Persistent inflation is proving “quite harmful to the housing market,” says NAR Chief Economist Lawrence Yun. The housing market is quickly contracting as rising mortgage rates and stubbornly high inflation prompts more home buyers—and even sellers—to back away. The National Association of REALTORS®’ Pending Home Sales Index, a forward-looking indicator based on home contract signings, …
Tag: Anthony DiDonato
Nov 09
What Happens When Mortgage Rates Break 7%?
NAR Chief Economist Lawrence Yun paints a picture of what could happen with borrowing costs once it passes a critical threshold. Mortgage rates remained just shy of 7% this week—the 30-year fixed rate loan is at 6.94%—which could be a “new normal” after recent rapid increases in borrowing costs, says Nadia Evangelou, senior economist and …
Nov 09
Vacation Home / Jersey Shore – 209 38th St. Sea Isle City, NJ. 08243
Listing courtesy of Dustin Laricks – COMPASS RE – Sic $750,000 Est. Mortgage $4,722/mo*3 Beds2 Baths Description about this home for sale at 209 38th St. Sea Isle City, NJ. 08243 Located on a wide street in a very nice residential neighborhood, this townhouse has great qualities! The entire first floor is wide open and …
Nov 08
Delaware County / Delco Home – 204 Oldfield Way, Broomall, PA. 19008
Listing courtesy of Diana Hallinan – Compass RE, $510,000 Est. Mortgage $3,603/mo*3 Beds3 Baths1856 Sq. Ft. Description on this home for sale at 204 Oldfield Way, Broomall, PA. 19008 Step into this move-in ready 3 Bedroom, 2.5 bath split in a highly desirable section of Lawrence Park. It is freshly painted in a contemporary palette …
Nov 08
Top Claim Against Agents: Failure to Disclose
Not revealing known property defects to a buyer—a common problem in real estate, studies show—can land you in court. Follow these best practices to avoid liability. When a home buyer discovers a property defect that wasn’t disclosed by the seller or listing agent, the buyer may sue, claiming the home was misrepresented. This has become …
Nov 07
Mortgage Rates Slip After Fed Hike
Economists eye two possible scenarios: Rates could rise to 8% or higher by the end of the year, or they could stabilize. Know what to expect. Mortgage rates this week dipped slightly below 7%, even after the Federal Reserve aggressively raised its benchmark interest rate again to tame inflation. The 30-year fixed-rate mortgage averaged 6.95% …
Nov 07
Sea Isle City / Jersey Shore Vacation Home – 3700 Boardwalk #910S, Sea Isle City, NJ. 08243
Listing courtesy of Jennifer Denunzio – SEA ISLE REALTY $819,000 Est. Mortgage $5,824/mo* Description for this home for sale at 3700 Boardwalk #910S, Sea Isle City, NJ. 08243 Welcome to “The Spinnaker” condominium building, one of Sea Isle City’s most popular beach front locations! You will absolutely love the stunning views from this South Tower …
Nov 04
Delaware County / Delco Home – 2889 Eastburn Ave, Broomall, PA. 19008
Listing courtesy of Mike Mulholland – Long & Foster Real Estate, Inc $539,900 Est. Mortgage $3,879/mo* 3 Beds2 Baths2096 Sq. Ft. Description about this home for sale at 2889 Eastburn Ave, Broomall, PA. 19008 Absolutely One of Marple Townships Finest! Welcome to 2889 Eastburn Avenue; an Expanded & Updated 3 Bed, 1.5 Bath Split Level …
Nov 04
Young Buyers Focus on Investment Properties to Build Wealth
Many under the age of 40 are looking at real estate as a means to generate income rather than looking for their own home to live in, a new survey shows. A growing number of young adults are charting a different path toward building wealth through homeownership, prioritizing buying an investment property before a primary …
Nov 03
Warning Signs Your Listing Has a Mold Problem
Though not as obvious as fire or flood damage, mold can spread quickly and cause significant property issues if not caught early. Many homeowners may think the worst thing that can happen to their property is a fire or flash flood. But there’s another kind of threat that’s less obvious yet potentially just as harmful: …
Nov 03
Jersey Shore Vacation Home – 118 66th St. Sea Isle City, NJ. 08243
Listing courtesy of Joseph Mooney Iii – SEA ISLE REALTY $1,329,900 Est. Mortgage $8,541/mo*4 Beds3 Baths1973 Sq. Ft. Description about this home for sale at 118 66th St. Sea Isle City, NJ. 08243 Great property in a great location. Shopping and restaurants are within a minutes walk. Improvements include newer kitchen and flooring. Beautiful rear …
Nov 02
Jersey Shore / Sea Isle City Home – 229 44th St. E, Sea Isle City, NJ. 08243
Listing courtesy of Barbara Boeshe – FARINA & BOESHE, INC $1,399,000 Est. Mortgage $9,018/mo*4 beds4 Baths1904 Sq. Ft. Description about this home for sale at 229 44th St. E, Sea Isle City, NJ. 08243 Center Island Tom Welsh built townhouse in the heart of iconic Fish Alley neighborhood. Easy access to traditional Sea Isle amenities …
