Buyers Making Compromises to Find a Suitable Home Over the past year, home buyers have faced steep competition, which has included fierce bidding wars. Inventory shortages and high demand have forced them to rethink their priorities when shopping for a home. Eighty percent of buyers say they’ve had to compromise on key home features, according …
Tag: Anthony DiDonato
Apr 18
First-Time Buyers Still Want a Bathtub
First-Time Buyers Still Want a Bathtub Bathroom remodeling trends in recent years have focused on removing the bathtub and supersizing the shower. But that could actually hurt a property’s resale value, depending on the buyers you’re trying to attract. Bathroom Remodeling Trends Focus on Spa-Like Upgrades First-time home buyers say they want a shower-tub combo, …
Apr 18
Pre- Approval Checklist
Check out this handy pre-approval checklist! With the help of myself and Katy Sychterz of RoundPoint Mortgage, (NMLS# 183951 – 484.534.5107) we can explore homebuying options to help you meet your goals. #RealEstate #Realtor #HomePurchase #BuyersMarket #PlymouthMeetingRP
Apr 15
Property Taxes Rising at Slower Pace
Property Taxes Rising at Slower Pace The average property tax on a single-family home in 2021 rose at the smallest pace in five years. Taxes rose by 1.8% last year, from $3,719 in 2020 to $3,785 in 2021 nationwide, according to a new report from ATTOM Data Solutions, a real estate data firm. “It’s hardly …
Apr 14
Inflation Edges Higher, Affecting Housing
Inflation Edges Higher, Affecting Housing The rate of inflation reached 8.5% in March, continuing at a 40-year high and showing few signs of relief for consumers. Higher gas prices, food, and housing costs fueled the consumer price index’s jump. “Aggressive inflation will force the Federal Reserve to raise interest rates multiple rounds this year and actively pursue …
Apr 13
Realtor.com® Aims to ‘Close the Gap’ in Homeownership
Realtor.com® Aims to ‘Close the Gap’ in Homeownership Homeownership rates for many minority groups continues to be well below that of whites, and discriminatory policies are often blamed for that. During National Fair Housing Month in April, many housing groups and organizations are bringing the racial housing gap to the forefront and asking others in …
Apr 12
Sellers Are Lowering Asking Prices
Sellers Are Lowering Asking Prices With mortgage rates now nearing 5%, many aspiring home buyers may have reached the top of what they can afford, especially as 40-year-high inflation affects the threshold for them. As a result, the number of sellers dropping their asking price is growing at a faster clip than in the recent …
Apr 12
Cherry Hill, NJ Home – 53 Knollwood Dr. Cherry Hill, NJ. 08022
53 Knollwood Dr. Cherry Hill, NJ. 08022 $425,000 Est. Mortgage $2,927/mo*4 beds3 Baths1938 Sq. Ft. Description about this home for sale at 53 Knollwood Dr. Cherry Hill, NJ. 08022 This beautiful 5 bedroom/3 full bathroom home is your chance to live in the desirable Knollwood section of Cherry Hill. When you enter through the stunning …
Apr 11
Rising Rates
Rising Rates Home buyers this spring are facing a double whammy of rising home prices and mortgage rates. The 30-year fixed-rate mortgage rose to 4.72% this week, from 3.13% when compared to a year ago, Freddie Mac reports. Over the last three months, mortgage rates have risen by 1.5 percentage points, the fastest three-month rise …
Apr 11
Cherry Hill, NJ Home – 47 Grant Ave, Cherry Hill, NJ. 08002
$399,000 Est. Mortgage $2,732/mo*4 beds3 Baths1796 Sq. Ft. Description about this home for sale at 47 Grant Ave, Cherry Hill, NJ. 08002 HIGHEST AND BEST OFFERS DUE BY MONDAY, APRIL 11 AT 3:00 PM. Welcome to 47 Grant Ave in the highly sought after neighborhood of Erlton . This 3-4 bedroom, 2.5 bath home has …
Apr 11
Housing Inventory Turnaround Possible
Housing Inventory Turnaround Possible A new survey shows many homeowners plan to list their home over the next six months, with high expectations for making a profit on the sale. Sixty-four percent of about 3,000 consumers recently surveyed by realtor.com® said they intend to sell their home this spring or summer. That could bring some …
