Some good news that will come out of the prolonged shutdown from the coronavirus will be mortgage rates falling below 3% this fall. The economic rebound will depend on how long the coronavirus will keep the country shut down. “Looking forward, while rates may rise from week to week, we expect the overall trend to be downward, with rates sliding below 3 percent by the end of 2020,” said Danielle...
According to the current NAHB/Wells Fargo Housing Market Index (HMI) builder confidence is up for newly-built single-family homes to 37, a seven-point increase, this month. The confidence stems from the slow but steady stabilizing and rising of the housing market among the COVID-19 crisis. “The fact that most states classified housing as an essential business during this crisis helped to keep many...
House hunting can be stressful and complicated even in a nonstressful environment but it is even more taxing in today's current pandemic. Now that the country is under a shelter-in-place order many a wondering if it is safe to start on an adventure of buying a home. Luckily the real estate industry is always evolving, so adapting to things such as a safe social distance or remote showings comes easy. If...
There is a first time for everything, and it is usually exciting and scary all rolled up into one. Buying a house for the first time is one of those times. Once you decide to buy a home, there are so many other factors to consider. Here you will find five things to consider when purchasing your first home. To afford the house of your dreams, most Americans choose to take out a mortgage. For first...
There is so much information being given to home buyers and sellers right now, and that information seems to change daily. The federal government has designated real estate, title companies, and lenders as essential businesses, so the housing market is still "open for business" even during these stressful times. The one thing that homeowners and home buyers alike need to know is that this crisis is NOT the...
Purchasing a new home is a big financial step especially for a first time home buyer. There are many factors to consider before purchasing a new home such as the right neighborhood and the price point you can truly afford. The average person rarely ever pays cash for such a big purchase. Most home buyers take out a mortgage to purchase a house. For first time home buyers, this can be quite overwhelming but...
When selling your home it is important to stand out from the rest of the competition that is on the market. Highlighting your home's strengths by staging your home will increase the chances of a quick sale for a higher price. According to the National Association of Realtors, a staged home sells for 17% more on average than a home that is not staged. Staged homes also sell faster, in fact, 95% of staged...
They say home is where the heart is and selling your home can be an emotional process. Memories and attachments can make it hard to leave it behind. These emotions can sometimes hinder the sale of your home. Being prepared to sell is a must and there are blunders to avoid when selling your home. These three costly mistakes can deter or delay the sale of a home. Do Not Overprice Your Home. Today’s...
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