Single-Family Lot Values Lot values for single-family, detached homes have never been higher. In 2020, prices jumped 18% to a median lot price nationwide of $53,000, according to an analysis of Census Bureau data by the National Association of Home Builders. The higher prices for lots—along with material costs—have pressed on buyers’ and builders’ budgets …
Category: Real Estate Tips
Aug 13
RoundPoint Mortgage Servicing Corporation Pre-Approval Checklist
RoundPoint Mortgage Servicing Corporation Pre-Approval Checklist ️ Having a checklist of the documents you’ll need when seeking a preapproval can really come in handy. 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 …
Aug 11
Rise in Affordable Listings
Rise in Affordable Listings Housing inventory is increasing with an uptick in more affordable homes, which could lead to a possible door opening for more first-time buyers. New listings rose 6.5% in July, marking the fourth consecutive month for annual increases, according to realtor.com®’s Monthly Housing Report. “July housing trends show a market still working …
Aug 11
Cities That Owned the Wild 2020 Market
Cities That Owned the Wild 2020 Market In 2020, home buyers left states with high taxes and pricey housing in favor of lower-cost metro areas, such as Texas, Florida, North Carolina, South Carolina, Georgia, and Tennessee, according to CoreLogic’s 2020 Hottest Cities for Homebuyers Report. “The pandemic created a perfect recipe for consistently employed Americans,” …
Aug 10
Popular Renovations Focus on Adding Entertainment Space
Popular Renovations Focus on Adding Entertainment Space Home renovations have been surging during the pandemic, and homeowners aren’t shying away from major redos either. More than half—55%—of more than 2,000 U.S. homeowners recently surveyed reported making substantial improvements to their homes that they believe will boost their home’s value, according to a July survey …
Aug 10
Third of Homes Are ‘Equity Rich’
Third of Homes Are ‘Equity Rich’ Higher home prices are translating into mega wealth for those who own. Thirty-four percent of residential properties in the U.S. with a mortgage were considered “equity rich” in the second quarter, which means the combined estimated amount of loans secured by the properties was at least 50% of its …
Aug 09
Consumers Are Comfortable Closing Online
Consumers Are Comfortable Closing Online The COVID-19 pandemic has fueled an acceleration in online transactions, including in real estate. The majority of U.S. adults are comfortable completing financial purchases digitally, too, finds a new survey released by Notarize, a company that offers remote online notarization. Eighty-one percent of 2,000 U.S. adults who responded say they feel …
Aug 09
Housing Market Drives Home Fix-ups
Housing Market Drives Home Fix-ups More homeowners say they plan to renovate their homes this year, and they are increasingly planning to take advantage of higher home prices and use their home’s equity to complete the renovations, according to Bank of America’s “2021 Homebuyer Insights Report: Home Improvement and Equity Spotlight.” As home prices surge, …
Aug 06
No Credit History? Home Ownership is still Possible!
No Credit History? Home Ownership is still Possible! No credit? No Problem! 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
Aug 04
Home Seller Profits
Home Seller Profits Profit margins for home sellers took an unexpected dip in the second quarter, but they continue to significantly exceed levels from a year ago. The dip may be a sign that investment returns may be declining, according to ATTOM Data Solutions’ second-quarter 2021 U.S. Home Sales Report. In the second quarter, …
Aug 04
CDC’s Eviction Moratorium Is Over: Now What?
CDC’s Eviction Moratorium Is Over: Now What? The national ban on evictions ended on Saturday after a last-minute attempt to extend it by Democratic lawmakers failed in the House. The moratorium was first put in place by the U.S. Centers for Disease Control and Prevention in September 2020—an action that allowed tenants to miss their rental …
Aug 03
Non-Bank Lenders Gain Popularity
Non-Bank Lenders Gain Popularity Consumers rated mortgage servicers’ customer service higher during the pandemic. Much of that satisfaction, however, is driven by non-bank servicers, which offer more digital solutions for consumers. Traditional banks are starting to lose their edge over non-bank lenders, according to the J.D. Power Mortgage Servicer Satisfaction Study. Bank-affiliated services have …
