Housing Market Hurdles The housing market largely outperformed the rest of the economy throughout 2020. But the housing market’s recovery still remains more “lopsided than ever as the gap between buyer demand and supply widens,” according to a newly released report from realtor.com® about the pandemic’s impact on the housing market over the past year. …
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Mar 15
Down Payments, Mortgage Loan Amounts Reach New Highs
Down Payments, Mortgage Loan Amounts Reach New Highs Home prices have surged to double-digit percentage gains over the past year, which means home buyers are having to either bring more to the closing table or borrow more. They’re doing both. Down payments are at record highs, according to ATTOM Data Solutions’ fourth quarter 2020 U.S. …
Mar 11
Pre-Approval Puts you in Control
Pre-Approval Puts you in Control Getting a pre-approval before looking at those dream homes puts you in control. With the help of myself and John Coneys of Freedom Mortgage, (NMLS# 183853 – 610.322.4886) we can get you ahead of the homebuying crowd and show that you are a serious buyer. #RealEstate #Realtor #HomePurchase #BuyersMarket #FreedomFast …
Mar 11
Where Homeownership Is Leading to the Largest Wealth Gains
Where Homeownership Is Leading to the Largest Wealth Gains A home often represents about 90% of the total wealth of a household. Homeownership often has long been pointed to as a way to build wealth over the long run. It also could help narrow racial income and wealth inequity gaps, writes Gay Cororaton, senior economist …
Mar 10
Keep Phone Calls With Clients Short
Keep Phone Calls With Clients Short Phone calls are still good for business. They can leave both participants feeling more emotionally connected to the other than a simple text exchange can. Also, studies show that a phone call is better at detecting emotional nuances and misunderstandings than video calls, even though you’re relying on voice alone. …
Mar 10
Is the new Workweek 3 Days In, 2 Days Out?
Is the new Workweek 3 Days In, 2 Days Out? Many workers want to continue to work from home, even when the pandemic is over. A new survey from JLL of 2,000 employees globally found that 72% want to be able to work from home more during the workweek, up considerably from 34% before the …
Mar 09
How to Prevent Ice Dams as Snow Melts, Refreezes
As more of the country breathes a sigh of relief as temperatures rise and the countdown to spring shortens, there’s a weather-related concern that remains. Melting snow followed by a cold snap—which is on the way for many parts of the country in the coming week—may cause ice dams to develop and bring a cascade …
Mar 09
Mortgage Rates Top 3%
Mortgage Rates Top 3% Home buyers may not be happy: The 30-year fixed-rate mortgage topped the 3% threshold, averaging 3.02% this week, Freddie Mac reports. Despite the uptick, economists note that mortgage rates remain near historical lows. Since reaching an all-time low in January, mortgage rates have risen by more than 30 basis points, “and …
Mar 08
Fewer Homes for Sale This Year
Fewer Homes for Sale This Year In Denver, real estate pros are reporting that some listings are seeing more than 100 showings in one weekend and are then receiving more than 20 offers. Buyers are being told to expect going 20% above the list price if they want a home. Markets across the country are reporting …
Mar 08
Counties With the Highest Share of First-Time Buyers
Counties With the Highest Share of First-Time Buyers The pandemic has ushered in a wave of first-time home buyers. But it may not be entirely prompted by the pandemic: Millennials are now the largest cohort of the population and were already starting to settle down before COVID-19. The median first-time home buyer age is 32. …
Mar 03
What is Debt to Income Ratio
Calculating your Debt-To-Income ratio (DTI) is one of the simplest ways to get a handle on your financial health. If you’re planning to purchase a home, John Coneys of Freedom Mortgage, (NMLS# 183853 – 610.322.4886) and I can help you find out how that high-volume of spending could affect your DTI! #RealEstate #Realtor #HomePurchase #BuyersMarket …
Mar 03
Hot Spots for Winter Vacation Homes
Hot Spots for Winter Vacation Homes Properties in ski towns may offer a big income stream for second-home buyers. After all, vacation homes have been trending during the pandemic, whether it’s a home in a cold- or a warm- weather locale. Second-home sales jumped 44% in 2020, according to data from the National Association of …
