Homes With Pools Are Selling at a Premium Homes with pools have become the target of buyer envy since the pandemic began. Pool additions are soaring, and more house hunters say they want one in their backyard, according to HomeLight’s “Top Agent Insights for Spring 2021” report. Prior to the pandemic, many buyers were shunning …
Tag: tips
Apr 27
This Market is HOT!!
Home prices are rising quickly, bidding wars are common, and housing shortages abound: It’s not easy to be a home buyer this spring. “I have been in the business for more than 30 years, and I’ve never seen a market this hot,” Glenn Brunker, president of Ally Home, told CNBC. Real estate pros are working …
Apr 27
New-home Sales Reach 15-year High
New-home Sales Reach 15-year High Buyers are increasingly turning to newly constructed homes for more options. Sales of new single-family homes surged 20.7% month over month in March to a 1.02 million seasonally adjusted annual rate, according to new data from the Department of Housing and Urban Development and the Census Bureau. New-home sales …
Apr 26
Million-Dollar Home Sales Outpace Those in Other Price Points
Million-Dollar Home Sales Outpace Those in Other Price Points Million-dollar listings are a hot commodity. The number of homes sold for more than $1 million jumped by 81% in February compared to a year earlier. Meanwhile, the number of homes sold for under $100,000 dropped 26% compared to a year ago, according to data from …
Apr 26
Housing Providers Struggle Under Eviction Moratorium
Housing Providers Struggle Under Eviction Moratorium Housing providers are increasingly facing hardships after months of missed payments from tenants due to pandemic-related struggles. Mom-and-pop owners—who account for about half of the nation’s rental property owners—may be among the hardest hit, but eviction moratoriums leave them with little recourse. The National Association of REALTORS®, along with …
Apr 23
Brands Builders Favor Most
Brands Builders Favor Most New and advanced product features, along with product quality, price, availability, and green or sustainable features are top priorities for contractors and builders in choosing which products to use in new homes or remodels. Builder Magazine released its annual Brand Use Study, which lists the top products used by builders, developers, …
Apr 22
How Much Home Can I afford?
How Much Home Can I afford? How much home can you afford? Knowing the factors that lenders take into consideration when you apply for a home loan is a smart first step. With the help of myself and John Coneys of Freedom Mortgage, (NMLS# 183853 – 610.322.4886) we’ll determine the key factors that will affect …
Apr 21
Obstacles to Closing on Time
Obstacles to Closing on Time The majority of home sale contracts are settling on time, but 26% faced delays in February while 6% were terminated completely, according to the latest REALTORS® Confidence Index. The following chart shows the most common issues sparking a delay to closing. © National Association of REALTORS® The most …
Apr 21
Housing Starts Surge
Housing Starts Surge Builders ramped up construction of new homes last month, starting 1.74 million units in March—the highest rate in 14 years and a welcome sign that efforts are underway to meet strong buyer demand, Lawrence Yun, chief economist at the National Association of REALTORS®, writes on the association’s Economists’ Outlook blog. “As trade-up …
Apr 20
Some States Will Pay Home Buyers’ Student Loans
Some States Will Pay Home Buyers’ Student Loans Young professionals on the hunt for a new location may find incentives from states—even offers to pay off their student loan debt in exchange for purchasing a home. Illinois and Maryland recently launched “SmartBuy” programs that will pay off student loan debt for young adults who …
Apr 20
Mortgage Rates Near 3% Again
Mortgage Rates Near 3% Again The 30-year fixed-rate mortgage continued to drop this week, heading back near the 3% range. The 30-year fixed-rate mortgage averaged 3.04% this week, Freddie mac reports. Mortgage rates are still below a year ago and remain at historical lows, which has proven a boon for the housing market, economists note. …
