Lenders Set to Resume Foreclosures in July Pandemic-related moratoriums on foreclosures and evictions are set to expire June 30, and some lenders plan to start resuming foreclosures in July. About 2.1 million homeowners are still in mortgage forbearance, according to the Mortgage Bankers Association. As of April, about 1.8 million households who aren’t in forbearance …
Tag: tips
Jun 02
Mortgage Rates Dip Back Below 3%
Mortgage Rates Dip Back Below 3% Ultra-low mortgage rates returned this week, with lenders offering home buyers and refinancers a chance once again to lock in a rate below 3%. But the National Association of REALTORS® warns that these low rates in the 2% range won’t last much longer, and mortgage rates likely will edge …
Jun 01
Will We Ever Shake Hands Again?
Will We Ever Shake Hands Again? After more than a year of masking and social distancing, more people are returning to a normal routine as COVID-19 vaccines blunt the effects of the pandemic. But with more coronavirus restrictions coming to and end, many people are wondering what the workplace will look like moving forward and …
Jun 01
Contract Signings Fall as the Market Awaits More Inventory
Contract Signings Fall as the Market Awaits More Inventory he lack of inventory continued to chip away at pending home sales last month, but the home-buying craze is still going strong. The National Association of REALTORS®’ Pending Home Sales Index—a forward-looking indicator of home sales based on contract signings—fell 4.4% month-over-month in April. Still, pending …
May 27
How High Above Ask Must Buyers Go?
Bidding wars have become the norm, but the bigger dilemma buyers face is how much higher the asking price will be in that competitive offer situation. In Marin County, Calif., a recent listing for a 1,305-square-foot home with a single bathroom sparked an intense bidding war. The home was listed at $1.298 million. The real …
May 26
Top Opened Email Subject Lines
Top Opened Email Subject Lines Consumers’ email inboxes are constantly being flooded with messages. How do you make yours stand out? Use effective subject lines that make them take notice. A recent consumer survey from ActivePipe, an email marketing firm, found the following subject lines generate the most opens on emails that are sent from …
May 26
Are you Ready to Move?
Are you Ready to Move? Are you ready to move? Call John Coneys of Freedom Mortgage, (NMLS# 183853 – 610.322.4886) and I to find out more about what we can offer you as a first-time homebuyer. #RealEstate #Realtor #FirstTimeHomeBuyer #ReadytoMove #FreedomFast #PreApp #LetFreedomHelp
May 26
Blackout Fears Fuel Interest in Off-Grid Homes
Blackout Fears Fuel Interest in Off-Grid Homes Major power grid failures and blackout events, such as the one in Texas after a winter storm in February, have more homeowners and builders interested in self-powered properties. As a result, more new construction and retrofitting projects are taking the effects of climate change into account, adding layers …
May 25
Mortgage Rates Move Up, Now Average 3%
Mortgage Rates Move Up, Now Average 3% As the economy continues to strengthen, mortgage rates are heading upwards. The 30-year fixed-rate mortgage increased from its 2.94% average last week to 3% this week, Freddie Mac reports. “Mortgage rates are more likely to continue to rise than fall throughout the rest of 2021,” Nadia Evangelou, National …
May 25
Buyers Seek Larger Mortgages as Home Prices Surge
Buyers Seek Larger Mortgages as Home Prices Surge Home prices have significantly jumped over the past year, forcing home buyers to borrow more to keep up. The average mortgage purchase application reached $411,400, the highest since February, according to the Mortgage Bankers Association. The average loan for a new home rose to $377,000 last month, …
May 24
Metros With the Fastest, Slowest Internet Speeds
Metros With the Fastest, Slowest Internet Speeds More Americans are now reliant on fast internet as remote work and school and tech-enabled personal connections grew during the COVID-19 pandemic. House hunters even say fast internet and cell service are crucial as they shop for homes, new surveys show. Where you live may have a stake in …
May 24
Rents Post Largest Uptick Since COVID-19 Onset
Rents Post Largest Uptick Since COVID-19 Onset The median rent in the 50 largest metros nationwide increased 2.7% year over year, the largest growth since the beginning of the COVID-19 outbreak, according to a new report from realtor.com®. The nation’s largest tech hubs are seeing some of the biggest rebounds in rental prices as more …
