Top-Performing Housing Markets Right Now Double-digit annual price increases are occurring in housing markets across the country as buyer demand soars. But which housing markets are showing the strongest performance? U.S. News & World Report examined 96 metro areas to identify the top housing markets for 2021. They factored in year-over-year gains in median home …
Tag: News
Feb 23
Land Purchases Pick Up During Pandemic
Land Purchases Pick Up During Pandemic The nation’s leading land brokers report both an increase in business and an uptick in land values as rural land grew in demand last year, according to a new survey of more than 100 land brokers nationwide conducted by the National Land Realty, a real estate land brokerage. 2021 …
Feb 23
Mortgage Rates Rise to 3-Month High
Mortgage Rates Rise to 3-Month High The 30-year fixed-rate mortgage reversed course this week, moving up to a 2.81% average. That marks its highest point since mid-November, Freddie Mac reports. “Economic spending has improved, due to the most recent stimulus, but supply chain shortages are causing downstream inflation, leading to higher mortgage rates,” says Sam …
Feb 22
High-Tech Corridors Are Driving Economic Growth
High-Tech Corridors Are Driving Economic Growth Technology is driving new economies. A strengthening tech corridor helped Provo-Orem, Utah, top a new index on best economic performance among large cities in the U.S., according to the newly released 2021 Milken Institute’s Best-Performing Cities Index. A high-tech industry presence also helped drive job growth and economic performance …
Feb 22
Home Buyers, Renters Are Favoring Smaller Markets
Renters are being drawn to smaller markets due to their lower costs and the opportunity for more space amid the pandemic—but they may now be facing rising rental rates. “Although rents across the U.S. have been growing at a slower pace since the onset of COVID-19 and the major tech hubs continue to see declines, …
Feb 17
The Loan Process and Things to Avoid
The Loan Process and Things to Avoid The loan process can be a smooth one if you know the things to expect and what you should avoid. John Coneys of Freedom Mortgage, (NMLS# 183853 – 610.322.4886) and I can help you figure out how the below info pertains to you and how we can help …
Feb 17
SentriKey to Provide a Seamless, Secure Property Access Experience
SentriKey to Provide a Seamless, Secure Property Access Experience Many brokers and agents will soon have a new showing-service option. SentriLock LLC, a leading real estate tech provider, has announced that it will launch its SentriKey Showing Service product for all of its current lockbox customers on March 31. It will be widely available to all …
Feb 17
Multifamily Construction Is Shifting to the Suburbs
Multifamily Construction Is Shifting to the Suburbs About one-third of multifamily building has moved to low-density markets in the suburbs and exurbs, which are seeing populations increase faster than are city centers over the past year, the National Association of Home Builders reported during the virtual International Builders’ Show on Thursday. The suburbs have …
Feb 16
Buyers, Renters Are Moving for Love
Buyers, Renters Are Moving for Love Forty-one percent of Americans have moved for love, with men more willing to relocate than women for their significant other, a new survey of 1,550 Americans from LendingTree finds. The top five states for a romance relocation, the survey finds, are: Florida (11%), California (10%), New York (7%), Texas …
Feb 16
Mortgage Amounts Reach Record Highs
Mortgage Amounts Reach Record Highs The average purchase loan amount has reached a new record high: $402,200, the Mortgage Bankers Association reported Wednesday. The higher-priced segment of the housing market continues to perform strongly, the MBA says. Mortgage amounts have been climbing to new record highs since April 2020, near the start of the COVID-19 …
Feb 15
Demand for Vacation Homes Surges
Demand for Vacation Homes Surges More buyers are eyeing a vacation home during the pandemic. Mortgage applications for second homes jumped 84% year over year in January. In September 2020, they surged by an even greater amount: 118% year over year. “Although demand is down slightly from the fall peak, the fact that nearly twice …
Feb 15
What Sellers Should Not Display in Their Home Office
What Sellers Should Not Display in Their Home Office The home office has become an important space to stage, but certain memorabilia displayed could turn off some buyers who view the property in-person or online. “For more buyers to see themselves in that office space, you’ll do well to take a lot of ‘you’ out …
