Home Buyers Are Still Hopeful Home prices remain high and mortgage rates are rapidly rising, but home buyers are still hopeful about this spring. A new survey from OJO Labs, a real estate search site, shows that at least half of buyers believe the next three months will be a good time to buy a …
Tag: News
Apr 26
Multiple Offers Remain Prevalent This Spring
Multiple Offers Remain Prevalent This Spring Home sellers are still fetching multiple offers on their properties and buyers continue to face competition, even as the housing market has shown some signs of slowing. REALTORS® reported an average of nearly five offers on each home that sold in March, according to the March REALTORS® Confidence Index …
Apr 25
New-Home Projects Jump 47%
New-Home Projects Jump 47% New-home buyers are having a long wait for their homes to be done. Labor shortages and global supply chain bottlenecks are delaying the completion of many new-home construction projects. The number of housing units that were authorized but didn’t start construction yet rose by 47% nationwide from 2019 to 2021, according …
Apr 25
Foreclosure Activity at New High Since the Pandemic Began
Foreclosure Activity at New High Since the Pandemic Began Foreclosure starts and bank repossessions are at their highest numbers in the last two years. Most pandemic-initiated moratoriums have lifted by now and lenders are starting to resume foreclosures. Still, foreclosure activity remains well below historical levels. The number of properties with a foreclosure filing during …
Apr 21
What to expect during the loan process
Having a healthy credit score is important when getting pre-approved! Here is what to expect when applying for a mortgage. 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
Apr 20
Home Buyers’ Top Regrets
Home Buyers’ Top Regrets About 70% of buyers recently surveyed say they have at least one regret about their homebuying experience, according to the “Buyer and Seller Insights Report for 2022” conducted by HomeLight, a real estate referral company. The biggest regrets: What they paid for their home and home maintenance. Twenty-two percent of buyers …
Apr 19
Sellers May Need to Consider Price Drops
Sellers May Need to Consider Price Drops Higher mortgage rates may soften demand this spring as worsening affordability prices more buyers out of the market. With mortgage applications down 6% from a year ago, sellers may need to be more realistic about how much they can ask for their property. An increasing number of listings …
Apr 19
Buyers Making Compromises to Find a Suitable Home
Buyers Making Compromises to Find a Suitable Home Over the past year, home buyers have faced steep competition, which has included fierce bidding wars. Inventory shortages and high demand have forced them to rethink their priorities when shopping for a home. Eighty percent of buyers say they’ve had to compromise on key home features, according …
Apr 18
First-Time Buyers Still Want a Bathtub
First-Time Buyers Still Want a Bathtub Bathroom remodeling trends in recent years have focused on removing the bathtub and supersizing the shower. But that could actually hurt a property’s resale value, depending on the buyers you’re trying to attract. Bathroom Remodeling Trends Focus on Spa-Like Upgrades First-time home buyers say they want a shower-tub combo, …
Apr 18
Pre- Approval Checklist
Check out this handy pre-approval checklist! 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
Apr 15
Property Taxes Rising at Slower Pace
Property Taxes Rising at Slower Pace The average property tax on a single-family home in 2021 rose at the smallest pace in five years. Taxes rose by 1.8% last year, from $3,719 in 2020 to $3,785 in 2021 nationwide, according to a new report from ATTOM Data Solutions, a real estate data firm. “It’s hardly …
Apr 14
Inflation Edges Higher, Affecting Housing
Inflation Edges Higher, Affecting Housing The rate of inflation reached 8.5% in March, continuing at a 40-year high and showing few signs of relief for consumers. Higher gas prices, food, and housing costs fueled the consumer price index’s jump. “Aggressive inflation will force the Federal Reserve to raise interest rates multiple rounds this year and actively pursue …
