Applications to purchase new homes remain skewed toward higher-priced homes, the Mortgage Bankers Association reports. The average loan size for a new home soared to a record high last month, reaching $423,102, the MBA reports. That marks an increase from $414,114 in November on new-home loan sizes. Higher sales prices are following higher building costs. …
Tag: Anthony DiDonato
Jan 24
Can New-Home Starts Maintain 2021 Highs?
Builders ramped up construction on new homes last year as buyers eagerly sought more housing options. Single-family housing starts jumped 13.4% in 2021 compared to 2020, the Commerce Department reported Wednesday. But builders say supply-side challenges pose challenges to keeping that pace in 2022. In December, builders pointed to supply challenges as the main culprit …
Jan 24
Kitchen Pantries a Sought-After Amenity
The kitchen pantry has become a craved amenity in more homes today. They may be worthy of your attention if staging the space in a home listing. Larger, more functional pantries are a popular add-on in home remodels, according to the latest trends study released by the National Kitchen & Bath Association. Sixty percent of …
Jan 24
Credit Tips When Applying for a Mortgage
NEW YEAR! NEW HOME! With the help of myself and John Coneys of RoundPoint Mortgage, (NMLS# 183853 – 610.322.4886) we can explore homebuying options to help you meet your goals. #RealEstate #Realtor #HomePurchase #BuyersMarket #PlymouthMeetingRP
Jan 20
Buyers May Find Opening With Mortgage Credit
Buyers May Find Opening With Mortgage Credit Mortgage credit availability loosened in December, even as house hunters continue to face higher prices that are hampering affordability, according to the Mortgage Bankers Association. MBA’s Mortgage Credit Availability Index posted its highest reading since May 2021. However, credit availability is still 30% below pre-pandemic levels. “Credit …
Jan 19
Media PA / Delaware County Home – 910 Palmers Mill Rd Media, PA 19063
Media PA / Delaware County Home – 910 Palmers Mill Rd Media, PA 19063 $769,000 Est. Mortgage $4,135/mo* 4 Beds 3 Baths 2005 Sq. Ft. Description about this home for sale at 910 Palmers Mill Rd Media, PA 19063 Quick Delivery Home! Move into this new home by early Spring 2022 or sooner. Welcome to …
Jan 19
HUD Gives Early Chance to Owner-Occupant Buyers
HUD Gives Early Chance to Owner-Occupant Buyers The Federal Housing Administration doubled its exclusive listing period on certain HUD single-family and real estate-owned homes that will give owner-occupant buyers more time to bid on the properties ahead of investor competition. HUD-approved nonprofit organizations and government entities also will be able to submit bids to …
Jan 19
‘Foreclosure Tsunami’ Fears Unfounded
‘Foreclosure Tsunami’ Fears Unfounded With moratoriums in place, foreclosures were nearly non-existent last year. Even as pandemic protections have lifted, a foreclosure wave—which was an industry concern—has not occurred. “The COVID-19 foreclosure tsunami that some people had anticipated is clearly not happening,” says Rick Sharga, executive vice president at RealtyTrac, an ATTOM company. “Government …
Jan 18
Havertown PA / Delco Home – 419 Campbell Ave Havertown, PA 19083
Havertown PA / Delco Home – 419 Campbell Ave Havertown, PA 19083 $465,000 Est. Mortgage $2,499/mo* 4 Beds 2 Baths 1630 Sq. Ft. Description about this home for sale at 419 Campbell Ave Havertown, PA 19083 Charming and lovingly maintained, this 4 bedroom, 1 1/2 bath Woodmere Park colonial, is sure to catch your eye! …
Jan 18
Mortgage Rates Post Big Jump This Week
Mortgage Rates Post Big Jump This Week Inflation continues to press on mortgage rates. The 30-year fixed-rate mortgage averaged 3.45% this week, up from last week’s 3.22% average, Freddie Mac reports. “Mortgage rates rose across all mortgage loan types, with the 30-year fixed-rate mortgage increasing by almost a quarter of a percent from last week,” …
Jan 18
Cities Happiest With Their Neighbors
Cities Happiest With Their Neighbors A pleasant neighbor can make homeowners happier, studies have found. But do certain cities and towns tend to be more neighborly than others? StorageCafe, a storage unit search site, surveyed nearly 11,000 Americans to gauge neighborliness across the country. They factored in satisfaction with neighbors, sense of community, involvement in community …
Jan 17
Broomall PA / Delco Home – 210 Oakwynne Rd Broomall, PA 19008
Broomall PA / Delco Home – 210 Oakwynne Rd Broomall, PA 19008 $579,900 Est. Mortgage $3,165/mo* 4 beds 3 baths 2612 sq. ft. Description about this home for sale at 210 Oakwynne Rd Broomall, PA 19008 Look no further, very well-maintained center hall colonial in Parkwynne Estates. This immaculate updated home has a wonderful open …
