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Condo Construction Ramps Up
Source: Realtor Magazine --- Just like townhome demand is rising so is condo demand. The first quarter proved to be the best quarter for condo construction since the third quarter of 2008—in about 14 years, according to the National Association of Home Builders. As...
Report Shows Where Yards Get Highest Value
Source: Realtor Magazine --- When it comes to the value of a home, yards in Hawaii get the most consideration in the U.S. Living Cozy, a homeware and furniture brand analyzed the average home value and yard size in each state to identify where the size of a yard could...
Calendar: What’s driving mortgage rates the week of May 30-June 3, 2022
Source: Bankrate --- Mortgage rates are notoriously difficult to predict. They rise and fall based on market sentiment, headlines and a variety of economic indicators. Here’s a look at what could move markets this week. The major dose of economic news comes Friday,...
How to map out your real estate strategy for today’s housing market
Source: Washington Post --- You don’t have to be an avid follower of the market to know that in the past several years the price of homes has skyrocketed while the supply of properties for sale has diminished. Here are some tips for buyers and sellers to help you map...
Even as rates go down, affordability remains a problem
Source: Business Insider --- Mortgage rates continue to hold steady around 5%. Rates have been inching down for the past few weeks after hitting a peak of 5.3% in the second week of May. Even though rates are softening slightly, they're still having an impact on...
Here’s what you need to know about reverse mortgages
Source: CNBC --- With the stock market getting volatile but the housing market still hot, reverse mortgages have become a more attractive tool for older Americans who need cash for retirement but want to stay in their homes. Home Equity Conversion Mortgage loan volume...
WHAT’S NECESSARY (AND WHAT’S NOT) WHEN PREQUALIFYING REAL ESTATE PROSPECTS?
Source: RisMedia --- When potential homebuyers come to you for help in finding a home, you’ll want to be certain that they’re qualified to make the purchase before you start working with them. But prequalifying real estate prospects—simply ensuring that they’ll be...
Big Shift in Housing Numbers. Scary or Welcome?
Source: Mortgage News Daily --- The housing market has been keeping its head down, keeping calm, and carrying on in the face of the biggest rate spike since the 1980s. The ability to tune out rising rates is nothing new for home prices, as discussed a few weeks...
Affordability slips again as mortgage application payments rise nearly 9%
Source: Scotsman Guide --- Homebuyer affordability continued to erode in April, with the Mortgage Bankers Association (MBA) reporting that the national median payment applied for by mortgage seekers rose to $1,889. That’s up 8.8% from the $1,736 figure in March and up...
‘Highest and Best’ vs. ‘Best and Final’: A Homebuyer’s Guide to Offers and Winning a Bidding War
Source: Realtor --- There are signs that the housing market is easing off the record-high prices it’s seen during the past few years, but bidding wars for homes are far from over—especially in competitive markets. And the difference between landing your dream home and...
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