Listings Begin to Linger Even in this ultra-hot competitive market, there’s a limit to what home buyers are willing to pay. Some home sellers are starting to see their listings linger on the market, and those sellers may face the prospect of a price cut. Realtor.com®’s July housing data showed that about 45 cities of …
Tag: News
Aug 18
REALTORS® See Hope for Eviction Ban to Be Overturned
REALTORS® See Hope for Eviction Ban to Be Overturned A federal judge rejected a request from housing groups on Friday to block the Centers for Disease Control and Prevention’s latest eviction moratorium, but the legal fights are far from over. Led by the Alabama and Georgia associations of REALTORS®, with the National Association of REALTORS®’ …
Aug 17
Mortgage Rates Rise for First Time in 6 Weeks
Mortgage Rates Rise for First Time in 6 Weeks Mortgage rates inched up slightly from their near all-time lows this week. The 30-year fixed-rate mortgage averaged 2.87%, Freddie Mac reported. “Following last Friday’s strong jobs report, which revealed broad based gains in employment and wage growth, mortgage rates are moving higher,” said Sam Khater, Freddie …
Aug 17
Renters facing bidding wars
Renters facing bidding wars Bidding wars are growing more commonplace in the rental market as the demand for apartments and single-family rentals outpaces the supply. “We’ve been leasing property for almost 20 years, and we haven’t seen an applicant pool this competitive since we’ve started,” Vipin Motwani, managing principal at Iron Gate Development in Clinton, …
Aug 16
First-Time Home Buyers
First-Time Home Buyers Mortgage demand for home purchases reversed course last week, after falling for the past month, the Mortgage Bankers Association reported Wednesday. Mortgage applications to purchase a home increased 2% for the week and offered a signal that more first-time buyers may be emerging. Still, purchase applications are 18% lower than a year …
Aug 16
Single-Family Lot Values
Single-Family Lot Values Lot values for single-family, detached homes have never been higher. In 2020, prices jumped 18% to a median lot price nationwide of $53,000, according to an analysis of Census Bureau data by the National Association of Home Builders. The higher prices for lots—along with material costs—have pressed on buyers’ and builders’ budgets …
Aug 13
RoundPoint Mortgage Servicing Corporation Pre-Approval Checklist
RoundPoint Mortgage Servicing Corporation Pre-Approval Checklist ️ Having a checklist of the documents you’ll need when seeking a preapproval can really come in handy. 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 …
Aug 11
Rise in Affordable Listings
Rise in Affordable Listings Housing inventory is increasing with an uptick in more affordable homes, which could lead to a possible door opening for more first-time buyers. New listings rose 6.5% in July, marking the fourth consecutive month for annual increases, according to realtor.com®’s Monthly Housing Report. “July housing trends show a market still working …
Aug 11
Cities That Owned the Wild 2020 Market
Cities That Owned the Wild 2020 Market In 2020, home buyers left states with high taxes and pricey housing in favor of lower-cost metro areas, such as Texas, Florida, North Carolina, South Carolina, Georgia, and Tennessee, according to CoreLogic’s 2020 Hottest Cities for Homebuyers Report. “The pandemic created a perfect recipe for consistently employed Americans,” …
Aug 10
Popular Renovations Focus on Adding Entertainment Space
Popular Renovations Focus on Adding Entertainment Space Home renovations have been surging during the pandemic, and homeowners aren’t shying away from major redos either. More than half—55%—of more than 2,000 U.S. homeowners recently surveyed reported making substantial improvements to their homes that they believe will boost their home’s value, according to a July survey …
Aug 10
Third of Homes Are ‘Equity Rich’
Third of Homes Are ‘Equity Rich’ Higher home prices are translating into mega wealth for those who own. Thirty-four percent of residential properties in the U.S. with a mortgage were considered “equity rich” in the second quarter, which means the combined estimated amount of loans secured by the properties was at least 50% of its …
Aug 09
Consumers Are Comfortable Closing Online
Consumers Are Comfortable Closing Online The COVID-19 pandemic has fueled an acceleration in online transactions, including in real estate. The majority of U.S. adults are comfortable completing financial purchases digitally, too, finds a new survey released by Notarize, a company that offers remote online notarization. Eighty-one percent of 2,000 U.S. adults who responded say they feel …
