Home Goods That Are Getting Pricier, Harder to Find Supply chain woes have been hitting the housing market, affecting appliances, windows, paint, and other items needed to build, repair, or improve home. That has driven prices higher. New-home buyers have felt the pinch: The median sales price for a new home in October was …
Category: Real Estate Tips
Dec 06
Mortgage Rates Remain Stable—For Now
Mortgage Rates Remain Stable—For Now Mortgage rates held steady this week as the world awaits more information about the severity of the omicron variant of COVID-19 and ongoing supply chain issues. The 30-year fixed-rate mortgage averaged 3.11%, Freddie Mac reports. “Mortgage rates continue to remain stable notwithstanding volatility in the financial markets,” says Sam …
Dec 06
2022 Outlook for Home Sales
2022 Outlook for Home Sales As the latest coronavirus variant remains a wild card for the housing market, real estate experts are still predicting a mostly lively year for home sales in markets across the country. However, home shoppers may find some relief for escalating home prices, which have been trending with double-digit increases …
Dec 02
Mortgage Loan Limits Set for 2022
Mortgage Loan Limits Set for 2022 The Federal Housing Finance Agency announced Tuesday that conforming loan limits for mortgages backed by Fannie Mae and Freddie Mac will jump in most of the country to $647,200, an increase of $98,950 from 2021’s limit of $548,250. The higher levels are in response to rising home prices over …
Dec 01
Home Buyers Eager to Act Sooner Rather Than Later
Home Buyers Eager to Act Sooner Rather Than Later Contract signings climbed 7.5% in October, and home sales for 2021 are on pace to hit a 15-year high, the National Association of REALTORS® reported Monday. Pending home sales rebounded after a decline in September. Despite rising mortgage rates, home buyers appear undeterred by higher …
Dec 01
More Store Openings Than Closures
More Store Openings Than Closures More brick-and-mortar retail is needed. Store openings are outnumbering closings for the first time in four years, according to an analysis of more than 900 chains by the IHL Group, a research firm. The largest amount of growth is coming from mass merchants, food, drugs and pharmacy, and convenience chains, The …
Nov 30
Expect an Unseasonably Hot Winter for Home Sales
Expect an Unseasonably Hot Winter for Home Sales This winter is expected to be unseasonably hot for the housing market. “Compared to other past winter seasons, this winter season’s sales activity will be stronger,” says Lawrence Yun, chief economist of the National Association of REALTORS®. “This winter, there will be more sales compared to pre-pandemic …
Nov 30
Perform a ‘Home Inspection’ While Hanging Holiday Lights
Perform a ‘Home Inspection’ While Hanging Holiday Lights Holiday decorating is in full swing, and as homeowners deck their halls, they may want to also use the festivities as an excuse to inspect several out-of-sight ares of their home. Groundworks, a basement and foundations firm, offers up tips to spot needed repairs in the …
Nov 29
Glass, Window Shortages Delay Homebuilding
Glass, Window Shortages Delay Homebuilding Glass is joining the list of building materials in short supply. A range of industries, including shower door manufacturers and window installers, are reporting glass shortages. Nearly two-thirds of home builders said that windows are their biggest material shortage, according to a recent survey from John Burns Real Estate Consulting. …
Nov 29
Investors on Record Buying Spree
Investors on Record Buying Spree Taking notice of the increased appetite for U.S. real estate, investors are building up their portfolios of properties looking to cash in on the higher housing and rental prices. Investors purchased a record $64 billion of homes in the third quarter. Single-family homes comprised nearly three-quarters of investor purchases in …
Nov 24
FHA Loans
FHA Loans Attention first time home buyers! Did you know an FHA loan can help you obtain your dream of homeownership? 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 23
Improved Manufactured Housing
Improved Manufactured Housing With surging home prices, more home buyers are showing an interest in manufactured housing. Even buyers who aren’t specifically looking for manufactured homes may discover that some listings they are interested in feature them, since they more closely resemble site-built homes nowadays. The manufactured housing segment has long contended with a reputation …
