Mar 30
Follow these five steps to help guide you along your homebuying journey! With our help, we can explore homebuying options to help you meet your goals. 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 …
Mar 30
Ways Buyers Can Sweeten Their Offers Competition is growing more intense heading into the spring season’s busy buying market. Buyers will continue to compete for a limited number of homes for sale. Real estate professionals recently discussed with realtor.com® how their buyers are getting their offers on a home to stand out, besides increasing the …
Mar 30
Happiest Cities in 2022 Location may play a big part in how happy you are. Some cities in the U.S. appear to have happier residents than others. For example, on the top 10 list, more cities were in California than any other state. WalletHub researchers used positive-psychology research to rank the nation’s 180 largest cities …
Mar 29
FHA, VA Loan Demand Drops on Higher Rates First-time buyers and veterans may be facing increasing obstacles to affording homeownership. In response, mortgage applications for home purchases involving Federal Housing Administration and Veterans Affairs loans are falling. The loans tend to be popular with first-time buyers, veterans, and those with lower incomes less able to pay …
Mar 29
Mortgage Rates Surge to 4.42% Elevated inflation and the Federal Reserve’s monetary tightening policy drove the latest leap in mortgage rates this week. Since the beginning of this year, mortgage rates have jumped by 1.2%. The typical home buyer would need to spend $250 more every month to be able to purchase a home, Nadia …
Mar 28
New-Home Sales Softened in February Material and labor shortages continue to constrain both new-home supply and sales, economists said as February saw another dip in new-home sales. Buyer demand remains high, but builders struggle to add greater inventory. Sales of new single-family homes reached a seasonally adjusted annual rate of 772,000 in February, down 2% from January …
Mar 25
In the competitive market, many aspiring home buyers continue to be priced out, according to a new study from the National Association of Home Builders. About 87.5 million households are unable to afford a median-priced new home. If prices rise by just $1,000, an additional 117,932 people would be priced out, according to the NAHB’s …
Mar 25
Why being pre-qualified and pre-approved is the best place to start when buying a home! Check out the chart 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
Mar 16
All-Cash Buyers More Likely to Win Bidding Wars Buyers who offered an all-cash transaction were four times more likely to win in a competitive offer situation than those who didn’t in 2021, according to a report from Redfin. All-cash offers were found to be significantly more successful than other strategies, such as waiving the financing …
Mar 15
Russians Unloading Luxury Homes Across US Wealthy Russians across the country are reportedly trying to sell hundreds of millions of dollars worth of U.S. property, the New York Post reports. The sales are being triggered by Russia’s invasion of Ukraine and growing sanctions that could put some oligarch’s fortunes in doubt. The Post documents several …
Mar 15
State-by-State Breakdown of Fourth-Quarter Equity Gains Rising home prices have brought rising equity gains for homeowners. In the fourth quarter, the average homeowner nationwide gained about $55,300 in equity over the past year, according to a new analysis released by CoreLogic, its latest quarterly “Homeowner Equity Insights” report. Western state homeowners are continuing to see …
Mar 15
Mortgage Rates Rise to 3.85% Following two weeks of declines, mortgage rates edged up, and economists say that consumers should expect further increases over the coming weeks. The Federal Reserve will likely raise its short-term interest rates at its meeting next week. While the Fed’s benchmark rates do not have a direct effect on mortgage …
