Asian American Homeownership Rates Rebound Homeownership is a big part of the American dream for Asian Americans, according to a new report from realtor.com® that coincides with Asian American & Pacific Islander Heritage Month. Their presence in the real estate market has been rebounding sharply after having decreased during the early stages of the pandemic. …
Tag: News
May 05
Great Resignation Leads to Real Estate Rush
Great Resignation Leads to Real Estate Rush Since the pandemic began, a “Great Resignation” has taken root as people left their jobs. Many of them apparently may be shifted careers to real estate. From January 2021 to January 2022, the top trending career search entry was “how to become a real estate agent,” according to …
May 05
Start Your New Home Journey
Start Your New Home Journey Getting pre-approved is crucial first step when searching for your dream home! With the help of myself and Katy Sychterz of RoundPoint Mortgage, (NMLS# 183951 – 484.534.5107) we can explore homebuying options to help you meet your goals. #RealEstate #Realtor #HomePurchase #BuyersMarket #PlymouthMeetingRP
May 04
US Metros See Major Price Appreciation
US Metros See Major Price Appreciation Homeowners may be shocked by what their home is now worth. In the first quarter, 70% of the largest metros in the U.S. posted double-digit price growth in median single-family existing-home sales prices, the National Association of REALTORS® reported Tuesday. The median sales price of a single-family existing home …
May 04
Homeowners Undeterred By Rising Costs for Remodeling
Homeowners Undeterred By Rising Costs for Remodeling Forty-year-high inflation and supply chain challenges aren’t ruining homeowners’ plans to spruce up their homes, finds a new survey from Nationwide of 1,000 homeowners. Seventy-one percent of homeowners who have upcoming house projects say they expect to proceed with them despite higher costs, delayed timelines, and the limited …
May 03
Common Inspection Problems Uncovered in New Homes
Common Inspection Problems Uncovered in New Homes About 14% of new home buyers—or one in seven—forgo a home inspection, a survey finds from Clever Real Estate. Buyers are more likely to hire a home inspector when purchasing an existing home. But new homes can turn up problems too. For those who did do an inspection, 65% …
May 03
States Where the Middle Class Lives Comfortably
States Where the Middle Class Lives Comfortably The middle class comprises the largest economic group in the country. It’s also a segment that has been increasingly cost-burdened in real estate, often paying more than 30% of their income toward housing. Its members are in search of affordable housing markets, bolstered by a strong job market—middle-class …
May 03
Mortgage Rates Average 5.10%
Mortgage Rates Average 5.10% The 30-year fixed-rate mortgage barely budged this week, but it’s still stressing home shoppers feeling concern about being priced out. The 30-year fixed-rate mortgage averaged 5.10%, down slightly from 5.11% last week, Freddie Mac reports. But it is one week before the Federal Reserve is expected to raise interest rates further, …
May 02
Real Estate Companies Posting the Most Growth
Real Estate Companies Posting the Most Growth Real estate companies are banding together and creating giants in the business that are commanding even more of the market share. The U.S.’s 1,000 largest brokerages accounted for 59.2% of the sales volume in 2022, up from 48.2% in 2019, according to a new report from T3 Sixty, …
May 02
Demand Doubles for ARMs
Demand Doubles for ARMs The share of mortgage applications with adjustable-rate mortgages doubled last week when compared to three months ago, the Mortgage Bankers Association reported Wednesday. ARMs, which start at one rate and then fluctuate after a set period, comprised more than 9% of loans and 17% of the dollar volume. ARMs were blamed …
Apr 29
Is a Calmer Market Coming?
Is a Calmer Market Coming? The housing market is showing some early signs of normalizing. Contract signings dropped in March, the fifth consecutive month that pending home sales have fallen, the National Association of REALTORS® reported Wednesday. The Northeast was the only major region of the U.S. that saw a monthly increase in contract signings. …
Apr 28
Closing Costs – What you need to know…
What are closing costs? Learn more about closing costs below! With the help of myself and Katy Sychterz of RoundPoint Mortgage, (NMLS# 183951 – 484.534.5107) we can explore homebuying options to help you meet your goals. #RealEstate #Realtor #HomePurchase #BuyersMarket #PlymouthMeetingRP
