Real Estate News & Insights
Report: 46.1% of Mortgaged Homes Were Equity-Rich During Q3
At the other end of the spectrum, about 2.8% of mortgaged residential properties were considered seriously underwater in the third quarter. Continue Reading Report: 46.1% of Mortgaged Homes Were Equity-Rich During Q3
Pennsylvania Home Sales Up 10% Year-Over-Year
The median home price continued to hold steady at $299,900. Continue Reading Pennsylvania Home Sales Up 10% Year-Over-Year
10 Crucial Questions to Ask a Real Estate Agent When Selling Your Home
Source: Realtor --- Home prices have been on the rise since the COVID-19 pandemic hit. For proof, look no further than the current median home price—a whopping $450,000. That’s not just a high price, but a new record set in June. As a seller, you may be motivated to...
Can renters still become homeowners? This senator says it’s tough to see how they ‘will ever catch up’
Source: Marketwatch --- Tenants are caught between too-high rents and too-high homeownership costs, depriving them of the American Dream. That was the bleak picture lawmakers and housing experts painted of America’s renters at a congressional hearing Thursday. The...
Housing market chills as mortgage rates, prices scare buyers
Source: AP News --- NEW YORK (AP) — Kyle Tomcak was looking for a home for his in-laws in the suburbs around Denver, something priced close to $450,000. Tomcak became dispirited as he lost out to investors fronting cash offers $100,000 over the asking price. Then...
Homebuyer Competition Drops to Lowest Level in Over Two Years
Source: Redfin --- The bidding-war rate dipped below 50% for the first time since the start of the pandemic in June as rising mortgage rates and inflation took a bite out of homebuyer budgets. Nationwide, 49.9% of home offers written by Redfin agents faced competition...
Should You Buy a Home with Inflation This High?
Source: Keeping Current Matters --- While the Federal Reserve is working hard to bring down inflation, the latest data shows the inflation rate is still going up. You no doubt are feeling the pinch on your wallet at the gas pump or the grocery store, but that news may...
First American: Potential home sales in June drops 2.5% monthly
Source: Scotsman Guide --- According to new figures from First American Financial Corp., a seasonally adjusted annualized rate of 5.47 million existing-home sales would represent a “healthy” pace of home sales for June. Potential home sales according to the company’s...
What to Know About Buying a Modular Home
Source: Nerdwallet --- If you’re house-hunting in a hot market, you may have wondered: “Why don’t I just build?” Choosing a modular home can save you money and time, compared to traditional construction methods. According to the National Association of Home Builders,...
Why Pre-Approval Is a Game Changer for Homebuyers
Source: Keeping Current Matters --- If you’re planning to buy a home this year, you might have heard that pre-approval is a necessary step to take before starting out on your journey. But why is that? And is it still important in today’s shifting market? The truth is,...
WHAT YOU NEED TO KNOW ABOUT A CONDEMNED HOUSE
Source: RisMedia --- Every now and then you may be driving through a particular neighborhood and see a home that is all boarded up. There are likely to be multiple no trespassing signs posted on the lawn and house. What you are likely seeing is a condemned...
Grim outlook for housing market, NAHB CEO warns
Source: Fox Business --- National Association of Home Builders CEO Jerry Howard warned on "Varney & Co." Monday of "a tough time" ahead for the industry as data revealed the housing market has been slowing down. Howard provided the insight on the same day it was...
