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 …
Tag: Anthony DiDonato
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 …
Aug 02
Trenton, NJ. Home – 68 Collins Rd, Hamilton, NJ. 08619
Listing courtesy of Deborah Olsen – Keller Williams Premier $382,900 Original price: $394,000Est. Mortgage $2,420/mo*4 beds2 baths1776 sq. ft. Description about this home for sale at 68 Collins Rd, Hamilton, NJ. 08619 This expanded Cape Cod home located in the Mercerville section of desirable Hamilton Township is larger on the inside than its appearance from …
Aug 02
Existing-Home Prices Hit New Record as Sales Slow
Existing-Home Prices Hit New Record as Sales Slow Prices for existing homes climbed to a record high in June, continuing at a breakneck pace with double-digit-percentage annual increases. The median price for an existing home rose to $416,000 last month, up 13.4% compared to a year earlier, the National Association of REALTORS® reported Wednesday. Home …
Aug 01
Single-Family Construction Is Going Soft
Single-Family Construction Is Going Soft Builders are growing concerned that demand for new homes is leveling off, and they’re slowing production out of fear that too many buyers have been priced out of the market. Single-family construction in June dropped to its lowest level since April 2020, when the COVID-19 pandemic was just beginning, the …
Aug 01
Broomall, PA. / Delaware County Home – 306 Beechtree Dr. Broomall, PA. 19008
Listing courtesy of Heather Griesser Lapierre – RE/MAX Preferred – Newtown Square $650,000 Est. Mortgage $3,888/mo*5 Beds5 Baths3034 Sq. Ft. Description about this home for sale at 306 Beechtree Dr. Broomall, PA. 19008 Welcome home to this lovingly maintained center hall colonial in the desirable Parkwynne Estates neighborhood in Broomall. Enter the front door into …
Aug 01
Delco / Broomall PA. Home – 200 Parkview Dr. Broomall, PA. 19008
Listing courtesy of Benjamin Rutt – Patriot Realty, LLC, $1,325,735 Est. Mortgage $8,061/mo* 4 beds 3 baths 2789 Sq. Ft. Description about this home for sale at 200 Parkview Dr. Broomall, PA. 19008 Build a new home in Newtown Square, PA in Ventry at Edgmont Preserve, a community of 71 new single family detached new …
Jul 22
Affordability, Inventory Issues Block Foreign Investors, Too
Affordability, Inventory Issues Block Foreign Investors, Too Worsening housing affordability and stubborn inventory shortages are not only pushing more Americans out of the real estate market but also blocking many foreign investors from purchasing homes in the U.S., according to the National Association of REALTORS®’ newly released 2022 Profile of International Transactions in U.S. Residential …
Jul 22
Volatility in Mortgage Rates as Recession Fears Grow
Volatility in Mortgage Rates as Recession Fears Grow Mortgage rates are showing volatility as the economy slows and recession fears take center stage. The 30-year fixed-rate mortgage rose to an average of 5.51% this week, up from 5.3% last week, according to Freddie Mac. Home buyers are facing rising costs across the spectrum. Inflation shot …
Jul 21
New Benefit Helps REALTORS® Convert Renters to Home Buyers
New Benefit Helps REALTORS® Convert Renters to Home Buyers REALTORS® now have free access to Rental Beast, a software provider with a secure FCRA-compliant online rental application and tenant screening tool. The National Association of REALTORS® announced Tuesday that Rental Beast has become the newest addition to NAR REALTOR Benefits®. “NAR REALTOR Benefits® aims to …
Jul 21
Delco / Broomall, PA. Home – 206 Cornwall Dr. Broomall, PA. 19008
Listing courtesy of Lauren Keech – Weichert Realtors $465,000 Est. Mortgage $2,916/mo*3 Beds2 baths1520 Sq. Ft. Description about 206 Cornwall Dr. Broomall, PA. 19008 This immaculate, newly renovated 3 bedroom, 1.5 bath, split-level home is conveniently located in the Lawrence Park neighborhood of Marple Township. The main floor includes a large living room, dining room …
Jul 21
Technology REALTORS® Use the Most
Technology REALTORS® Use the Most REALTORS® use multiple technology platforms daily to promote their business and stay connected to clients. While smartphones and email are key tools that facilitate most of those connections, 53% of REALTORS® also use social media apps or GPS features daily, according to the National Association of REALTORS®’ 2022 Member Profile. Typing proves …
