January, 2021

3 Must-Do’s When Selling Your House This Year

Keeping Current Matters

It’s exciting to put a house on the market and to think about making new memories in new spaces. However, despite the anticipation of what’s to come, we can still have deep sentimental attachments to the home we’re leaving behind.

5 ways to pay off your mortgage early: Pros and cons

The Mortgage Report

Here are five ways to pay off your mortgage faster. Plus, what to consider before putting your hard-earned cash toward early mortgage payments. Homeownership Topics Refinance

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8 Major Home Design Trends That’ll Be Big in 2021, According to Redfin and Hunker

Redfin

This article is a collaboration between Redfin and Hunker . With a new-found love for our homes this past year, it’s likely you’ve racked up a laundry list of ways that you’d love to revamp your space. And what better time to refresh and upgrade your home than the New Year?

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Home prices surge to six-year high in November

Housing Wire

Record low inventory and strong buyer demand once again pushed up the cost of homes in the U.S., as prices in November rose 9.5% nationally over the same time last year, according to the S&P CoreLogic Case-Shiller index.

The FIRE Take on Wall St Bets, GameStop, and Meme Stonks

Afford Anything

The investor community is split into two factions: FIRE vs. YOLO. The YOLO crowd includes the people who read Reddit’s r/WallStreetBets, who chase speculative trades, who place margin trades on Robinhood. They share stock tips on Discord and bet on whatever appears in their chat feed.

How to Maintain a Healthy Credit Score

RIS Media

Getting a Healthy Credit Score and Keeping It. Do you have strong desires to own your first house? Maintaining a good credit score is important, especially when you are young and have many years of borrowing ahead of you. If you are under 30, try not to over-borrow.

More Trending

Canadians Are Paying Big Premiums To Own Instead of Rent, Shows CMHC Data

Better Dwelling

Households in Canada’s largest real estate markets are big premiums to own. Canada Mortgage and Housing Corporation (CMHC) analysis shows the gap between the cost of owning and renting in 2020. Carrying costs in the largest market are now almost double that of paying rent.

How to Cancel or Update Your Change of Address

Point2Homes

Image: zimmytws / Shutterstock.com. Are you moving soon? If so, file your United States Postal Service (USPS) address change — either online or at a post office — in advance of your moving day.

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Zillow: Expect another record year for home sales

Housing Wire

Zillow’s 2021 housing forecast echoes the projections of other industry experts of a rapid acceleration of home value appreciation, with numbers anticipated to be even higher than in 2020.

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Led by Lumber, Building Materials Prices Climb 5.4% in 2020

Eye on Housing

Prices paid for goods used in residential construction ex-energy rose 0.7% in December (not seasonally adjusted) and ended the year 5.4% higher than they stood in December 2019, according to the latest Producer Price Index (PPI) report released by the Bureau of Labor Statistics.

Home Trends to Watch for in 2021

RIS Media

As 2020 caught us spending more time at home, homeowners began rethinking how they would use their homes in the new year. Some homeowners may even end up listing their current home to take advantage of the booming market and low inventory, in hopes of finding a home that will meet their new needs.

What’s the Difference between an Appraisal and a Home Inspection?

Keeping Current Matters

If you’re planning to buy a home, an appraisal is an important step in the process. It’s a professional evaluation of the market value of the home you’d like to buy.

Canadian Real Estate Prices Grew Over 25x Faster Than U.S. Prices Since 2005

Better Dwelling

Canadian real estate prices are growing to comical levels, as bad policy stacks up. Federal Reserve data shows real adjusted home prices increased at double the pace of the U.S in Q3 2020. As big as the gain is, it’s one of many times Canadian real estate prices have outperformed the U.S.

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What is PMI: How to Get Rid of Private Mortgage Insurance

Maximum Exposure Real Estate

How to End Paying Private Mortgage Insurance What is PMI? Great question, right? Many people, especially first time home buyers, hear the term PMI and have no idea what it means. You will see the definition of PMI in a moment and, more importantly, how to terminate it.

Potential impacts of Biden’s $15,000 tax credit

Housing Wire

The housing industry is keeping a close eye on the Biden administration’s proposal of a first-time homebuyer tax credit of $15,000. If passed, the funds — which would help cover a down payment — could be accessed immediately by the buyer at the closing table.

COVID-19 Continues to Impact Home Purchasing Plans

Eye on Housing

According to NAHB’s latest Housing Trends Report (HTR), the share of Americans who are considering the purchase of a home in the next 12 months was 15% in the fourth quarter of 2020, four percentage points higher than a year earlier and the largest year-over-year gain in the 3+year history of this series.

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It’s Finally 2021, Make Your Home Feel New Again

Coldwell Banker

Tips to Create a Functional Space for Your Evolving Stay-At-Home Needs. The post It’s Finally 2021, Make Your Home Feel New Again appeared first on Coldwell Banker Blue Matter. Home Decor covid Covid-19 home decor home gym Stay at Home Work from Home

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Why Right Now May Be the Time to Sell Your House

Keeping Current Matters

The housing market made an incredible recovery in 2020 and is now positioned for an even stronger year in 2021. Record-low mortgage interest rates are a driving factor in this continued momentum, with average rates hovering at historic all-time lows.

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Canada’s Economy Has Never Been More Dependent On Real Estate

Better Dwelling

Canada’s economy just became even more dependent on real estate. Statistics Canada (Stat Can) data shows residential investment soared to a record high in Q3 2020. The rate it’s grown over the past few months has far outpaced the economy.

20 Best Cities To Invest In Real Estate In 2021

Norada Real Estate

Real estate remains an appealing asset class for investors because of the opportunity to earn recurrent income from rentals. If the market dynamics are optimal, your monthly rental income can fully offset the expenses associated with servicing your mortgage.

COVID couldn’t stop the U.S. housing market in 2020

Housing Wire

Today the National Association of Realtors reported existing home sales for the month of December were at 6,760,000, a beat of estimates. This also closed the books on 2020’s housing market as we finished out the year at 5,640,000 total existing-home sales — a 5.6%

How to Sell Your House in 2021

Redfin

So, you’ve evaluated your finances, thought about your lifestyle and made the big decision to sell your home.

4 Mistakes Homebuyers Make in a Hot Real Estate Market

RIS Media

Some buyers are very green when it comes to purchasing real estate. As their agent, you are there to help them make the right decisions so that they stand a fighting chance in a highly competitive housing market.

What Does 2021 Have in Store for Home Values?

Keeping Current Matters

According to the latest CoreLogic Home Price Insights Report , nationwide home values increased by 8.2% over the last twelve months. The dramatic rise was brought about as the inventory of homes for sale reached historic lows at the same time buyer demand was buoyed by record-low mortgage rates.

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Canadian Mortgages Over 120 Days Past Due Rises At The Fastest Pace In Years

Better Dwelling

Canadian mortgage delinquencies are falling, except for people really behind. Canada Mortgage and Housing Corporation (CMHC) data shows the change of mortgages past due in Q3 2020. Most segments of days past due (DPD) show a sharp decline in the most recent reported quarter.

How Affordable is the New Home Premium?

Eye on Housing

Earlier we published a post highlighting lower operating costs per dollar value for new homes.

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The Fed plots a slow, stable path on mortgage rates

Housing Wire

The Federal Open Market Committee left future economic policies virtually unchanged at its Wednesday meeting, indicating that short-term mortgage rates will stay low for years to come.

6 Reasons Why You Should Remodel Your Kitchen

Redfin

The kitchen is one of the most important rooms in a home, serving as both a central meeting place for family and a functional area necessary for preparing meals. So it’s easy to understand why a state-of-the-art kitchen is a must-have for millions of homeowners from coast to coast.

Women in Real Estate

RIS Media

Understanding the Hurdles, Seizing the Opportunities. This article first appeared in Real Estate magazine’s special-edition Women in Real Estate issue. View the entire issue here.

Is This the Year to Sell My House?

Keeping Current Matters

If one of the questions you’re asking yourself is, “Should I sell my house this year?” consumer sentiment about selling today should boost your confidence in the right direction.