Entries by Phil Whitehead

Animals and Other Pests That Can Quickly Ruin Your Roof

Your roof is what protects your family from the elements and other dangers outside your home. However, your roof is susceptible to damage, especially from different critters. Here are some of the animals and other pests that can quickly ruin your roof: Birds It can be nice to hear birds singing out in your yard, […]

What Appraisers Look for During a Real Estate Appraisal

The home appraisal process can be a stressful time, whether you’re buying or selling a property. It’s the job of the appraiser to find the fair market value of the home. If their findings don’t match the buyer’s offer, there can be delays in the transaction. But if you know what appraisers look for, you […]

Existing-Home Sales Ticked Up Slightly in January

Existing-home sales ticked up slightly in January and increased 23.7% from a year ago, according to the latest data from the National Association of REALTORS® (NAR). January reported a seasonally adjusted annual rate of 6.69 million existing-home sales. Single-family home sales increased at a seasonally adjusted annual rate of 5.93 million in January, rising 0.2% […]

CoreLogic: Mortgage Delinquency Rates Hit Record Highs and Lows in 2020

CoreLogic recently released its monthly Loan Performance Insights Report for December 2020. On a national level, 5.8% of mortgages were in some stage of delinquency (30 days or more past due, including those in foreclosure), which represents a 2.1-percentage point increase in the overall delinquency rate compared to December 2019, when it was 3.7%. However, national overall delinquency has been […]

CoreLogic: Annual U.S. Home Price Appreciation in 2020 Outpaced 2019 Levels

By RISMedia Staff CoreLogic® recently released the CoreLogic Home Price Index (HPI™) and HPI Forecast™ for December 2020, providing a lookback at the state of the housing market and the pandemic’s impact on home price performance throughout 2020. The housing market exceeded expectations in 2020, closing out the year with the highest annual home price gain since February 2014 […]

How to Handle a Burst Pipe and Minimize Damage

Frozen or burst pipes during the cold weather months can be one of the most costly maintenance issues you’ll face as a property owner. A burst pipe suddenly flooding your kitchen can quickly become an out-of-hand emergency that could cost you thousands of dollars in damage. A quick and accurate response is key to resolving […]

2020 Profile of Home Buyers and Sellers:

Real Estate Trends Have Changed Due to COVID The coronavirus pandemic changed many things, buying and selling trends among them. The National Association of REALTORS® (NAR) recently released its annual Profile of Home Buyers and Sellers report, which found that the pandemic incentivized buyers to search out multi-generational homes, while pushing sellers to sell their properties faster. […]

Persistent Buyer Demand Pushes Market Frenzy Past Summer Peak

By RISMedia Staff Persistent buyer demand continues to push the frenzied housing market further into fall and winter months and way past the typical summer peak, according to a new Zillow® report. In September, 22.4 percent of homes purchased in the U.S. sold over list price, an increase from 20.2 percent in August and above the […]

Mortgage rates hit another record low this week

From Housing Wire This week’s dip marks 13 consecutive weeks of rates below 3% October 22, 2020, 10:01 am By Alex Roha The average U.S. mortgage rate for a 30-year fixed loan fell to 2.8% this week, another record low, Freddie Mac said in a report on Thursday. The rate fell one basis points from the week prior and is now […]

Housing Starts Continue To Baffle Experts, Trend Is Upward

Single-family starts displayed continued growth in September, according to the latest report from the Commerce Department. Overall housing production increased 1.9 percent to a seasonally adjusted annual rate of 1.42 million units. The September reading of 1.42 million starts is the number of housing units builders would begin if they kept this pace for the […]