Home Sellers Are Feeling More Optimistic As home prices rise by double-digit margins year over year, homeowners are increasingly viewing selling favorably. Consumers reported a significantly more positive view of homeselling conditions month over month in January, jumping 16 percentage points on net, according to Fannie Mae’s Home Purchase Sentiment Index, based on a survey …
Tag: News
Feb 10
Reopening Plan Vital for Brokers to Avoid Liability
Reopening Plan Vital for Brokers to Avoid Liability Many brokerages are considering reopening workplaces to workers, clients, and the public as the COVID-19 vaccine brings hope against the pandemic. But with more than 1,500 workplace safety lawsuits related to coronavirus exposure since the start of the pandemic, a COVID-19 reentry plan is necessary to …
Feb 10
The Selling process explained…
The road to selling a home can be daunting without the help of a professional real estate agent. It’s our goal to get your home sold quickly with you being educated and prepared for what’s to come. John Coneys of Freedom Mortgage, (NMLS# 183853 – 610.322.4886) and I can help you figure out how the …
Feb 09
More Borrowers Are Turning to Credit Unions for Loans
More Borrowers Are Turning to Credit Unions for Loans Credit union membership and lending is growing as borrowers increasingly turn to them for mortgages. Between the end of 2019 and September 2020, credit union membership increased by 3.37 million, or 2.8%. Credit union membership now totals 125.11 million, CNBC reports. Further, loan portfolios at credit …
Feb 09
Ex-Urbanites Bring Rude Awakening to Quiet Suburbs
Ex-Urbanites Bring Rude Awakening to Quiet Suburbs Former urban dwellers who have fled to quieter, smaller towns during the pandemic may find resistance to their big-city lifestyles among their new neighbors. An estimated 5% of New York’s population—or more than 300,000 people—moved to the suburbs over the last year, according to U.S. Postal Service data. …
Feb 08
Mortgages for Home Purchases Reach Record High
Mortgages for Home Purchases Reach Record High As home prices rise, home buyers are having to borrow more. The average amount for a mortgage on a home purchase recently surged to an all-time high of $395,200, the Mortgage Bankers Association reported for the week ending Jan. 22. “Average purchase loan amounts in early 2021 …
Feb 08
Spring Buyers Must Be Ready to Act
This spring will likely be another fiercely competitive one for home buyers. Real estate professionals should prepare their house hunters for record low inventories and rapidly rising home prices. “Demand for housing was already strong coming into the year and we don’t see that slowing down with millennials reaching prime home-buying age, and many remote …
Feb 04
Climate Events Put Home Buyers On Edge
Climate Events Put Home Buyers On Edge The U.S. received little relief from the occurrence of natural disasters in 2020, which marked the sixth consecutive year with more than 10 weather and climate events that surpassed $1 billion in economic losses, according to CoreLogic’s newly released 2020 Climate Change Catastrophe Report. Many properties in the …
Feb 03
Home buying Journey
Buying a home is a very exciting time so follow these five steps to ensure you have a smooth homebuying experience! With the help of myself and John Coneys of Freedom Mortgage, (NMLS# 183853 – 610.322.4886) we can explore homebuying options to help you meet your goals. #RealEstate #Realtor #HomePurchase #BuyersMarket #FreedomFast #PlymouthMeetingFM
Feb 03
Signings Surge to Highest Rate Ever in December
Signings Surge to Highest Rate Ever in December Pending home sales reached a record high for December last month as the unseasonable housing surge continued in markets across the country during the COVID-19 pandemic. Pending sales were up 21.4% year over year in December, reaching the highest reading for a December on the National …
Feb 02
Lumber, Building Material Costs Press on New-Home Prices
Lumber, Building Material Costs Press on New-Home Prices New-home sales tapered off at the end of 2020 as higher home prices offset some of the strong buyer demand seen earlier in the year. While sales of newly built single-family homes increased 1.6% in December, sales had been much stronger over recent months. New-home sales in …
Feb 02
30-Year Rates Inch Back Down This Week
30-Year Rates Inch Back Down This Week Mortgage rates headed back down this week, continuing to hover near all-time lows. “As the market reacts to a new administration in Washington and COVID-19-driven economic malaise, mortgage rates continued to decrease this week, just slightly,” said Sam Khater, Freddie Mac’s chief economist. Also, the Federal Reserve announced …
