10 Standout Markets for 2022 Expect the nation’s hottest markets next year to be centered largely in tech hubs in the Midwest and Mountain states, which offer affordable alternatives to pricier coastal regions. Realtor.com® recently released its forecast of the top-performing markets for 2022. “Our top housing markets are attracting remote-minded workers, possibly interested in …
Tag: News
Dec 09
How Quickly Will Mortgage Rates Rise in 2022?
How Quickly Will Mortgage Rates Rise in 2022? Mortgage rates play a big role in borrowers’ buying power. Super low rates over the past year have allowed many home buyers to stretch their housing budgets, important as they have faced high home price increases. But many economists are predicting higher rates over the next …
Dec 07
Larger Homes Driving Moves
Larger Homes Driving Moves With Americans spending more time at home during the pandemic, their motivation to move has increased, finds a survey from StorageUnits.com, a storage facility firm. Thirty-seven percent of about 1,250 Americans recently surveyed said they moved into homes with more square footage between March 2020 and October 2021. Thirty-nine percent of Americans say …
Dec 07
Home Goods That Are Getting Pricier, Harder to Find
Home Goods That Are Getting Pricier, Harder to Find Supply chain woes have been hitting the housing market, affecting appliances, windows, paint, and other items needed to build, repair, or improve home. That has driven prices higher. New-home buyers have felt the pinch: The median sales price for a new home in October was …
Dec 06
Mortgage Rates Remain Stable—For Now
Mortgage Rates Remain Stable—For Now Mortgage rates held steady this week as the world awaits more information about the severity of the omicron variant of COVID-19 and ongoing supply chain issues. The 30-year fixed-rate mortgage averaged 3.11%, Freddie Mac reports. “Mortgage rates continue to remain stable notwithstanding volatility in the financial markets,” says Sam …
Dec 06
2022 Outlook for Home Sales
2022 Outlook for Home Sales As the latest coronavirus variant remains a wild card for the housing market, real estate experts are still predicting a mostly lively year for home sales in markets across the country. However, home shoppers may find some relief for escalating home prices, which have been trending with double-digit increases …
Dec 02
Mortgage Loan Limits Set for 2022
Mortgage Loan Limits Set for 2022 The Federal Housing Finance Agency announced Tuesday that conforming loan limits for mortgages backed by Fannie Mae and Freddie Mac will jump in most of the country to $647,200, an increase of $98,950 from 2021’s limit of $548,250. The higher levels are in response to rising home prices over …
Dec 01
Home Buyers Eager to Act Sooner Rather Than Later
Home Buyers Eager to Act Sooner Rather Than Later Contract signings climbed 7.5% in October, and home sales for 2021 are on pace to hit a 15-year high, the National Association of REALTORS® reported Monday. Pending home sales rebounded after a decline in September. Despite rising mortgage rates, home buyers appear undeterred by higher …
Dec 01
More Store Openings Than Closures
More Store Openings Than Closures More brick-and-mortar retail is needed. Store openings are outnumbering closings for the first time in four years, according to an analysis of more than 900 chains by the IHL Group, a research firm. The largest amount of growth is coming from mass merchants, food, drugs and pharmacy, and convenience chains, The …
Nov 30
Expect an Unseasonably Hot Winter for Home Sales
Expect an Unseasonably Hot Winter for Home Sales This winter is expected to be unseasonably hot for the housing market. “Compared to other past winter seasons, this winter season’s sales activity will be stronger,” says Lawrence Yun, chief economist of the National Association of REALTORS®. “This winter, there will be more sales compared to pre-pandemic …
Nov 30
Perform a ‘Home Inspection’ While Hanging Holiday Lights
Perform a ‘Home Inspection’ While Hanging Holiday Lights Holiday decorating is in full swing, and as homeowners deck their halls, they may want to also use the festivities as an excuse to inspect several out-of-sight ares of their home. Groundworks, a basement and foundations firm, offers up tips to spot needed repairs in the …
Nov 29
Glass, Window Shortages Delay Homebuilding
Glass, Window Shortages Delay Homebuilding Glass is joining the list of building materials in short supply. A range of industries, including shower door manufacturers and window installers, are reporting glass shortages. Nearly two-thirds of home builders said that windows are their biggest material shortage, according to a recent survey from John Burns Real Estate Consulting. …
