Mortgage Rates Rise for First Time in 6 Weeks Mortgage rates inched up slightly from their near all-time lows this week. The 30-year fixed-rate mortgage averaged 2.87%, Freddie Mac reported. “Following last Friday’s strong jobs report, which revealed broad based gains in employment and wage growth, mortgage rates are moving higher,” said Sam Khater, Freddie …
Tag: Anthony DiDonato
Aug 17
Renters facing bidding wars
Renters facing bidding wars Bidding wars are growing more commonplace in the rental market as the demand for apartments and single-family rentals outpaces the supply. “We’ve been leasing property for almost 20 years, and we haven’t seen an applicant pool this competitive since we’ve started,” Vipin Motwani, managing principal at Iron Gate Development in Clinton, …
Aug 16
Sea Isle City / Jersey Shore Home – 28 53rd St #East Sea Isle City, NJ 08243
Sea Isle City / Jersey Shore Home – 28 53rd St #East Sea Isle City, NJ 08243 $1,699,000 Est. Mortgage $7,414/mo* 5 Beds 4 Baths Description about this home for sale at 28 53rd St #East Sea Isle City, NJ 08243 Amazing Views and Location! This is what you’ll get with this custom built, beach …
Aug 16
First-Time Home Buyers
First-Time Home Buyers Mortgage demand for home purchases reversed course last week, after falling for the past month, the Mortgage Bankers Association reported Wednesday. Mortgage applications to purchase a home increased 2% for the week and offered a signal that more first-time buyers may be emerging. Still, purchase applications are 18% lower than a year …
Aug 16
Single-Family Lot Values
Single-Family Lot Values Lot values for single-family, detached homes have never been higher. In 2020, prices jumped 18% to a median lot price nationwide of $53,000, according to an analysis of Census Bureau data by the National Association of Home Builders. The higher prices for lots—along with material costs—have pressed on buyers’ and builders’ budgets …
Aug 13
RoundPoint Mortgage Servicing Corporation Pre-Approval Checklist
RoundPoint Mortgage Servicing Corporation Pre-Approval Checklist ️ Having a checklist of the documents you’ll need when seeking a preapproval can really come in handy. 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 …
Aug 11
Sea Isle City / Jersey Shore Home – 137 77th St Sea Isle City, NJ 08243
Sea Isle City / Jersey Shore Home – 137 77th St Sea Isle City, NJ 08243 $1,699,000 Est. Mortgage $7,421/mo* 6 Beds 5 Baths 2508 Sq. Ft. Description about this home for sale at 137 77th St Sea Isle City, NJ 08243 Come home to one of the best streets in Sea Isle City between …
Aug 11
Rise in Affordable Listings
Rise in Affordable Listings Housing inventory is increasing with an uptick in more affordable homes, which could lead to a possible door opening for more first-time buyers. New listings rose 6.5% in July, marking the fourth consecutive month for annual increases, according to realtor.com®’s Monthly Housing Report. “July housing trends show a market still working …
Aug 11
Cities That Owned the Wild 2020 Market
Cities That Owned the Wild 2020 Market In 2020, home buyers left states with high taxes and pricey housing in favor of lower-cost metro areas, such as Texas, Florida, North Carolina, South Carolina, Georgia, and Tennessee, according to CoreLogic’s 2020 Hottest Cities for Homebuyers Report. “The pandemic created a perfect recipe for consistently employed Americans,” …
Aug 10
Jersey Shore / Sea Isle City Home – 8005 Landis Ave Sea Isle City, NJ 08243
Jersey Shore / Sea Isle City Home – 8005 Landis Ave Sea Isle City, NJ 08243 $2,295,000 Est. Mortgage $10,281/mo* 6Beds 4 Baths 2460 Sq. Ft. Description about this home for sale at 8005 Landis Ave Sea Isle City, NJ 08243 A Fantastic Opportunity! A unique find with a duplex situated on a 60′ x …
Aug 10
Popular Renovations Focus on Adding Entertainment Space
Popular Renovations Focus on Adding Entertainment Space Home renovations have been surging during the pandemic, and homeowners aren’t shying away from major redos either. More than half—55%—of more than 2,000 U.S. homeowners recently surveyed reported making substantial improvements to their homes that they believe will boost their home’s value, according to a July survey …
Aug 10
Third of Homes Are ‘Equity Rich’
Third of Homes Are ‘Equity Rich’ Higher home prices are translating into mega wealth for those who own. Thirty-four percent of residential properties in the U.S. with a mortgage were considered “equity rich” in the second quarter, which means the combined estimated amount of loans secured by the properties was at least 50% of its …