Housing Starts Pick Up as 2021 Comes to a Close Buyers have been drawn to new-home construction as existing housing inventories remain lean. Builders have struggled to ramp up construction even more due to the high demand as building materials, labor, and lot shortages loom. However, builders say they’re building as much as they …
Tag: News
Dec 21
Are More Homeowners ‘House Poor’?
Are More Homeowners ‘House Poor’? Sixty-nine percent of about 1,000 homeowners recently surveyed say they felt “house poor,” a new study from research company ConsumerAffairs shows. Homeowners blame unexpected repair, maintenance, and upkeep costs as some of the reason why. But despite the rise in costs, nine in 10 still believe homeownership is worth it …
Dec 20
Fed Plans Rate Hikes to Manage Inflation
Fed Plans Rate Hikes to Manage Inflation The Federal Reserve said on Wednesday that it plans to have multiple rate increases in 2022 and will taper its monthly asset purchases at a quicker, much more aggressive pace than analysts originally anticipated. What could this mean for mortgage rates? CNBC reports “the days of rock-bottom rates …
Dec 20
Priorities of First-Time Buyers
Priorities of First-Time Buyers More first-time buyers hope to transition from renting to owning in 2022. After a challenging 2021, many are looking ahead to the new year for an opening in the market—one where competition may not be as tight as it has been this year. Aspiring first-time buyers are already actively looking: …
Dec 20
Credit Tips when applying for a mortgage
New loan limit news alert: Expand your home search criteria! Conventional loan limits for 2022 for single-unit properties have gone up 18% from $548,250 to $647,200. To understand how you benefit from this update, let’s talk. With the help of myself and John Coneys of RoundPoint Mortgage, (NMLS# 183853 – 610.322.4886) we can explore homebuying …
Dec 15
Misconceptions About a Seller’s Market
Misconceptions About a Seller’s Market The housing market is hot, but some homeowners may overestimate just how hot it is when they go to sell. Real estate professionals shared with realtor.com® a few unrealistic expectationss that some of their sellers have had, such as that their home has doubled in value since they bought it …
Dec 15
Fewer Homes Affordable to Those Who Earn $100K
Fewer Homes Affordable to Those Who Earn $100K Rising home prices and shrinking inventories are pressing on affordability, the National Association of REALTORS® reports. Home buyers are struggling to find a home to buy—and one they can afford. The share of homes available and affordable for a household earning $100,000 has fallen considerably over …
Dec 14
High Inflation Is Affecting Real Estate
High Inflation Is Affecting Real Estate Rising inflation is pressing on Americans across the economic spectrum with costs for groceries to gasoline increasing. In November, consumer prices increased by 6.8% compared to a year ago, the largest annual gain in the past 40 years. Some of the highest increases occurred for energy, shelter, cars, and …
Dec 14
The Advantages of homeownership
Check out these helpful credit tips! With the help of myself and John Coneys of RoundPoint Mortgage, (NMLS# 183853 – 610.322.4886) we can explore homebuying options to help you meet your goals. #RealEstate #Realtor #HomePurchase #BuyersMarket #PlymouthMeetingRP
Dec 14
Single Women Buyers Outnumber Single Men
Single Women Buyers Outnumber Single Men Women are second only to married couples as a homebuying presence in the real estate market, according to the National Association of REALTORS®. Currently, 19% of the homebuying market are single women, while 9% are single men and 60% are married couples, according to NAR. Single women and …
Dec 13
Mortgage Rates Hold Steady
Mortgage Rates Hold Steady For the last four consecutive weeks, mortgage rates have generally held stable. But that could soon change, with inflation, action from the Federal Reserve possibly quickening its pace to taper its bond purchases, and other financial activity triggered by the ongoing pandemic all playing a role, economists say. “Mortgage rates …
Dec 13
Average Homeowner Equity Gain in Third Quarter: $57K
Average Homeowner Equity Gain in Third Quarter: $57K Homeowners continue to build wealth. Home price growth is reaching the highest level in more than four decades, pushing equity gains to a record high. The average home equity gained between the third quarter of 2020 and the third quarter of 2021 is about $57,000, CoreLogic …
