Strong buyer demand in the face of a constrained supply of homes for sale continues to be the story again this month. New construction activity, in the form of housing starts as reported by the Department of Commerce, has picked up in recent weeks but remains well below levels required to substantially increase the number […]
RISMedia reported from the Mortgage Bankers Association the following: The mortgage space continues to bounce back amid the coronavirus pandemic, according to the latest data from the Mortgage Bankers Association (MBA). In June, new mortgage applications were up. And for the week of July 5, forbearance rates continued to post declines. Here’s the breakdown: New […]
Brooke Chaplan a freelance writer and blogger writing for RISMedias Housecall recommends the following: 4 Things Homebuyers Should Know About New Construction Homes Being the first person to own a newly-built home can be a source of immense pride and enjoyment. Having the chance to build a house to your exact specifications gives you a great […]
According RISmedia.com pending home sales reached a 44.3 percent monthly increase in May—a new record, according to the National Association of REALTORS® (NAR). After two previous months of declines, pending home sales are showing a market rebound, with every major region recording a month-over-month increase. According to NAR, the Pending Home Sales Index (PHSI) increased to 99.6 […]
According to BusinessInsider.com the US economy notched its second straight month of job additions in June amid nationwide efforts to claw back from a coronavirus-induced recession. American businesses added 4.8 million nonfarm payrolls during the month, according to the Bureau of Labor Statistics. That exceeded the 3 million payroll additions expected by economists surveyed by Bloomberg. The US […]
Brian Cheung with Yahoo Finance explains the Fed’s bond buying program in this June 29th article. The Federal Reserve on Monday fired up its facility to directly purchase corporate bonds from the companies themselves, rounding out its bond-buying program as the central bank continues to combat the economic fallout from the COVID-19 crisis. Since May, the Fed has already […]
According to Mark Mathis, VP of Sales for Homes.com, COVID-19 has had more effects on people and the economy than just what is seen. With the CARES Act, many who lost their jobs used the opportunity to postpone their mortgage payments. This was an option that looked attractive but now we are seeing the ripple effect from […]
According to Liz Dominguez, senior online editor for RISMedia, the Federal Reserve has decided to maintain the target range for the federal funds rate at 0 to ¼ percent. This was expected that the Fed would leave interest rates unchanged and near zero in order to continue the flow of credit reeling from the coronavirus. Further the […]
According to Liz Dominguez, senior online editor writing for RISMedia and sourcing from the National Association of REALTORS® (NAR), April marked two consecutive months of the decline in pending home sales. There was a decline in every major market and year over year pending home sales were down 33.8 percent and decreasing 21.8 percent from March. NAR reported this […]
Why not try a higher price for a couple of weeks? If you knowingly chose to over price your home, you would be overpriced during the period of highest potential for buyer activity. You would then lower the price after buyers have already seen your home and decided not to preview it. Price it right during […]