September is typically the sweet spot for buyers: the summer frenzy is slowing down and competition isn’t as fierce. This year, however, things were different. According to realtor.com®’s September Monthly Housing Trends Report, this fall, homebuyers are typically paying roughly $20,000 more for a home, facing 25 percent more competition than at the start of the […]
(TNS)—With some gyms closed and a number of people working from home, the COVID-19 pandemic has made it more difficult for many people to get in their daily workout. Sedentary behavior, including sitting for long periods of time, can contribute to adverse health effects, including something referred to as “sitting disease.” In this Mayo Clinic […]
Now that the summer heat is slowly dissipating, it’s time to start prepping your air conditioner for the cooler fall temperatures. Depending on where you live in the U.S., you might not expect to use your AC unit much this fall, and you might not use it at all during the winter. Related: Essential Maintenance to […]
Let me preface this report by saying that due to the shortage of homes in the area and in certain price ranges, newly listed homes are under contract in less than 12 hours. Sometimes the seller will ask for multiple offers in a “best and final” contract solicitation. In order to be prepared for such an event, […]
Record lows: The average 30-year fixed rate is 2.86% this week, and the 15-year is 2.37%, Freddie Mac says Average mortgage rates for 30-year and 15-year mortgages fell to all-time lows this week, Freddie Mac said in a report on Thursday. The 30-year average is 2.86%, breaking the prior low of 2.88% set in the first week of August, […]
The pandemic is pushing homeowners out of the big cities and into rural and suburban areas, pushing up home prices in previously sleepy towns. In July, less densely populated areas showed more buyer interest than urban areas, Redfin said. Before the pandemic, 9% of homebuyers said they were searching for a home in rural areas. Now, 19% say they are […]
By necessity, due to the coronavirus pandemic, some homebuyers have been purchasing homes sight-unseen. But is this a trend that’s here to stay? According to a new Zillow® survey, 36 percent of Americans say they are more likely to try purchasing a home completely online during the pandemic, while 30 percent say they would do […]
According to Realtor® Magazine the 30-year fixed-rate mortgage averaged 2.98% this week, the lowest rate in Freddie Mac’s records dating back to 1971. “The drop has led to increased home buyer demand and, these low rates have been capitalized into asset prices in support of the financial markets,” says Sam Khater, Freddie Mac’s chief economist. […]
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 Home Mortgage ApplicationsAccording to the MBA’s Builder Application Survey, […]
Rebecca Donatelli, Realtor ® with the National Association of Realtors YPN Advisory Board writing for RISMedia shares the following advice to agents and buyers. With a rapidly changing market and low inventory, homes are selling faster than ever. New listings can have several offers before your clients even have a chance to see the home. […]