Bidding Wars Hit Lowest Level of 2021 Homes are still selling at a quick pace, but the number of bidding wars for individual listings is on the decline this fall. Only 58.9% of home offers faced competition in September, the lowest level for 2021 so far, according to a market index produced by Redfin …
Tag: tips
Oct 26
Home Inspections
Home Inspections Repair requests after a home inspection often are the last major hurdle to clear on the way to settlement for home sellers. Sometimes the inspection report can leave buyers uncertain about what inspection repairs truly need to be fixed and what’s up for negotiation. Many buyers over the last few months had been …
Oct 25
White Brick: Yes or No?
White Brick: Yes or No? It’s trendy to paint a brick house white. Some homeowners are jumping on the bandwagon painting their more dated red brick, for example, a more contemporary white. But others have strong views that you should never paint over original brick. Painting a house can offer a modern update to the …
Oct 25
Housing in Infrastructure Bill
Housing in Infrastructure Bill Leaders from the National Association of REALTORS® and other housing groups went to the U.S. Capitol on Wednesday to urge lawmakers to preserve the affordable housing provisions in the infrastructure bill Congress is debating. Lawmakers are whittling down the package—which invests in various programs such as health care, paid family leave, …
Oct 25
Thinking about up-sizing or downsizing
Thinking about up-sizing or downsizing Thinking about upsizing or downsizing? 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
Oct 20
Fannie, Freddie Believe Housing Will Continue to Soar
Fannie, Freddie Believe Housing Will Continue to Soar The housing market will likely remain hot, even as mortgage rates and home prices continue to rise, say economists at the government-sponsored enterprises Fannie Mae and Freddie Mac, who remain bullish on housing’s outlook. The GSEs predict continued high levels of homebuyer demand and growth in purchase …
Oct 20
Tips when applying for Credit
Check out these five credit tips when applying for a mortgage! 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 Tips when applying for Credit
Oct 19
Best Places to Live in 2021
Best Places to Live in 2021 Millions of people are reevaluating where they want to live as remote work options grow and the pandemic prompts lifestyle changes. Livability.com analyzed more than 1,000 small to mid-sized cities while factoring in safety, affordability, economic stability, outdoor recreation, accessibility, community engagement, and more. The cities that topped this …
Oct 19
Gas Bills to Surge This Winter
Gas Bills to Surge This Winter Nearly half of U.S. households who heat their homes with natural gas can expect higher bills this winter—an average of 30% higher compared to last year, the Energy Information Administration warns. It could be even higher: If the winter is 10% colder than average, homeowners can expect heating bills …
Oct 19
Mortgage Rates Back Above 3%
Mortgage Rates Back Above 3% The 30-year fixed-rate mortgage rose sharply this week, averaging 3.05%. That marks the highest average since April, according to Freddie Mac’s mortgage market survey. “As inflationary pressure builds due to the ongoing pandemic and tightening monetary policy, we expect rates to continue a modest upswing,” says Sam Khater, Freddie Mac’s chief …
Oct 18
Rents Post Biggest Increase Since 2006
Rents Post Biggest Increase Since 2006 Demand is surging for rental units and that is pushing up prices. The amount homeowners could receive from renting their home increased by 0.4%, which may seem small but is the largest one-month increase since 2006, according to the latest Consumer Price Index. Rents of primary residences jumped by …
Oct 18
No Need to Panic Over Foreclosure Spike
No Need to Panic Over Foreclosure Spike While U.S. foreclosure starts rose 67% in September compared with a year ago, they remain well below historic levels. The significant jump has to be seen in context: It is comparing the rate of foreclosure starts now to those of a year ago, when pandemic-led moratoriums were preventing foreclosures from moving forward. …
