Mortgage Rates Top 3% Home buyers may not be happy: The 30-year fixed-rate mortgage topped the 3% threshold, averaging 3.02% this week, Freddie Mac reports. Despite the uptick, economists note that mortgage rates remain near historical lows. Since reaching an all-time low in January, mortgage rates have risen by more than 30 basis points, “and …
Tag: News
Mar 08
Fewer Homes for Sale This Year
Fewer Homes for Sale This Year In Denver, real estate pros are reporting that some listings are seeing more than 100 showings in one weekend and are then receiving more than 20 offers. Buyers are being told to expect going 20% above the list price if they want a home. Markets across the country are reporting …
Mar 08
Counties With the Highest Share of First-Time Buyers
Counties With the Highest Share of First-Time Buyers The pandemic has ushered in a wave of first-time home buyers. But it may not be entirely prompted by the pandemic: Millennials are now the largest cohort of the population and were already starting to settle down before COVID-19. The median first-time home buyer age is 32. …
Mar 03
What is Debt to Income Ratio
Calculating your Debt-To-Income ratio (DTI) is one of the simplest ways to get a handle on your financial health. If you’re planning to purchase a home, John Coneys of Freedom Mortgage, (NMLS# 183853 – 610.322.4886) and I can help you find out how that high-volume of spending could affect your DTI! #RealEstate #Realtor #HomePurchase #BuyersMarket …
Mar 03
Hot Spots for Winter Vacation Homes
Hot Spots for Winter Vacation Homes Properties in ski towns may offer a big income stream for second-home buyers. After all, vacation homes have been trending during the pandemic, whether it’s a home in a cold- or a warm- weather locale. Second-home sales jumped 44% in 2020, according to data from the National Association of …
Mar 03
Federal Judge Rules Eviction Ban Unconstitutional
Federal Judge Rules Eviction Ban Unconstitutional A federal judge in Texas has ruled that the Centers for Disease Control and Prevention’s eviction moratorium is unconstitutional, a decision that could set legal precedent and have a sweeping effect on housing providers across the country. Under the moratorium, which President Joe Biden has extended through March, housing providers …
Mar 02
Interior Designer
Interior Designer Real estate pros touring homes with buyers may find another person in the mix. Some home buyers are bringing an interior designer on home tours, seeking their feedback on how properties may be renovated to fit their design tastes. As home prices surge, buyers may consider homes whose conditions bring a lower listing …
Mar 02
Homeowners Are Now Eligible for Up to 18 Months of Forbearance
Homeowners Are Now Eligible for Up to 18 Months of Forbearance Homeowners struggling financially during the COVID-19 pandemic have received another extension for their mortgage payments. The Federal Housing Finance Agency announced Thursday it is providing an additional three months of forbearance to borrowers with loans backed by Fannie Mae and Freddie Mac, bringing forbearance …
Mar 01
Homeowners Admit Not Knowing How to Maintain Their Home
Homeowners Admit Not Knowing How to Maintain Their Home Home maintenance affects value over the long run. Yet, homeowners admit they know very little when it comes to how to properly maintain a lot of the appliances and systems in their home. Sears Home Services recently surveyed more than 1,000 homeowners nationwide on home …
Mar 01
New-Home Sales Jump
New-Home Sales Jump Sales of newly built, single-family homes in January moved 19% higher than a year ago, as home buyers sought more options under a lean number of existing homes for sale. Newly built single-family home sales increased 4.3% last month over December 2020, reaching a seasonally adjusted annual rate of 923,000, the U.S. …
Feb 24
What you need to know about closing costs
What you need to know about closing costs What are closing costs? Contact John Coneys of Freedom Mortgage, (NMLS# 183853 – 610.322.4886) and me, to find out what you need to know about the fees associated with your mortgage loan application and real estate transaction. #RealEstate #Realtor #HomePurchase #ClosingCosts #FreedomMortgage #LowMortgageRates #LetFreedomHelp
Feb 24
High-End Single-Family Rental Prices Are Surging
High-End Single-Family Rental Prices Are Surging Landlords continue to see prices rise for luxury single-family rentals as the pandemic-fueled recession impacts socioeconomic groups unevenly. Overall, single-family rental growth ended 2020 strong, rising 3.8% in December 2020 compared to a year prior, according to CoreLogic’s Single-Family Rent Index, which measures rent changes in single-family rental homes, …
