Cities That Owned the Wild 2020 Market In 2020, home buyers left states with high taxes and pricey housing in favor of lower-cost metro areas, such as Texas, Florida, North Carolina, South Carolina, Georgia, and Tennessee, according to CoreLogic’s 2020 Hottest Cities for Homebuyers Report. “The pandemic created a perfect recipe for consistently employed Americans,” …
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Aug 10
Popular Renovations Focus on Adding Entertainment Space
Popular Renovations Focus on Adding Entertainment Space Home renovations have been surging during the pandemic, and homeowners aren’t shying away from major redos either. More than half—55%—of more than 2,000 U.S. homeowners recently surveyed reported making substantial improvements to their homes that they believe will boost their home’s value, according to a July survey …
Aug 10
Third of Homes Are ‘Equity Rich’
Third of Homes Are ‘Equity Rich’ Higher home prices are translating into mega wealth for those who own. Thirty-four percent of residential properties in the U.S. with a mortgage were considered “equity rich” in the second quarter, which means the combined estimated amount of loans secured by the properties was at least 50% of its …
Aug 09
Consumers Are Comfortable Closing Online
Consumers Are Comfortable Closing Online The COVID-19 pandemic has fueled an acceleration in online transactions, including in real estate. The majority of U.S. adults are comfortable completing financial purchases digitally, too, finds a new survey released by Notarize, a company that offers remote online notarization. Eighty-one percent of 2,000 U.S. adults who responded say they feel …
Aug 09
Housing Market Drives Home Fix-ups
Housing Market Drives Home Fix-ups More homeowners say they plan to renovate their homes this year, and they are increasingly planning to take advantage of higher home prices and use their home’s equity to complete the renovations, according to Bank of America’s “2021 Homebuyer Insights Report: Home Improvement and Equity Spotlight.” As home prices surge, …
Aug 06
No Credit History? Home Ownership is still Possible!
No Credit History? Home Ownership is still Possible! No credit? No Problem! 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
Aug 04
Home Seller Profits
Home Seller Profits Profit margins for home sellers took an unexpected dip in the second quarter, but they continue to significantly exceed levels from a year ago. The dip may be a sign that investment returns may be declining, according to ATTOM Data Solutions’ second-quarter 2021 U.S. Home Sales Report. In the second quarter, …
Aug 04
CDC’s Eviction Moratorium Is Over: Now What?
CDC’s Eviction Moratorium Is Over: Now What? The national ban on evictions ended on Saturday after a last-minute attempt to extend it by Democratic lawmakers failed in the House. The moratorium was first put in place by the U.S. Centers for Disease Control and Prevention in September 2020—an action that allowed tenants to miss their rental …
Aug 03
Non-Bank Lenders Gain Popularity
Non-Bank Lenders Gain Popularity Consumers rated mortgage servicers’ customer service higher during the pandemic. Much of that satisfaction, however, is driven by non-bank servicers, which offer more digital solutions for consumers. Traditional banks are starting to lose their edge over non-bank lenders, according to the J.D. Power Mortgage Servicer Satisfaction Study. Bank-affiliated services have …
Aug 03
15-Year Fixed-Rate Mortgages Reach Record Low
15-Year Fixed-Rate Mortgages Reach Record Low Borrowers can still take advantage of some of the lowest mortgage rates of all time. For the fifth consecutive week, the 30-year fixed-rate mortgage has remained below 3%. Also, the 15-year fixed-rate mortgage averaged 2.10% this week, an all-time low, Freddie Mac reported. “As the economy works to …
Aug 02
Rent or Buy?
Rent of Buy? Are you looking to move out and get a place of your own, but cannot decide whether to rent or buy? Many renters can afford to buy a home, but don’t even know it! Check below for more information. With the help of myself and John Coneys of RoundPoint Mortgage, (NMLS# 183853 …
Jul 23
Sales Soar 81% Over Last Year
Sales Soar 81% Over Last Year The multimillion-dollar trophy home has been in hot demand since the pandemic. The number of homes that were sold for more than $1 million has increased by a whopping 81% over the past year, according to a new analysis from Point2 Homes. In the Midwest alone, the volume …
