Posts Tagged ‘#realestate’
Homebuyers Regain Some Control As Supply Grows And Demand Pulls Back
Limited Sense Of Control Comes At Great Cost May marked a turning point in the pandemic housing frenzy, as buyers regained some control over the market, according to a new report from Redfin, the technology-powered real estate brokerage. This limited sense of control comes at a great cost, as 5% mortgage rates and record-high prices…
Read MoreHomeownership Could Be in Reach with Down Payment Assistance Programs
A recent survey asked prospective buyers to identify the biggest obstacles in their homebuying journey. It found that 36% of those polled said saving for a down payment is one of their primary hurdles to buying a home. If you feel the same way, the good news is there are many down payment assistance programs…
Read MoreBackup offers are a good idea for both buyers and sellers of a home
“It ain’t over till it’s over.” — Yogi Berra, baseball philosopher In real estate, a house isn’t sold until the Fat Lady sings at the closing. Until then, the seller should keep their options open by accepting backup contracts. Likewise, a buyer whose bid for the property fell short should consider asking the seller to…
Read MoreHome Prices Rose Twice as Fast in Car-Dependent Neighborhoods as Transit-Accessible Areas
Legislation would axe downpayment and monthly mortgage insurance fee for firefighters, police officers, paramedics, teachers New legislation would extend a benefit similar to Veterans Affairs (VA) loans to first responders and teachers who buy homes. U.S. Representatives John Rutherford (R-Fla.), Al Lawson (D-Fla.), John Katko (R-N.Y.), and Bonnie Watson Coleman (D-N.J.) introduced the bill, dubbed the Homes for…
Read MoreNumber Of Homes For Sale Surpass 2019 Levels
More sellers seem to be returning to the market as the number of homes listed for sale surpass 2019 levels, according to a new report from Redfin. KEY TAKEAWAYS New listings of homes for sale are up 4% from a year earlier, and up 3% from the same period in 2019. Median home-sale price grew…
Read MoreHome Equity ‘Pandemic-Resistant’
It’s a great time to be a homeowner: ATTOM Data Solutions, Irvine, Calif., said home equity rose sharply in the first quarter, with equity-rich properties in the U.S. outnumbering seriously underwater homes by a 7-1 margin. The company’s first quarter Home Equity & Underwater report said 17.8 million residential properties in the United States were…
Read MoreWith mortgage rates under 3%, homeowners race to refinance
Mortgage rates below 3% have brought homeowners stampeding back to the refinance market. A sharp rise in refi demand is driving an increase in overall mortgage applications, a new report shows. Refinancing to take advantage of mortgage rates that remain far below historical averages can be a smart play. Because with the economy recovering and over 116…
Read MoreMore Than 4 In 10 Millennials Refinanced In The Past Year
More than four in 10 millennials refinanced their mortgage in the past year, according to a report from LendingTree. Record-low mortgage rates fueled the number of refinances which nearly doubled the overall average. During the pandemic, 26% of homeowners refinanced their mortgage, according to the report. Additionally, LendingTree reported that millennials were more likely than any other…
Read MoreWeekly mortgage demand jumps 8.6% after interest rates fall to a two-month low
Last week was the first overall increase in weekly mortgage applications since the end of February. Applications to refinance a home loan jumped 10% for the week, but were still 23% lower a year ago, the Mortgage Bankers Association said. A sharp drop in mortgage interest rates sent homeowners and potential homebuyers to their mortgage…
Read MoreSelling your home? List it midweek
Incentivizing current owners to sell is key Homes listed for sale midweek sell for an average of 1.6 days faster than homes listed on weekend A new report from Redfin shows that homes listed midweek sell for an average of $1,700 more than homes listed on the weekend, based on homes sold above their list price from July 2020…
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