‘Essential Service’ Battle Is Back Concerns in the real estate industry are mounting as more states move toward tougher coronavirus restrictions—including lockdowns in New Mexico and Oregon. As COVID-19 cases surge to a record high nationwide, at issue is whether states will deem real estate an essential service if they reinstitute mandatory stay-at-home orders. New …
Tag: News
Nov 23
Foreclosure Filings Are on the Rise
Foreclosure Filings Are on the Rise Foreclosure filings in October climbed 20% compared to September’s figures as the pandemic remains a threat to homeownership for some Americans and to the economy, ATTOM Data Solutions, a real estate research firm, reports. Foreclosure filings include default notices, scheduled auctions, or bank repossessions. “It’s a little surprising to …
Nov 23
More Buyers Want Space for Mom and Dad
More Buyers Want Space for Mom and Dad As the pandemic continues, more home buyers are looking for properties that can house their older family members. The goal for these buyers is to keep their aging family members out of senior living—particularly group setting facilities, which have been on heightened alert during the COVID-19 …
Nov 20
News of COVID-19 Vaccine Lifts Mortgage Rates
News of COVID-19 Vaccine Lifts Mortgage Rates © REALTOR® MAGAZINE The interest rate for a 30-year fixed-rate mortgage rose to a 2.84% average this week but remains near all-time lows. Last week, the rate for a 30-year fixed-rate mortgage set a record low of 2.78%. “Mortgage rates jumped this week as a result …
Nov 19
Where Renters Are Lagging on Payments
Where Renters Are Lagging on Payments Amid the coronavirus pandemic, nearly one in six renters are late on their payments, according to a LendingTree analysis reflecting data from late September to early October. Further, more than one in four renters say they have no confidence or are only slightly confident in being able to make …
Nov 18
Credit tips when Applying for Mortgage
Credit tips when Applying for Mortgage Buying a home is easy when you have great credit! Follow these six credit tips to help ensure you have a smooth mortgage 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 …
Nov 17
Pause During COVID-19 Surge, Election
Pause During COVID-19 Surge, Election Home shopping was down last week as the nation focused its attention on a heated presidential election and a surging number of coronavirus cases across the country, realtor.com® reports in its Weekly Housing Report. Mortgage demand from home buyers dropped to the lowest level in six months, the Mortgage Bankers …
Nov 17
10 Counties With Equity-Rich Properties
10 Counties With Equity-Rich Properties In the third quarter, 16.7 million residential properties in the U.S., or 28.3% overall, were considered “equity rich,” according to a new report from ATTOM Data Solutions, a real estate research data firm. A property is considered equity rich when the property owner has at least 50% equity in the …
Nov 16
How Lenders Rate on Customer Satisfaction During Pandemic
How Lenders Rate on Customer Satisfaction During Pandemic Mortgage rates at all-time lows have helped drive U.S. home sales to a 14-year high. Existing homeowners also are rushing to take advantage, prompting a 200% annual increase in refinancing. Mortgage lenders have faced a hectic business during the pandemic as many systems were quickly forced to go …
Nov 16
Real Estate Stocks Surge on Hopes for a Vaccine
Real Estate Stocks Surge on Hopes for a Vaccine Monday’s announcement of promising COVID-19 vaccine test results prompted investors to get bullish on several real estate stocks, notably within sectors of the market that have faltered during the pandemic. The Wall Street Journal reported as part of Monday’s vaccine news: “The share prices of some …
Nov 12
Jumbo, FHA Mortgage Rates Fall to Record Lows
Jumbo, FHA Mortgage Rates Fall to Record Lows The rates for jumbo and FHA loans dropped to all-time lows last week. Jumbo loans are for borrowers taking out larger loans while FHA loans offer borrowers’ low-down-payment loans. Their new lows fueled mortgage demand last week, the Mortgage Bankers Association reports. The average contract interest rate …
Nov 11
Havertown PA Home 121 Lewis Rd Havertown, PA 19083
Havertown PA Home 121 Lewis Rd Havertown, PA 19083 3 Beds 3 Baths 1,528 sqft $324,999 $319,999 Est. Mortgage $1,713/mo Description about this home for sale at 121 Lewis Rd Havertown, PA 19083 This single-family home is located at 121 Lewis Rd, Havertown, PA. 121 Lewis Rd is in Havertown, PA and in ZIP …
