February, 2021

Mortgage rates jump to 2.81%

Housing Wire

After three weeks of unchanged rates, the average mortgage rate for a 30-year fixed loan jumped 8 basis points to 2.81%, reaching its highest point since mid-November, according to Freddie Mac ’s Primary Mortgage Market Survey.

3 Reasons We’re Definitely Not in a Housing Bubble

Keeping Current Matters

Home values appreciated by about ten percent in 2020, and they’re forecast to appreciate by about five percent this year. This has some voicing concern that we may be in another housing bubble like the one we experienced a little over a decade ago.

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First-Time Home Buyers Find Unexpected Benefits in Current Market

Lighter Side of Real Estate

There’s no denying that low inventory and increasing prices have presented challenges for buyers in today’s market—and that includes first-time buyers. But the market also offers a slew of benefits for first-time buyers—and many have had a positive experience buying a home in recent months.

Homeownership Remains Primary Driver of Household Wealth

Eye on Housing

The 2019 Survey of Consumer Finances (SCF) showed improvements in economic well-being for many across income and wealth distributions over 2016 to 2019. The homeownership rate increased from a low of 63.7% in 2016 to 64.9% in 2019.

Cover Story: Growing, Connecting and Helping Agents Close More Sales

RIS Media

Bold Moves Create Modern Advantages for the RE/MAX® Network. A year ago, in March 2020, on the heels of an active January/February that set the year up as a strong one for home sales, the reality of COVID-19 hit the U.S. consciousness like a prize fighter’s uppercut.

The Art of Mindful Living = Conquering Your Calendar

Coldwell Banker

Mastering Your Schedule So it Doesn’t Master You. The post The Art of Mindful Living = Conquering Your Calendar appeared first on Coldwell Banker Blue Matter. Health & Wellness calendar home Meditation Mindfullness Schedule

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Where Have All the Houses Gone?

Keeping Current Matters

In today’s housing market, it seems harder than ever to find a home to buy. Before the health crisis hit us a year ago, there was already a shortage of homes for sale.

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Lender credits: How a mortgage lender can pay your closing costs

The Mortgage Report

Lender credits let the mortgage lender pay closing costs, while the borrower pays a higher interest rate. Find out if lender credits are worth it here. About Mortgages

Share of Home Buyers Getting Outbid Almost Doubles

Eye on Housing

An earlier post revealed that 69% of buyers who were actively engaged in the process of finding a home in the final quarter of 2020 have spent upwards of 3 months searching for a home without success.

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Several Realogy Members Recognized as RISMedia’s 2021 Real Estate Newsmakers

RIS Media

Realogy Holdings Corp. recently announced that more than 40 of its leaders, affiliated agents and broker/owners were recognized on RISMedia’s Real Estate Newsmakers list, represented across multiple categories.

Need More Parking? Here’s the Average Cost of a Garage Extension

HomeLight

In light of the COVID-19 pandemic, many homeowners feel the urge to expand and enhance their living space. Maybe you need more space now that your kids moved back home, or perhaps you need a designated home office to get away from household distractions.

Inside United Wholesale Mortgage’s plan to topple Rocket

Housing Wire

Weeks before United Wholesale Mortgage (UWM) went public in a SPAC deal that valued the lender at $16.1 billion, its president and CEO Mat Ishbia said observers shouldn’t expect a different United Wholesale Mortgage or a different Mat. He proved it in his first earnings call.

Why Owning a Home Is a Powerful Financial Decision

Keeping Current Matters

In today’s housing market, there are clear financial benefits to owning a home: increasing equity , the chance to build your net worth , and appreciating home values, just to name a few. If you’re a renter, it’s never too early to think about how homeownership can propel you toward a stronger future.

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Home Insurance: What to Know About Homeowners Insurance

Maximum Exposure Real Estate

What is Home Insurance? Do you know what home insurance is and how it works? The idea of homeowners insurance might seem simple, but it can be easily misunderstood. We’ll be taking a look at everything you need to know about home insurance.

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Why Now Is a Great Time to Tap Into Your Home’s Equity

American Lifestyle

The post Why Now Is a Great Time to Tap Into Your Home’s Equity appeared first on American Lifestyle Magazine.

Equity 101

Agent Survey: No One Beats Coldwell Banker When it Comes to Agent Satisfaction

Coldwell Banker

Beyond tech, tools and training – Coldwell Banker has it covered when it comes to agent needs. The post Agent Survey: No One Beats Coldwell Banker When it Comes to Agent Satisfaction appeared first on Coldwell Banker Blue Matter.

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Survey: Luxury Real Estate Beats Out Other Investments

RIS Media

Luxury Portfolio International® (LPI), the luxury division of Leading Real Estate Companies of the World® , recently released a study of the world’s most affluent households: “State of Luxury Real Estate.”

Fannie Mae reports rising confidence in housing market

Housing Wire

Following two months of steady declines, Fannie Mae’s Home Purchase Sentiment Index (HPSI), a composite index designed to track the housing market and consumer confidence to sell or buy a home, rose in January. The HSPI rose 3.7 points last month to 77.7.

Are There Going to Be More Homes to Buy This Year?

Keeping Current Matters

If you’re looking for a home to purchase right now and having trouble finding one, you’re not alone. At a time like this when there are so few houses for sale, it’s normal to wonder if you’ll actually find one to buy.

Top Challenges for Builders: Building Materials Prices in 2020 & 2021

Eye on Housing

Building materials prices topped the list of problems builders faced in 2020 and is expected to return to the number one spot in 2021, according to special questions on the December 2020 survey for the NAHB/Wells Fargo Housing Market Index.

Downsize or Upsize—Which Is Right for You?

American Lifestyle

The post Downsize or Upsize—Which Is Right for You? appeared first on American Lifestyle Magazine.

Is now a good time to buy a house? What home buyers in 2021 should know

The Mortgage Report

Is now a good time to buy a house? Low rates will help some first-time buyers, but COVID will hinder others. Here's what you should know. Buying a home Real Estate News

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All-white No More: New Kitchen Trends Are Set to Dominate 2021

HomeLight

2021 is bringing a wave of changes. Major news outlets are moving on from election drama. Toilet paper shortages are a thing of the past. We’re even using the word “unprecedented” a little less.

We need higher mortgage rates to cool the housing market

Housing Wire

The years 2020-2024 will have the best housing demographics ever recorded in U.S. history, with the lowest mortgage rates recorded in history. When you have these two titans acting in unison, it can potentially accelerate real home prices in an unhealthy way.

How Much Leverage Do Today’s House Sellers Have?

Keeping Current Matters

The housing market has been scorching hot over the last twelve months. Buyers and their high demand have far outnumbered sellers and a short supply of houses. According to the latest Existing Home Sales Report from the National Association of Realtors (NAR), sales are up 23.7%

Features men and women home buyers really want

Zolo

Sellers will quickly realize that there is very little space to highlight the best features of your home, so it's best to choose wisely and focus on the features homebuyers really want. The post Features men and women home buyers really want appeared first on Zolo. Home Buying

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Expectations for Housing Availability Continue to Improve

Eye on Housing

Buyers’ perceptions about the availability of homes in the market are showing significant improvement, according to the latest Housing Trends Report.

Can closing costs change on the closing disclosure?

The Mortgage Report

Some closing costs can increase on the Closing Disclosure (CD) but others can't. Here's how to use the CD to get the deal you were promised. About Mortgages

Is Gray Passé? The Future of The Decade’s Hottest Paint Color

HomeLight

Gray has been having a moment — ahem, more of a decade, actually. For the past several years, the cool neutral has reigned as the color king of Pinterest, HGTV, and countless design blogs.

5 tips for buying a home in a seller’s housing market

Housing Wire

There’s no doubt we’re in a seller’s housing market. With inventory at record lows, demand surging and prices on the rise, buying — even just finding — a home in today’s market is quite the challenge. Of course, nothing’s impossible.