Fannie Chair Cautions Owners Not to Take Out Too Much Equity Home prices have posted double-digit annual gains and homeowners are feeling richer. Those higher prices are also driving an uptick in cash-out refinancing, in which owners are taking out some of the home equity by refinancing. In 2020, about $185 billion of equity was …
Category: Real Estate Tips
Jun 30
Remodeling Costs Rose
Remodeling Costs Rose The pandemic fueled a remodeling boom as more homeowners sheltered in and looked to redo their home as a new hobby. But the costs of remodeling projects have soared over the past year. Some house projects have seen prices jump by more than 50% in 2020 compared to 2019. Also, the average …
Jun 29
Mortgage Rates Rise
Mortgage Rates Rise For the first time in 10 weeks, mortgage rates inched above 3%—and the era of 2% rates may be over. “As the economy progresses and inflation remains elevated, we expect that rates will continue to gradually rise in the second half of the year,” said Sam Khater, Freddie Mac’s chief economist. “For …
Jun 29
Buyers Waive Contingencies
Buyers Waive Contingencies To win a bidding war, more buyers are waiving appraisal and inspection contingencies, according to the latest REALTORS® Confidence Index survey. Home buyers most commonly are waiving the appraisal contingency (28%) and the inspection contingency (25%), shows the survey of more than 3,300 REALTORS®. The buyers waiving contract contingencies are …
Jun 28
Real Estate in 2021
Real Estate in 2021 Remote work and mobility are expected to have the most significant impact on real estate over the next year, according to The Counselors of Real Estate’s list. The group identified current and emerging issues expected to have an influence over real estate in the 2021-2022 cycle. Remote work and mobility and …
Jun 28
Virtual Real Estate Is Setting Price Records
Virtual Real Estate Is Setting Price Records Virtual land in the online world of Decentraland grabbed international headlines after recently selling for more than $900,000, a record purchase on the platform, the Decentraland Foundation announced. Ownership of some virtual land is bought and sold with nonfungible tokens, a type of cryptocurrency that records the ownership …
Jun 28
Credit tips when applying for a mortgage
Credit tips when applying for a mortgage Check out these six credit tips when applying for a mortgage! 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
Jun 28
Are You Ready to Move?
Are You Ready to Move? Are you ready to move? Call John Coneys of Roundpoint Mortgage, (NMLS# 183853 – 610.322.4886) and I to find out more about what we can offer you as a first-time homebuyer. #RealEstate #Realtor #FirstTimeHomeBuyer #ReadytoMove #Roundpoint #PreApp #Roundpointmortgage
Jun 15
Zoom Calls Spark Home Decluttering
Zoom Calls Spark Home Decluttering Many remote workers have found sections of their home suddenly on display during videoconference calls, which has motivated them to spruce up their nest, a new survey shows. Seventy-three percent of Americans say they cleaned or tidied up their homes prior to virtual Zoom calls, according to the survey from …
Jun 15
Do Your Clients Check for Mistakes on Their Credit Report?
Do Your Clients Check for Mistakes on Their Credit Report? More than a third of Americans say they have found at least one error in their credit report, according to a new study from Consumer Reports. The publication asked more than 5,800 study participants to get a copy of their credit report and check it …
Jun 14
City Exodus May Be Nearing an End
City Exodus May Be Nearing an End The big city is starting to look attractive again. More than a year into the pandemic, moves from dense urban cities, like New York, San Francisco, and Boston, have started to slow. These cities lost record numbers of residents in 2020 due to density concerns, closure of entertainment …
Jun 14
Easy Ways to Give the Backyard Instant Cachet
Easy Ways to Give the Backyard Instant Cachet Homeowners have focused heavily on making the backyard more functional since the pandemic, but it’s important not to forget about style and aesthetics. Interior stylists Shelby Greene and Kate Leyendecker of furniture retailer Living Spaces offer inexpensive touches that can give the backyard a luxury look. …
