, let’s talk. With the help of myself and John Coneys of RoundPoint Mortgage, (NMLS# 183853 – 610.322.4886) we can explore homebuying …
Dec 22
From My Family to Yours Have a Happy Holiday Season
From My Family to Yours Have a Happy Holiday Season
Dec 22
Home Flipping Activity Rises, Even as Profits Shrink
Home Flipping Activity Rises, Even as Profits Shrink For the second quarter in a row, home flipping was on the rise as investors look to take advantage of quickly rising home prices. However, they’re not seeing higher profits from their flips. Home flipping comprised 5.7% of all home sales in the third quarter, up …
Dec 21
Mortgage Rates Climb After Fed’s Rate Announcement
Mortgage Rates Climb After Fed’s Rate Announcement Mortgage rates rose this week after the Federal Reserve announced it would accelerate its bond tapering and that three rate hikes would come in 2022. The 30-year fixed-rate mortgage rose to 3.12% this week, Freddie Mac reports. Rates are largely expected to continue to rise due to the …
Dec 21
Housing Starts Pick Up as 2021 Comes to a Close
Housing Starts Pick Up as 2021 Comes to a Close Buyers have been drawn to new-home construction as existing housing inventories remain lean. Builders have struggled to ramp up construction even more due to the high demand as building materials, labor, and lot shortages loom. However, builders say they’re building as much as they …
Dec 21
Are More Homeowners ‘House Poor’?
Are More Homeowners ‘House Poor’? Sixty-nine percent of about 1,000 homeowners recently surveyed say they felt “house poor,” a new study from research company ConsumerAffairs shows. Homeowners blame unexpected repair, maintenance, and upkeep costs as some of the reason why. But despite the rise in costs, nine in 10 still believe homeownership is worth it …
Dec 20
Fed Plans Rate Hikes to Manage Inflation
Fed Plans Rate Hikes to Manage Inflation The Federal Reserve said on Wednesday that it plans to have multiple rate increases in 2022 and will taper its monthly asset purchases at a quicker, much more aggressive pace than analysts originally anticipated. What could this mean for mortgage rates? CNBC reports “the days of rock-bottom rates …
