Jun 22
Steadier Mortgage Rates Buoy Loan Demand Mortgage applications for refinancing and home purchases remained elevated last week as mortgage rates continued to give consumers incentive to make a move. “Both the 10-year Treasury yield and the 30-year conventional mortgage fixed rate held steady last week, keeping rates well below the recent highs,” says Lynn …
Jun 21
Teardowns Account for More New Homes More than 10 percent of new single-family homes that began construction in 2016 were part of a teardown project, according to new data from the National Association of Home Builders. That’s up from 7.7 percent in 2015. NAHB defines a teardown as a home that is built on …
Jun 20
Equity Gains Shut Out Would-Be Buyers Homeowners nationwide have doubled their equity since 2009. While that’s good news for those who already own, prospective buyers say increases in home values—which lead to higher prices—are making it more difficult for them to break into home ownership. Challenges to housing affordability will not be solved soon because …
Jun 19
Why Your Clients Are Smart to Buy in Summer Summertime in the housing market brings countless buying and selling opportunities. But with all the competition out there, would your clients be better off waiting a few months? Real estate experts say no. They contend home prices peak from June to August and say there …
Jun 16
Zero-Down Loans Making a Comeback Your buyers may soon be able to bring less to closing. They were blamed for precipitating the housing crisis years ago, but major lenders are giving no- and low-down payment loans another shot. Several major lenders are reportedly offering loans with just 1 percent down. Navy Federal, the nation’s …
Jun 14
How Long Does It Take to Get a Mortgage? Home shoppers may need to plan for more time than they realize when they’re starting the process of obtaining a mortgage. “Today’s mortgage process is very involved, particularly with regard to the documentation required, third-party verification, and the independent appraisal process,” says Whitney Fite, president …
Jun 13
How to Get Noticed on Social Media Forbes columnist Jayson DeMers offers the following tips to get more visibility from your social media posts, maximize your outreach, and increase your followers. Leverage influencers: Get people who already have high visibility on social media to share your posts. Target influencers within the industry and …
Jun 12
from Rita M. regarding 740 Primos Ave. Primos, PA 19018. (06/09/2017) “Anthony is a true professional. He understood that we were selling our Mother’s house because she recently passed away. He was very knowledgeable and compassionate and made our sale go smoothly. I would recommend him to anyone looking to sell or buy a home.“
Jun 09
Celebrating Frank Lloyd Wright’s 150th Birthday June 8 marks the 150th birthday of Frank Lloyd Wright, the legendary architect who continues to have a lasting footprint on the styles of residential homes, museums, churches, commercial buildings, and more. Wright is credited as creating four major design styles during his career: Prairie, Textile, Organic, and …
Jun 08
Fannie to Loosen Mortgage Requirements Government-sponsored financing giant Fannie Mae will ease its requirements next month, raising its debt-to-income ceiling from 45 percent to 50 percent on July 29. The move could pave the way for a larger number of new buyers to qualify for a mortgage, particularly millennials who may be saddled with …
Jun 05
President Trump Vows to Strengthen Middle-Class Housing National Home ownership Month kicks off this month, and President Donald Trump is pledging to strengthen the middle class by reducing rules and regulations and cutting taxes that he believes will help them become homeowners. This year’s theme for National Home ownership Month is “Find Your Place in …
Jun 02
Stellar Yelp Reviews Buoy Home Prices? A good Yelp review of a restaurant can certainly be a boon to that eatery’s business, but a new study shows that it can also be a boon to nearby home values too. Researchers used Washington, D.C., to test their theory into restaurant quality and impact on property …
