High Inflation Is Affecting Real Estate Rising inflation is pressing on Americans across the economic spectrum with costs for groceries to gasoline increasing. In November, consumer prices increased by 6.8% compared to a year ago, the largest annual gain in the past 40 years. Some of the highest increases occurred for energy, shelter, cars, and …
Tag: tips
Dec 14
The Advantages of homeownership
Check out these helpful credit tips! With the help of myself and John Coneys of RoundPoint Mortgage, (NMLS# 183853 – 610.322.4886) we can explore homebuying options to help you meet your goals. #RealEstate #Realtor #HomePurchase #BuyersMarket #PlymouthMeetingRP
Dec 14
Single Women Buyers Outnumber Single Men
Single Women Buyers Outnumber Single Men Women are second only to married couples as a homebuying presence in the real estate market, according to the National Association of REALTORS®. Currently, 19% of the homebuying market are single women, while 9% are single men and 60% are married couples, according to NAR. Single women and …
Dec 13
Mortgage Rates Hold Steady
Mortgage Rates Hold Steady For the last four consecutive weeks, mortgage rates have generally held stable. But that could soon change, with inflation, action from the Federal Reserve possibly quickening its pace to taper its bond purchases, and other financial activity triggered by the ongoing pandemic all playing a role, economists say. “Mortgage rates …
Dec 13
Average Homeowner Equity Gain in Third Quarter: $57K
Average Homeowner Equity Gain in Third Quarter: $57K Homeowners continue to build wealth. Home price growth is reaching the highest level in more than four decades, pushing equity gains to a record high. The average home equity gained between the third quarter of 2020 and the third quarter of 2021 is about $57,000, CoreLogic …
Dec 09
How Quickly Will Mortgage Rates Rise in 2022?
How Quickly Will Mortgage Rates Rise in 2022? Mortgage rates play a big role in borrowers’ buying power. Super low rates over the past year have allowed many home buyers to stretch their housing budgets, important as they have faced high home price increases. But many economists are predicting higher rates over the next …
Dec 07
Larger Homes Driving Moves
Larger Homes Driving Moves With Americans spending more time at home during the pandemic, their motivation to move has increased, finds a survey from StorageUnits.com, a storage facility firm. Thirty-seven percent of about 1,250 Americans recently surveyed said they moved into homes with more square footage between March 2020 and October 2021. Thirty-nine percent of Americans say …
Dec 07
Home Goods That Are Getting Pricier, Harder to Find
Home Goods That Are Getting Pricier, Harder to Find Supply chain woes have been hitting the housing market, affecting appliances, windows, paint, and other items needed to build, repair, or improve home. That has driven prices higher. New-home buyers have felt the pinch: The median sales price for a new home in October was …
Dec 06
Mortgage Rates Remain Stable—For Now
Mortgage Rates Remain Stable—For Now Mortgage rates held steady this week as the world awaits more information about the severity of the omicron variant of COVID-19 and ongoing supply chain issues. The 30-year fixed-rate mortgage averaged 3.11%, Freddie Mac reports. “Mortgage rates continue to remain stable notwithstanding volatility in the financial markets,” says Sam …
Dec 06
2022 Outlook for Home Sales
2022 Outlook for Home Sales As the latest coronavirus variant remains a wild card for the housing market, real estate experts are still predicting a mostly lively year for home sales in markets across the country. However, home shoppers may find some relief for escalating home prices, which have been trending with double-digit increases …
Dec 02
Mortgage Loan Limits Set for 2022
Mortgage Loan Limits Set for 2022 The Federal Housing Finance Agency announced Tuesday that conforming loan limits for mortgages backed by Fannie Mae and Freddie Mac will jump in most of the country to $647,200, an increase of $98,950 from 2021’s limit of $548,250. The higher levels are in response to rising home prices over …
Dec 01
Home Buyers Eager to Act Sooner Rather Than Later
Home Buyers Eager to Act Sooner Rather Than Later Contract signings climbed 7.5% in October, and home sales for 2021 are on pace to hit a 15-year high, the National Association of REALTORS® reported Monday. Pending home sales rebounded after a decline in September. Despite rising mortgage rates, home buyers appear undeterred by higher …
