First-Time Buyers Still Want a Bathtub Bathroom remodeling trends in recent years have focused on removing the bathtub and supersizing the shower. But that could actually hurt a property’s resale value, depending on the buyers you’re trying to attract. Bathroom Remodeling Trends Focus on Spa-Like Upgrades First-time home buyers say they want a shower-tub combo, …
Tag: tips
Apr 18
Pre- Approval Checklist
Check out this handy pre-approval checklist! With the help of myself and Katy Sychterz of RoundPoint Mortgage, (NMLS# 183951 – 484.534.5107) we can explore homebuying options to help you meet your goals. #RealEstate #Realtor #HomePurchase #BuyersMarket #PlymouthMeetingRP
Apr 15
Property Taxes Rising at Slower Pace
Property Taxes Rising at Slower Pace The average property tax on a single-family home in 2021 rose at the smallest pace in five years. Taxes rose by 1.8% last year, from $3,719 in 2020 to $3,785 in 2021 nationwide, according to a new report from ATTOM Data Solutions, a real estate data firm. “It’s hardly …
Apr 14
Inflation Edges Higher, Affecting Housing
Inflation Edges Higher, Affecting Housing The rate of inflation reached 8.5% in March, continuing at a 40-year high and showing few signs of relief for consumers. Higher gas prices, food, and housing costs fueled the consumer price index’s jump. “Aggressive inflation will force the Federal Reserve to raise interest rates multiple rounds this year and actively pursue …
Apr 13
Realtor.com® Aims to ‘Close the Gap’ in Homeownership
Realtor.com® Aims to ‘Close the Gap’ in Homeownership Homeownership rates for many minority groups continues to be well below that of whites, and discriminatory policies are often blamed for that. During National Fair Housing Month in April, many housing groups and organizations are bringing the racial housing gap to the forefront and asking others in …
Apr 12
Sellers Are Lowering Asking Prices
Sellers Are Lowering Asking Prices With mortgage rates now nearing 5%, many aspiring home buyers may have reached the top of what they can afford, especially as 40-year-high inflation affects the threshold for them. As a result, the number of sellers dropping their asking price is growing at a faster clip than in the recent …
Apr 11
Rising Rates
Rising Rates Home buyers this spring are facing a double whammy of rising home prices and mortgage rates. The 30-year fixed-rate mortgage rose to 4.72% this week, from 3.13% when compared to a year ago, Freddie Mac reports. Over the last three months, mortgage rates have risen by 1.5 percentage points, the fastest three-month rise …
Apr 11
Housing Inventory Turnaround Possible
Housing Inventory Turnaround Possible A new survey shows many homeowners plan to list their home over the next six months, with high expectations for making a profit on the sale. Sixty-four percent of about 3,000 consumers recently surveyed by realtor.com® said they intend to sell their home this spring or summer. That could bring some …
Apr 07
5% Mortgage Rates on the Horizon
5% Mortgage Rates on the Horizon Mortgage rates have been rising quickly over the past month. A year ago, the 30-year fixed-rate mortgage was 3.18%. Last week, it averaged 4.67%, according to Freddie Mac. Mortgage rates surged more than 90 basis points in March alone. And 5% mortgage rates may be here sooner than many …
Apr 07
Hope for Weary Buyers
Hope for Weary Buyers As the spring buying season kicks off, many aspiring home buyers may find themselves priced out and feel frustrated by the competition. Home prices are higher, as are mortgage rates. Bidding wars remain fierce. But housing analysts say home buyers may soon see a change and a possible opening for those …
Apr 05
Yard Care Tips Heading Into Spring
Yard Care Tips Heading Into Spring Homeowners have been spending more time in their backyards since the pandemic began. For a growing share of owners, it’s become a new hobby or a place to relax. Sixty-nine percent of Americans recently surveyed say that doing yard work—either maintaining it or adding or updating features—is one of …
