Some Buyers Going ‘Too Far’ to Win a Bidding War Facing an upsurge in housing demand across the country, many home buyers are finding themselves in bidding wars for the limited inventory on the market. To win, buyers are trying to find ways to entice sellers beyond price—and at times are taking it too …
Tag: tips
Jan 21
Housing Market Boom
Housing Market Boom Buyers beware: It’s a seller’s market and homeowners are holding firm on the price. More than half—or 52%–of about 1,000 real estate professionals recently surveyed believe the biggest challenge that home sellers will face in 2021 is the temptation to overprice their homes due to the hot market conditions. The homebuying frenzy …
Jan 20
Will You Be Moving Soon?
Will You Be Moving Soon? During your moving process you may have some questions on where to start. This checklist can help eliminate some of those questions! With the help of myself and John Coneys of Freedom Mortgage, (NMLS# 183853 – 610.322.4886) we can explore homebuying options to help you meet your goals. #RealEstate #Realtor …
Jan 19
Opendoor Struggles to Maintain iBuying Dominance
Opendoor Struggles to Maintain iBuying Dominance iBuyers offer a contactless method for selling a home, so why aren’t they booming during a pandemic that has made social distancing the norm? Sales for several iBuying platforms are way down. Opendoor, which started trading publicly on the stock market in December 2020, has seen its revenue fall …
Jan 19
Where People Who Want to Relocate Are Going
Where People Who Want to Relocate Are Going About half of Americans say they’re considering a move in the next year, according to a study from LendingTree. But where do they plan to move? LendingTree researchers analyzed mortgage purchase requests on its platform in 2020 to find the moving patterns of potential buyers in each …
Jan 18
Airbnb Cancels D.C. Reservations During Inauguration
Airbnb Cancels D.C. Reservations During Inauguration Responding to pressure from local, state, and federal officials, Airbnb and its subsidiary HotelTonight say they’re doing their part to keep the public away from the nation’s capital ahead of the inauguration of President-elect Joe Biden next week. Airbnb announced it is canceling all reservations in the Washington, D.C., …
Jan 18
Homes Are Being Built Exclusively as Rentals
Homes Are Being Built Exclusively as Rentals A growing number of single-family homes under construction around the country will not be listed to consumers but only made available for rent. These growing numbers of build-to-rent homes could pose greater competition for house hunters, particularly in the entry-level price points where housing shortages already abound. Investors …
Jan 14
Kitchen Storage Is in Demand
Kitchen Storage Is in Demand Kitchen storage is a top priority among renovating homeowners, finds the 2021 U.S. Houzz Kitchen Trends Study, based on a survey of more than 2,000 homeowners planning or in the midst of a kitchen remodel. Renovators are paying closer attention to their cabinet and pantry storage. Many of the surveyed …
Jan 13
How about a Hassle Free Tax Season?
How about a Hassle Free Tax Season? Check out these steps so you can have a hassle-free tax season! With the help of myself and John Coneys of Freedom Mortgage, (NMLS# 183853 – 610.322.4886) we can explore homebuying options to help you meet your goals. #RealEstate #Realtor #HomePurchase #BuyersMarket #FreedomFast #PlymouthMeetingFM
Jan 12
New Record Low for Mortgage Rates
Mortgage rates started the year with a new record low. The 30-year fixed-rate mortgage dropped to a 2.65% average this week, the lowest since Freddie Mac began tracking such records more than 50 years ago. “Despite a full percentage point decline in rates over the past year, housing affordability has decreased because these low rates …
Jan 12
Most Popular Cities for Millennial Home Buyers
Most Popular Cities for Millennial Home Buyers Millennials comprise the largest segment of home buyers in the country. Record-low mortgage rates are drawing many into homeownership lately too. LendingTree recently analyzed mortgage purchase requests made on its site through the 50 largest metros in the country from Jan. 1 through Dec. 15, 2020, to …
Jan 11
Housing Construction Ramps Up
Housing Construction Ramps Up As remote work has grown and more Americans are no longer bound down to a long commute, more people are being drawn to the idea of a second home. Builders are responding to the uptick in interest. Single-family construction in second-home markets rose at a 13.6% average rate in the third …
