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Demand For Second Homes Is Way Down From Last Year’s Boom
Source: Redfin --- Demand for vacation homes is way down after last year’s pandemic-driven boom. Mortgage-rate locks for second homes were up 9.1% from pre-pandemic levels in April, essentially unchanged from a revised rate of 8.7% in March and down from 15% in...
Before and After: Flipping the Layout of This ’90s Kitchen Made It Way More Spacious
Source: Apartment Therapy --- Large windows that let in lots of natural light are a gift in any home or apartment, but that gift is rendered almost useless if the windows are blocked by trees or hedges on the outside or walls or half-walls on the inside that disrupt...
In With the New or In With the Old? Top U.S. Cities with Largest Shares of Old & New Homes for Sale
Source: Point2 Homes --- As far as dream houses go, no two are alike: Some homeowners find old architecture irresistible, others are drawn to slick up-to-date features. While there’s no definite correlation between price and building age to back up this preference,...
What You Actually Need To Know About the Number of Foreclosures in Today’s Housing Market
Source: Housing Wire --- While you may have seen recent stories about the volume of foreclosures today, context is important. During the pandemic, many homeowners were able to pause their mortgage payments using the forbearance program. The goal was to help...
‘Foreclosure Abuse Prevention Act’ awaits New York governor’s signature
Source: Housing Wire --- Homeowners in New York who are knee-deep in foreclosure litigation may soon get a break, as a piece of legislation making its way to Gov. Kathy Hochul’s desk could discharge a swath of foreclosure cases pending in state and appellate courts....
U.S. Commercial Lending to Hit $895 Billion in 2022, Despite Higher Rates
Source: World Property Journal --- According to a recently updated forecast released by the Mortgage Bankers Association, total U.S. commercial and multifamily mortgage borrowing and lending is expected to hold steady at a projected $895 billion of total lending in...
U.S. Multifamily Sector Enjoying a Record-Setting Year in 2022
Source: World Property Journal --- Based on a new report by CBRE, the U.S. multifamily sector saw strong momentum at the start of 2022, with robust demographic trends underpinning record leasing activity, rent growth and investment during the first quarter. Investment...
Fewest homeowners underwater on their mortgages in more than 12 years
Source: Scotsman Guide --- According to CoreLogic’s most recent Homeowner Equity Report, U.S. homeowners with mortgages saw their equity grow by 29.3% year over year in fourth-quarter 2021, an average gain of $55,300 per borrower. Collectively, these homeowners (whose...
Let’s be a HERO and hold it together – or try for our clients!
Debbie Bloyd is a contributing author to Weekly Real Estate News and can be contacted at 469-768-0337 or [email protected] Everyone is stressed out about finding a house then moving!!!! I have a client now that is just stressed out of her mind …… did I say...
How to Buy a House for Sale by Owner
Source: Nerdwallet --- Most home sellers work with real estate agents to list and market their properties and negotiate with buyers. But about 7% of sellers skip hiring an agent and list their homes "for sale by owner," or FSBO, according to a National Association of...
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