Mar 24
Is it time for a mortgage check up? Is it time you had a mortgage checkup? Find out if your mortgage is contributing to your financial health by contacting John Coneys of Freedom Mortgage, (NMLS# 183853 – 610.322.4886) and me, for a no-obligation mortgage review. Together we can discover if buying, selling or refinancing …
Mar 24
How Much Home Is Too Much Home buyers have been seeking more space since the pandemic, but in the luxury market, there still appears to be limits on how big buyers are willing to go. Homes in the top 1% by price that are between 5,000 and 10,000 square feet were the fastest-selling in the …
Mar 24
The pandemic is renewing interest in living on a golf course, according to Sotheby’s International Realty 2021 Luxury Outlook report. After five years of closures around the country, golf courses are once again gaining popularity, with Sotheby’s reporting a 26% increase in golf property searches globally from January 2020 to February 2021 compared to 2019. …
Mar 23
Google Bets Big on a Return to the Office Some tech companies are still betting big on the return to the office once the pandemic fades. Google’s Alphabet Inc. is the latest, with a commitment to spend $7 billion this year on expanding its offices and data centers across the U.S. The company also …
Mar 23
Mortgage Rates Continue to Climb Sub-3% mortgages are slowly fading into the rearview mirror as the 30-year fixed-rate mortgage continues to inch up. The 30-year fixed-rate mortgage averaged 3.09% this week, Freddie Mac reports. Economists continue to remind consumers that mortgage rates are still near historical lows and are hovering around 3%. “Even though mortgage …
Mar 22
Fed Vows to Keep Benchmark Rate Low The Federal Reserve voted on Wednesday to keep its benchmark interest rate near zero and at historic lows as the economy continues to recover from the COVID-19 pandemic. The Fed went on further to indicate that they won’t likely raise interest rates until 2023—at the earliest. But that …
Mar 22
Builders Slow Production Construction on new homes weakened in February as material costs—notably on lumber—continued to challenge growth in new-home construction. Housing starts—including for single-family and multifamily building—fell 10.3% to a seasonally adjusted annual rate of 1.42 million units in February, the U.S. Department of Housing and Urban Development and Census Bureau reported Wednesday. Broken …
Mar 17
Are You Ready To Move? Are you ready to move? Call John Coneys of Freedom Mortgage, (NMLS# 183853 – 610.322.4886) and me to find out more about what we can offer you as a first-time homebuyer. #RealEstate #Realtor #FirstTimeHomeBuyer #ReadytoMove #FreedomFast #PreApp #LetFreedomHelp
Mar 17
Markets With the Largest Listings The McMansion, which was popular in the 1980s and ’90s, is having a renaissance as demand surges during the pandemic for larger properties with expansive yards. Homes that are 4,000 square feet or more sold 70% faster than smaller homes nationwide in February, according to realtor.com®. Realtor.com®’s research team evaluated …
Mar 17
Even as home prices rapidly escalate, many first-time home buyers—a group economists long feared would be priced out of the market—are finding they actually have advantages over repeat buyers: more flexibility in the transaction and access to a greater variety of financing options. Flexibility is particularly helpful when shopping for a home in today’s competitive …
Mar 16
Sought-After Apartment Amenities Lifestyle improvement has emerged as the main motivator for renters looking for new spaces a year after the COVID-19 pandemic began, according to a new survey from RentCafé. Back in March 2020, the top renter preference centered around pricing. In the latest survey, 41% of renters chose “open-air amenities” and “more space” …
Mar 16
Renters Take Notice of Home Equity Increases Home prices are up sharply, and the average annual homeowner equity gains in the fourth quarter of 2020 reached the highest level since 2013, CoreLogic reports in its latest Home Equity Report. These gains among homeowners have helped to offset some of the financial difficulties from the pandemic. …
