Flood Insurance Premiums Are About to Go Up Many homeowners and buyers in flood-prone areas will see higher flood insurance premiums starting April 1. The premium hikes, which are required by law, will be as little as 2 percent for some properties and as high as 24 percent for others. On average, the increase will …
Tag: News
Mar 23
Affordable Housing Efforts
Affordable Housing Efforts Under an umbrella of higher home prices, mortgage financing giants Fannie Mae and Freddie Mac have recently taken several efforts to try to open up housing options for low- and middle-income buyers. The government-sponsored enterprises have added support for three lower-cost housing options: rural homes, manufactured housing, and the existing stock of …
Mar 22
Home Sales Rebound in Kickoff to Spring
Home Sales Rebound in Kickoff to Spring Low inventory levels and accelerating home prices couldn’t put a lid on existing-home sales in February. Following two consecutive months of declines, existing-home sales rebounded 3 percent in February month over month and reached a seasonally adjusted annual rate of 5.54 million, the National Association of REALTORS® reported …
Mar 21
FHA loans remain a great first time buyer tool
FHA loans remain a great first time buyer tool It’s true, the FHA administration recently reduced the maximum loan amounts for FHA loans. However, this will not substantially impact most borrowers. And, in fact, FHA can be your best option for achieving home ownership. Things to consider: First time home buyers with FHA loans can …
Mar 20
Cities Where Owners Are Still Underwater
Cities Where Owners Are Still Underwater Though homeowners are gaining equity across the country, the number of underwater borrowers in some areas remains high. The metro with the highest share of homeowners with negative equity is Miami-Miami Beach-Kendall, Fla., where the number of those in the red has grown 13.1 percent year over year, according …
Mar 19
Homeowners Keep Getting Richer and Richer
Homeowners Keep Getting Richer and Richer Homeowners with mortgages have seen their equity increase 12.2 percent year over year, according to CoreLogic’s newly released Home Equity Report. Homeowners gained more than $15,000 in home equity between the fourth quarter of 2016 and the fourth quarter of 2017—the highest growth in home equity in four years, …
Mar 16
A home for sale at 2545 Harding Ave Broomall, PA 19008 in Delaware County
A home for sale at 2545 Harding Ave Broomall, PA 19008 in Delaware County Cell Number: (610) 659-3999 {Smart Phones Click to Call} Direct Number: (610) 353-5366 {Smart Phones Click to Call} Fax: (610) 771-4480 Email: anthony@anthonydidonato.com Call me for info on this home for sale at 2545 Harding Ave Broomall, PA 19008 in Delaware …
Mar 16
Floor Plan Fads You’ll See More Often
Floor Plan Fads You’ll See More Often Home floor plans can take much longer to evolve than design trends. Changes tend to occur over years, as some designers and architects look to push the envelope and take a gamble on what they believe will resonate with buyers. But a few trends are starting to emerge. …
Mar 15
Common Contract Contingencies
Common Contract Contingencies Seventy-four percent of contracts in the first month of the year contained settlement contingencies, according to the January 2018 REALTORS® Confidence Index survey, conducted by the National Association of REALTORS®. The monthly survey, based on responses from more than 3,500 REALTORS® about their latest transactions, examines what real estate pros are seeing most …
Mar 14
Thinking about up-sizing or downsizing? Let me help you.
Now that we’ve entered into a buyers’ market, creating a positive first impression and showcasing the best attributes of your home are essential in today’s real estate market. Following these simple tips will help you to prepare your home to sell. De-personalize: remove family photos, personal memorabilia etc. Remove Furniture: Create a feeling …
Mar 13
Why Buyers May Lose If They Don’t Act Now
Why Buyers May Lose If They Don’t Act Now Rising mortgage rates could have a big impact on the direction your buyers choose when shopping for real estate, economists warn. “Every time the interest rates go up, you eliminate a group of people who can no longer afford to buy a house,” Don Frommeyer, a mortgage …
Mar 12
Is the Market Suddenly Softening?
Is the Market Suddenly Softening? The housing market may not be as robust this spring as some originally predicted, and real estate professionals are pointing to the main culprits as rising mortgage rates, a new tax law, and growing affordability problems among first-time buyers. The spring market will be the true judge of whether the housing …
