In a new report, the real estate firm Walker & Dunlop calls it “the golden age for multifamily.” High rents in the apartment sector are expected to continue in the new year as demand remains strong. Potential home buyers who have been shut out from the competitive housing market are turning to rentals in swarms. …
Tag: tips
Dec 27
New loan limit news alert
New loan limit news alert: Expand your home search criteria! Conventional loan limits for 2022 for single-unit properties have gone up 18% from $548,250 to $647,200. To understand how you benefit from this update, let’s talk. With the help of myself and John Coneys of RoundPoint Mortgage, (NMLS# 183853 – 610.322.4886) we can explore homebuying …
Dec 22
From My Family to Yours Have a Happy Holiday Season
From My Family to Yours Have a Happy Holiday Season
Dec 22
Home Flipping Activity Rises, Even as Profits Shrink
Home Flipping Activity Rises, Even as Profits Shrink For the second quarter in a row, home flipping was on the rise as investors look to take advantage of quickly rising home prices. However, they’re not seeing higher profits from their flips. Home flipping comprised 5.7% of all home sales in the third quarter, up …
Dec 21
Mortgage Rates Climb After Fed’s Rate Announcement
Mortgage Rates Climb After Fed’s Rate Announcement Mortgage rates rose this week after the Federal Reserve announced it would accelerate its bond tapering and that three rate hikes would come in 2022. The 30-year fixed-rate mortgage rose to 3.12% this week, Freddie Mac reports. Rates are largely expected to continue to rise due to the …
Dec 21
Housing Starts Pick Up as 2021 Comes to a Close
Housing Starts Pick Up as 2021 Comes to a Close Buyers have been drawn to new-home construction as existing housing inventories remain lean. Builders have struggled to ramp up construction even more due to the high demand as building materials, labor, and lot shortages loom. However, builders say they’re building as much as they …
Dec 21
Are More Homeowners ‘House Poor’?
Are More Homeowners ‘House Poor’? Sixty-nine percent of about 1,000 homeowners recently surveyed say they felt “house poor,” a new study from research company ConsumerAffairs shows. Homeowners blame unexpected repair, maintenance, and upkeep costs as some of the reason why. But despite the rise in costs, nine in 10 still believe homeownership is worth it …
Dec 20
Fed Plans Rate Hikes to Manage Inflation
Fed Plans Rate Hikes to Manage Inflation The Federal Reserve said on Wednesday that it plans to have multiple rate increases in 2022 and will taper its monthly asset purchases at a quicker, much more aggressive pace than analysts originally anticipated. What could this mean for mortgage rates? CNBC reports “the days of rock-bottom rates …
Dec 20
Priorities of First-Time Buyers
Priorities of First-Time Buyers More first-time buyers hope to transition from renting to owning in 2022. After a challenging 2021, many are looking ahead to the new year for an opening in the market—one where competition may not be as tight as it has been this year. Aspiring first-time buyers are already actively looking: …
Dec 20
Credit Tips when applying for a mortgage
New loan limit news alert: Expand your home search criteria! Conventional loan limits for 2022 for single-unit properties have gone up 18% from $548,250 to $647,200. To understand how you benefit from this update, let’s talk. With the help of myself and John Coneys of RoundPoint Mortgage, (NMLS# 183853 – 610.322.4886) we can explore homebuying …
Dec 15
Misconceptions About a Seller’s Market
Misconceptions About a Seller’s Market The housing market is hot, but some homeowners may overestimate just how hot it is when they go to sell. Real estate professionals shared with realtor.com® a few unrealistic expectationss that some of their sellers have had, such as that their home has doubled in value since they bought it …
Dec 15
Fewer Homes Affordable to Those Who Earn $100K
Fewer Homes Affordable to Those Who Earn $100K Rising home prices and shrinking inventories are pressing on affordability, the National Association of REALTORS® reports. Home buyers are struggling to find a home to buy—and one they can afford. The share of homes available and affordable for a household earning $100,000 has fallen considerably over …
