Home prices are rising by double-digit numbers, causing increasing concerns around housing affordability. The Commerce Department reported that median sales prices for new homes rose nearly 19% in November, while the National Association of REALTORS® reported existing-home prices jumped by a median of 13.9% annually last month. As home prices press higher, so is the …
Tag: Real Estate
Jun 27
237 Fawnhill Road, Broomall, PA. 19008 – Delaware County / Delco Home.
237 Fawnhill Road, Broomall, PA. 19008 $595,000 Est. Mortgage $4,061/mo*3 Beds3 Baths1968 Sq. Ft. Listing courtesy of Janice Brown – Compass RE Description this home for sale at 237 Fawnhill Road, Broomall, PA. 19008 Step into 237 Fawnhill Road and experience a truly special setting ! This lovely home is a must-see in the highly …
Jun 26
7704 Roberts Ave, Sea Isle City, NJ. 08243 – Jersey shore mansion .
7704 Roberts Ave, Sea Isle City, NJ. 08243 $6,495,000 Est. Mortgage $39,381/mo*10 Beds8 Baths5000 Sq. Ft. Listing courtesy of Nicholas Screnci – SEA ISLE REALTY Description about this home for sale at 7704 Roberts Ave, Sea Isle City, NJ. 08243 This extraordinary BAY FRONT ESTATE was created to luxuriously accommodate the largest of multi-generational families. …
Jun 26
How about the 2021 Year-End Mortgage Rates at 3.11%?? Crazy ….
Mortgage rates stayed low for the final week of 2021, but housing analysts largely predict rates will be heading up in the coming weeks. “Mortgage rates have been effectively been moving sideways despite the increase in new COVID cases,” says Sam Khater, Freddie Mac’s chief economist. “This is because incoming economic data suggests that the …
Jun 25
Higher Mortgage Loan Limits Take Effect
Conforming loan limits for mortgages backed by Fannie Mae and Freddie Mac have jumped 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 the past year. The new loan limits took effect Jan. 1. The Federal Housing …
Jun 25
9 – 82nd Street, North #SEA, Sea Isle City, NJ. 08243 – Jersey Shore Vacation Home.
9 – 82nd Street, North #SEA, Sea Isle City, NJ. 08243 $2,995,000 Est. Mortgage $17,979/mo*4 Beds4 Baths2480 Sq. Ft. Listing courtesy of John Burke Jr – LONG & FOSTER REAL ESTATE, INC sic. Description about this home for sale at 9 – 82nd Street, North #SEA, Sea Isle City, NJ. 08243 Top-tier A+ Sea Isle …
Jun 24
4 East Garden Road, Broomall, PA. 19008 – Delaware County / Delco Home.
4 East Garden Road, Broomall, PA. 19008 $449,900 Est. Mortgage $3,078/mo*3 Beds2 Baths1571 Sq. Ft. Listing courtesy of Madeline O’fria – Long & Foster Real Estate, Inc. Description about this home for sale at 4 East Garden Road, Broomall, PA. 19008 Welcome to the perfect house for empty nestors or first time buyers. Enjoy one …
Jun 24
2021 saw Mortgage Borrowing at Record High
The hot housing market fueled an all-time record for the amount Americans borrowed to buy homes in 2021. Mortgage lenders issued $1.61 trillion in purchase loans last year, according to preliminary data from the Mortgage Bankers Association. That tops a previous record set in 2005 of $1.51 trillion. Home prices have grown by double digits …
Jun 21
Mortgage Rates Higher Than at Any Point in 2021
Mortgage rates have taken a big leap at the start of the new year. In the first week of 2022, the 30-year fixed-rate mortgage jumped nearly 60 basis points higher than a year earlier, averaging 3.22% this week, Freddie Mac reports. “Mortgage rates increased during the first week of 2022 to the highest level since …
Jun 21
111 5th Ave, Broomall, PA. 19008 – Delaware County / Delco Home.
111 5th Ave, Broomall, PA. 19008 $400,000 Est. Mortgage $2,719/mo*4 Beds2 Baths1664 Sq. Ft. Listing courtesy of Stephanie Olenik – KW Greater West Chester Description about this home for sale at 111 5th Ave, Broomall, PA. 19008 Welcome to 111 5th Avenue in Broomall, PA! This duplex features two separate units: the first floor with …
Jun 20
130 88th St., Sea Isle City, NJ. 08243 – Vacation Home at Jersey Shore.
130 88th St., Sea Isle City, NJ. 08243 $2,499,000 Est. Mortgage $14,975/mo*4 Beds4 Baths2315 Sq. Ft. Listing courtesy of Dustin Laricks – COMPASS RE – Sic Description on this home for sale at 130 88th St., Sea Isle City, NJ. 08243 Introducing a stunning single-family home located in the highly sought-after Townsend’s Inlet section of …
Jun 20
How Jobs, Inflation May Influence Borrowing Costs
The real estate industry is closely watching the so-called “Great Resignation,” a movement that started with the pandemic in which people are leaving the workforce in historically higher numbers. As more Americans quit their jobs, will they set out for greener pastures by moving to a new location? The trend is only growing: In November, …
