Mortgage Rates Rise Again, Nearing Affordability Threshold Mortgage rates continued inching up this week, nearing a threshold that would bring the average American household to a financial tipping point, warns Nadia Evangelou, senior economist and director of forecasting for the National Association of REALTORS®. The 30-year fixed-rate mortgage jumped to an average of 5.66%, Freddie …
Tag: Anthony DiDonato
Sep 09
FSBOs Usually Soar in a Hot Market. Not This Time
FSBOs Usually Soar in a Hot Market. Not This Time The volatile housing market over the last couple of years has driven more consumers toward using real estate professionals rather than attempting to complete a transaction independently. FSBOs made up only 7% of home sales in 2021—the lowest share since 1981—according to the latest Profile …
Sep 09
Jersey Shore / Sea Isle City Home – 7908 Landis Ave N, Sea Isle City, NJ. 08243
Listing courtesy of Joseph Sheppard – BHHS FOX and ROACH-Simpson OC $1,199,000 Est. Mortgage $6,891/mo*4 Beds2 baths Description about this home for sale at 7908 Landis Ave N, Sea Isle City, NJ. 08243 Superb south-end location for this townhome. Just 1.5 blocks to the beach and 2 blocks to the bay, this 4 bedroom, 2 …
Sep 09
REALTORS® Rush Aid to Kentucky, Missouri Flood Victims
REALTORS® Rush Aid to Kentucky, Missouri Flood Victims The record-setting rains that deluged areas of Kentucky and Missouri in July caused extensive damage to homes and properties. The REALTORS® Relief Foundation has provided $1 million to help flood victims in both states stay in their homes or find emergency housing while recovering from their losses. …
Sep 08
Sea Isle City / Jersey Shore Home – 222 58th St. Sea Isle City, NJ. 08243
Listing courtesy of Nicholas Screnci – SEA ISLE REALTY $1,795,000 Original price: $1,749,000Est. Mortgage $10,270/mo*6 Beds5 Baths Description about this home for sale at 222 58th St. Sea Isle City, NJ. 08243 This NEW CONSTRUCTION brought to you by Redfern Ocean Development is positioned in a family friendly location within walking distance to the Beach, …
Sep 08
Mortgage Rates Hurt Buyers More Than Home Prices
Mortgage Rates Hurt Buyers More Than Home Prices Mortgage rates were back on the rise this week, hitting an average of 5.55%, Freddie Mac reported Thursday. Rates are nearly double what they were a year ago, and the latest housing data from the National Association of REALTORS® demonstrates the impact of the jump in borrowing …
Sep 07
Lawrenceville, NJ. Home – 70 Schindler Ct. #35 Lawrenceville, NJ. 08648
Listing courtesy of Karen Friedland – BHHS Fox & Roach – Princeton $499,000 Original price: $525,000Est. Mortgage $3,925/mo* 3 Beds3 Baths2647 Sq. Ft. Description about this home for sale at 70 Schindler Ct. #35 Lawrenceville, NJ. 08648 For those seeking the tranquil, carefree lifestyle in a tight-knit, age-restricted community, 70 Schindler Court delivers on all …
Sep 07
Delco / Broomall, PA. Home – 215 Media Line Road, Broomall, PA. 19008
Listing courtesy of Jason Katz – Compass RE $400,000 Est. Mortgage $2,630/mo*3 Beds2 baths1311 Sq. Ft. Description on this home for sale at 215 Media Line Road, Broomall, PA. 19008 Beautifully maintained home, located within the well sought after Marple-Newtown School District! Freshly painted and ready to move in, this 3 bed, 1 1/2 bath …
Sep 07
Survey: 94% of Sellers Don’t Disclose Property Defects
Survey: 94% of Sellers Don’t Disclose Property Defects Home buyers who waive the inspection contingency must rely heavily on seller disclosures to be informed about any potential problems with the property. But more than 90% of buyers say they found at least one issue with their home after the transaction that the seller didn’t disclose, …
Sep 06
NAR: Contract Signings, Down Again, May Have Hit Bottom
NAR: Contract Signings, Down Again, May Have Hit Bottom Home buyers continue to recoil from higher mortgage rates and home prices, with pending home sales in July plummeting nearly 20% year over year, according to data from the National Association of REALTORS® released Wednesday. Though summertime is traditionally busy for the real estate market, contract …
Sep 06
New-Home Sales Plummet as Rising Costs Sideline More Buyers
New-Home Sales Plummet as Rising Costs Sideline More Buyers Just a year ago, homebuilders were overflowing with new contracts and, at times, raffling off their few remaining lots to wait-listed buyers. But since then, buyer traffic has slowed significantly as costs have soared. Rising mortgage rates and high inflation have crashed the homebuilding party. New-home …
Sep 06
Jersey Shore / Sea Isle City Home – 235-235 W 38th St. Sea Isle City, NJ. 08243
Listing courtesy of Frank Preto – EXP Realty, LLC $899,000 Est. Mortgage $5,663/mo*4 Beds2 Baths1332 Sq. Ft. Description About this home for sale at 235-235 W 38th St. Sea Isle City, NJ. 08243 One-of-a-kind Sea Isle townhome offers appealing spacious layout and attractive new upgrades. First floor includes 2 bedrooms with individual climate control and …
