Timely Home Design Trends for 2021 The stress of 2020 is causing an overhaul in home design. For example, open floor plans are now being considered too open as households seek privacy for work and school while everyone is at home. As a result, home offices are growing in demand in buyers’ home search. Real …
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Dec 17
Consumers Say They’d Move if Bosses Continue to Allow Remote Work
Consumers Say They’d Move if Bosses Continue to Allow Remote Work The work-from-home trend may be translating into a need-a-new-home trend. The COVID-19 pandemic has prompted more people to work remotely, and as more people hunker down at home, they’re looking at real estate for a move. Forty-five percent of consumers recently surveyed by Homes.com …
Dec 16
Condo Vs. Single Family Homes
Condo Vs. Single Family Homes Check out these pro’s and con’s when it comes to single family homes versus condominiums. 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
Dec 15
Record-Low Rates a Lifeline for Delinquent Owners
Record-Low Rates a Lifeline for Delinquent Owners Low mortgage rates may also be helping to keep elevated delinquencies in check, according to a new report from CoreLogic. “Our analysis of CoreLogic public records shows that more than one-half of all home mortgage loans created since the onset of the pandemic have been no-cash-out refinance,” …
Dec 15
Bad Digital Experiences Drive Clients Away
Bad Digital Experiences Drive Clients Away Consumers crave digital connection from small businesses, including from real estate firms, a new study finds. The COVID-19 outbreak has sparked a greater reliance on digital and mobile tech to do jobs and complete transactions. Moxtra, a firm that offers digital solutions, recently surveyed 1,500 small business personnel and …
Dec 14
Appraisals Commonly Cause Transaction Delays
Appraisals Commonly Cause Transaction Delays The appraisal can be a stressful process and may threaten to derail transactions. Twenty-one percent of REALTORS® say “appraisal issues” delayed their sales contracts in October, according to the most recent REALTORS® Confidence Index. Appraisal issues led to 13% of contracts being terminated. The appraiser evaluates the home’s lot size, …
Dec 14
Outdoor Home Trends That May Gain Steam in 2021
Outdoor Home Trends That May Gain Steam in 2021 Homeowners are enjoying their property’s outdoor space more during the pandemic, and house hunters are paying particular attention to outdoor features as they evaluate homes to purchase. Landscape design firm Tilly Design predicts the top trends for outdoor space in 2021. 1. “Social” front yards. You …
Dec 10
Down Payments Are Up
Down Payments Are Up Faced with more expensive home prices, home buyers are bringing more money to closing. The median down payment on a single-family home and condo purchased in the third quarter increased by nearly 67% compared to a year ago. Median down payments are at the highest level recorded since at least 2000, …
Dec 09
Get on Your Way to Home Ownership
Get on Your Way to Home Ownership Getting started on your path to home ownership means having the right materials ready. See the list below with the materials you need to provide. With the help of myself and John Coneys of Freedom Mortgage, (NMLS# 183853 – 610.322.4886) we can explore homebuying options to help you …
Dec 08
Another Record Low for Mortgage Rates
Another Record Low for Mortgage Rates Mortgage rates are on a continuing streak of record lows. For the fourteenth time this year, the 30-year fixed-rate mortgage averaged its lowest on record: 2.71%, Freddie Mac reports. The previous record low of 2.72% was set just last month. Could home buyers be starting to take the low …
Dec 08
FHFA Extends Foreclosure, to Jan. 31
FHFA Extends Foreclosure, to Jan. 31 The Federal Housing Finance Agency has extended its foreclosure and real estate owned eviction moratoriums for borrowers with Fannie Mae or Freddie Mac-backed mortgages until at least Jan. 31, 2021. The protections were put in place due to the COVID-19 pandemic. This is the fourth time that the FHFA …
Dec 07
Renters Can Afford to Buy a Home
Renters Can Afford to Buy a Home The number of renters who can afford a home has increased over the past two years, but achieving homeownership is still difficult for renters in saving up for a down payment, according to a recent post at the National Association of REALTORS®’ Economists’ Outlook blog. Thirty-eight percent of …
