Dip in Mortgage Rates Little Consolation to Squeezed Buyers With volatile mortgage rates driving home buyers from the market, economists are skeptical that a dip in borrowing costs this week will have a meaningful impact. The 30-year fixed-rate mortgage fell to an average of 5.3%—still nearly double what it was a year ago—for the week …
Tag: Anthony DiDonato
Aug 09
Market to Ease Despite High Home Prices
Market to Ease Despite High Home Prices Even though national GDP contracted for the second quarter in a row and home sales have fallen for five straight months, property prices are likely to continue growing because of low inventory, Lawrence Yun, chief economist for the National Association of REALTORS®, said Wednesday during NAR’s quarterly Real …
Aug 09
Sea Isle City / Jersey Shore Home – 333 43rd Pl. Sea Isle City, NJ. 08243
Listing courtesy of Nick Procaccino – Keller Williams Premier $2,995,000 Est. Mortgage $15,902/mo*5 Beds6 Baths2196 Sq. Ft. Description about this home for sale at 333 43rd Pl. Sea Isle City, NJ. 08243 Experience a luxurious lifestyle in this like new townhouse with stunning bay views. This 3-story stunner has 5 bedrooms, 5.5 baths, a private …
Aug 09
Jersey Shore / Sea Isle City Home – 8509 Pleasure Ave, Sea Isle City, NJ 08243
Listing courtesy of Ian Ciseck – LONG & FOSTER REAL ESTATE, INC sic $1,850,000 Est. Mortgage $9,815/mo*4 Beds4 baths Description about this home for sale at 8509 Pleasure Ave, Sea Isle City, NJ 08243 One house off the beach in the highly desired 85th Street Townsend Inlet neighborhood. This townhouse has 4 bedrooms plus a …
Aug 08
2nd Historic Fed Rate Hike Unlikely to ‘Further Damage’ Mortgage Borrowers
2nd Historic Fed Rate Hike Unlikely to ‘Further Damage’ Mortgage Borrowers With skyrocketing inflation and mounting recession fears, the Federal Reserve made another aggressive move Wednesday, raising its benchmark rate by three-quarters of a percentage point for the second time this year to try and tame the economy. However, higher mortgage rates may not necessarily …
Aug 08
Delaware County PA. / Media, PA. Home – 711 N Providence Rd. Media, PA. 19063
Listing courtesy of Stephen Mazza – Keller Williams Main Line $360,000 Est. Mortgage $2,251/mo*3 Beds2 Baths1260 Sq. Ft. Description about this home for sale at 711 N Providence Rd. Media, PA. 19063 Welcome to 711 N Providence Road. This property has been well maintained over the years and is ready for its new owner to …
Aug 08
Broomall, PA. / Delco Home – 436 Hampshire Dr. Broomall, PA. 19008
Listing courtesy of Max Lomas – RE/MAX Properties – Newtown Description about this home for sale at 436 Hampshire Dr. Broomall, PA. 19008 WOW…. This is the one you have been waiting for!! Welcome to 436 Hampshire Drive offering 4 bedrooms, 3.5 bathrooms and over 2,100 square feet! This home is absolutely stunning and is …
Aug 05
Remote Online Notarization Is One Step Closer
Remote Online Notarization Is One Step Closer The U.S. House of Representatives passed a bill Wednesday evening to expand the availability of remote online notarization (RON) nationwide, a key advocacy priority for the National Association of REALTORS®. The bipartisan SECURE Notarization Act now goes to the Senate for consideration. RON allows a notary and signer …
Aug 04
Pending Home Sales Tumble as More Buyers Get Priced Out
Pending Home Sales Tumble as More Buyers Get Priced Out Pending home sales fell in June as surging mortgage rates and record-high home prices are making home buyers more cautious in moving forward. The median existing-home price hit an all-time high in June ($416,000). Homes were 80% more expensive in June than they were in …
Aug 03
Jersey Shore / Sea Isle City Home – 141 74th St. #A, Sea Isle City, NJ. 08243
Listing courtesy of William J. Buchanan, Abr, Gri, Crb, Rsps, Epro – RE/MAX PREFERRED SEA ISLE $675,000 Est. Mortgage $3,662/mo* 3 beds 1 bath Description about this home for sale at 141 74th St. #A, Sea Isle City, NJ. 08243 Views ! Views! Views! Watch beautiful Sunsets on the intercoastal waterway. Large wrap around front …
Aug 03
Could Solving the Housing Shortage Help Close the Racial Gap, Too?
Could Solving the Housing Shortage Help Close the Racial Gap, Too? The nation’s housing shortage has also fueled a housing inequity problem, Bryan Greene, vice president of policy advocacy for the National Association of REALTORS®, writes in an essay included in a new report, “Housing Underproduction in the U.S.” To close the widening racial gap …
Aug 02
Mortgage Rates Rise Ahead of Fed’s Big Announcement
Mortgage Rates Rise Ahead of Fed’s Big Announcement Mortgage rates rose slightly this week ahead of the Federal Reserve’s highly anticipated meeting next Tuesday, when it is expected to increase its benchmark rate by up to a full percentage point. What impact could that have on mortgage rates ahead? “Even though the upcoming rate hike …
