Home Buyers Face Another Shortage: Appliances Dishwashers, refrigerators, washers and dryers, and other household appliances are low in stock nationwide, and some consumers are waiting months for their orders to be fulfilled. The backup is yet another problem you can blame on the COVID-19 pandemic. First, as consumers started hoarding food, there was a rush …
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Sep 28
Number of Homeowners Live in HOA Communities
A new housing report shows 73.9 million Americans reside in a community with a homeowners association or condominium board. That is more Americans than ever, according to the Foundation for Community Association Research. California now leads the nation with 49,200 associations, followed by Florida, with 48,500; Texas, with 21,000; Illinois, with 18,800; North Carolina, with …
Sep 24
Homeowners Saw Average Equity Gain of $9,800 in Q2
Homeowners Saw Average Equity Gain of $9,800 in Q2 Homeowners are gaining wealth in the pandemic. The average homeowner gained about $9,800 in equity year over year in the second quarter, according to a new report from CoreLogic, a real estate data firm. “Homeowners’ balance sheets continue to be bolstered by home price appreciation, which …
Sep 23
How to Better Protect Homes Against Wildfires
How to Better Protect Homes Against Wildfires As wildfires rage in the West, scorching millions of acres and burning homes and businesses, researchers are investigating what more can be done to better protect homes against blazes. Researchers at the Insurance Institute for Business & Home Safety first determined what causes homes to ignite during a …
Sep 23
Buyers Waive Inspections to Avoid Delays
Buyers Waive Inspections to Avoid Delays The hot housing market is prompting an increase in waived home inspections. But while in the past it has been an option for buyer concessions, it’s now not always being done to make an offer more enticing in a bidding war. Home inspectors in some areas of the country …
Sep 23
Buy Now or Wait a Year?
If you have been considering buying a home, now is the time! 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
Sep 21
1M Delinquent Homeowners Haven’t Asked for Forbearance
1M Delinquent Homeowners Haven’t Asked for Forbearance Homeowners who have failed to take advantage of pandemic-related mortgage assistance may be at risk of losing their properties. A little more than a million owners nationwide are at least 30 days past due on their monthly payments and haven’t entered a forbearance program or engaged their lender …
Sep 21
Majority of Young Adults Are Now Living With Their Parents
Majority of Young Adults Are Now Living With Their Parents Empty nest no more? The COVID-19 pandemic has prompted millions of young adults to move back in with their parents since the spring. The majority of 18-to-29-year-olds now live with their parents, surpassing the previous peak during the Great Depression, the Pew Research Center reports. …
Sep 17
Which Suburban Areas Have the Biggest Apartments
Which Suburban Areas Have the Biggest Apartments Americans have been in search of more living space since the COVID-19 pandemic began, and they’re willing to move in order to find it. RENTCafe, a national apartment listing service, recently analyzed 900 suburban markets across the country to find the most spacious apartments in buildings with more …
Sep 17
Affordability Dips as Home Prices Reach All-Time High
Affordability Dips as Home Prices Reach All-Time High From June to July, median sales price rose by 8.5%, more than double the 4.1% increase seen in family income levels, the National Association of REALTORS® reports. But mortgage rates that have fallen to all-time lows are helping to offset some of the rising costs. As of …
Sep 16
Many Renters Can afford to buy a home – they just don’t realize it.
Many Renters Can afford to buy a home – they just don’t realize it. Misconceptions You need a lot of cash to buy a home Your monthly payment would be more than you could afford Today’s housing market is the wrong time to purchase. Reality Low down payment options are available There are loan …
Sep 14
Mortgage Applications Are 40% Higher
Mortgage Applications Are 40% Higher The home shopping spree continues. Typically, the end of August sees a slowdown in the housing market, but this year, real estate has shown no signs of letting up. Mortgage applications to purchase a home increased 3% last week compared to the previous week. But it’s the year-over-year jump of …
