April, 2021

Scottsdale housing market: Not just for snowbirds anymore

Housing Wire

Historically, retirees have always put Scottsdale high on their list of destinations when looking to take advantage of lower home prices, larger lots, agreeable weather and low cost of living.

Don’t Sell on Your Own Just Because It’s a Sellers’ Market

Keeping Current Matters

In a sellers’ market , some homeowners might be tempted to try to sell their house on their own (known as For Sale By Owner , or FSBO ) instead of working with a trusted real estate professional.

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Housing Share of GDP: 17.6% at Start of 2021

Eye on Housing

Thanks to a surge in residential investment during 2020, housing’s share of GDP has returned and remains near historic norms. Last year’s market conditions involved a renewed focus on the importance of home, an evolving geography of housing demand, and a lack of for-sale inventory.

What to Know Before You Build a Shipping Container Home

Point2Homes

Image: Halfpoint / Shutterstock.com. The idea of creating a shipping container home appeals to many people. It’s a way to build a new home out of steel containers that would otherwise just be lying around unused.

SoftBank invests $500M in fintech startup Better.com

Inman

Better.com is set to receive $500 million from SoftBank's Vision Fund, according to a WSJ article on Thursday. This places better.com's valuation at $6 billion. Mortgage News Brief Select Technology better.com fintech startup funding rounds softbank SoftBank Vision Fund Vishal Garg

Sellers and Buyers Are Both Feeling More Optimistic In Today’s Market

Lighter Side of Real Estate

There’s no denying that the real estate market has had its ups and downs over the past year. But how are buyers and sellers feeling about the market today? In March, the Fannie Mae Home Purchase Sentiment Index (HPSI) was 81.7,

More Trending

Homeownership Is Full of Financial Benefits

Keeping Current Matters

A Fannie Mae survey recently revealed some of the most highly-rated benefits of homeownership, which continue to be key drivers in today’s power-packed housing market.

Equity 230

Laundry Room & Exterior Lighting Top Buyers’ Most Wanted List

Eye on Housing

The two most wanted features in a home are a laundry room and exterior lighting, according to NAHB’s latest study on consumer preferences – What Home Buyers Really Want (2021 Edition).

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How to Get Rid of Junk in Your Home

Point2Homes

Image: Palabra / Shutterstock.com. According to the Environmental Protection Agency (EPA), the average American produces 4.4 pounds of waste each day. And, although most of this finds its way into the trash, some will remain in your home.

Will mortgage rates go down in May 2021? Forecast and trends

The Mortgage Report

Mortgage rates are holding low but May 2021 could see big upward mortgage rate swings. Advice, predictions, and your next steps. Economic News Forecasts Mortgage News Mortgage Rates Mortgage Strategy Forecast Freddie Mac Housing Mortgage mortgage rates Real Estate

Renting a Truck With U-Haul: What to Know

RIS Media

Are you considering renting a U-Haul truck for an upcoming move? Whether you need to move you and your family across the state, or you’ve just got some building materials for an up-and-coming product you need to move, you’re probably going to need to rent a truck.

Here it is: Biden’s first-time homebuyer tax credit legislation

Housing Wire

Consumers have been closely following President Joe Biden’s proposed first-time homebuyer tax credit , but the newest form of that proposal has several significant restrictions.

4 Tips to Maximize the Sale of Your House

Keeping Current Matters

Homeowners ready to make a move are definitely in a great position to sell today. Housing inventory is incredibly low, driving up buyer competition. This gives homeowners leverage to sell for the best possible terms, and it’s fueling a steady rise in home prices.

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Buyers Have Diverse Preferences for the Home’s Exterior Design

Eye on Housing

A new question introduced to the 2021 Edition of What Home Buyers Really Want* showed buyers pictures and descriptions of four exterior designs and asked for their preference.

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Housing market is headed for a slowdown say Fannie, Freddie

Inman

The booming housing market could be slowing down — Fannie Mae and Freddie Mac are predicting a decrease in mortgage originations in 2021. Markets & Economy Mortgage Select doug duncan fannie mae forcast freddie mac housing market mortgage originations Sam Khater

What is a Kick-Out Clause and How Do You Use It?

Redfin

Every real estate transaction involves risk, whether you are the buyer or the seller. And during a real estate transaction, either party can include specific contingencies to help mitigate some of the risks.

No foreclosures until 2022? CFPB seeks to extend foreclosure moratorium

The Mortgage Report

CFPB has proposed extending the foreclosure moratorium through Dec. 31, 2021. That would mean no COVID-related foreclosures until 2022. Learn more here. Mortgage News

What’s next for the overheated housing market?

Housing Wire

According to the National Association of Realtors, March’s existing-home sales came in at 6.01 million. Because March 2020 sales were slightly weaker due to the start of COVID-19, the year-over-year growth in sales for March 2021 came in at 12.3%.

4 Major Reasons Households in Forbearance Won’t Lose Their Homes to Foreclosure

Keeping Current Matters

There has been a lot of discussion as to what will happen once the 2.3 million households currently in forbearance no longer have the protection of the program. Some assume there could potentially be millions of foreclosures ready to hit the market. However, there are four reasons that won’t happen.

Equity 214

Buyers Are Split on Multigenerational Homes

Eye on Housing

A multigenerational home is desirable to some buyers, but not to all.

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9 of the Punny-est Real Estate Memes on the Internet

Lighter Side of Real Estate

Who doesn’t like a good pun?! Yes, even the people who groan when they hear one. Deep down, everyone appreciates a well-crafted pun. Which is why “punny” real estate memes go over so well (when they’re done right).

Builders take drastic measures to deal with rising lumber costs

Realty Biz

Home builders say they have adopted a range of tactics to try and protect themselves from the rising cost of lumber, which is perhaps the single-most important building material that goes into any new home.

No foreclosures until 2022? CFPB seeks to extend foreclosure moratorium

The Mortgage Report

CFPB has proposed extending the foreclosure moratorium through Dec. 31, 2021. That would mean no COVID-related foreclosures until 2022. Learn more here. Mortgage News

The housing market won’t crash in 2021. Here’s why

Housing Wire

A recent article published by CNBC showed that internet searches for the term “housing crash” had gone up 2,450% in the past month. A lot of folks are concerned about a housing market crash.

Your Tax Refund and Stimulus Savings May Help You Achieve Homeownership This Year

Keeping Current Matters

If you’re planning to buy a home this year, saving for a down payment is one of the most important steps in the process. One of the best ways to jumpstart your savings is by starting with the help of your tax refund.

Conventional and FHA Mortgages Finance 90% of New Home Sales in Q1 2021

Eye on Housing

NAHB analysis of the most recent Quarterly Sales by Price and Financing published by the U.S. Census Bureau reveals that conventional loans financed the largest share of new home sales since 2018. The share of sales backed by conventional loans in the Q1 2021 increased 2.8

Ben Carson joins board of directors of largest homebuilder in US

Inman

The largest homebuilder in America, D.R. Horton, announced it appointed former HUD Secretary Ben Carson to its board of directors. Industry News ben carson board of directors D.R. Horton hud U.S. Department of Housing and Urban Development

What do Home Inspectors Look for?

Redfin

A home inspection is a standard step in the homebuying process. While you may certainly wave this contingency in your offer letter, it’s recommended to have any home you’re looking to buy inspected. And not just anyone can perform the inspection, either.

Basic requirements to buy a house: 6 must-haves for first-time buyers

The Mortgage Report

Requirements to buy a house aren't as strict as you might think. Requirements for credit, income, and down payment are lenient for first-time home buyers. Buying a home

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Who qualifies for the $25K first-time homebuyer grant

Housing Wire

If recently-introduced first-time homebuyer legislation were to be enacted as written, about 4.37 million people – roughly 10% of the nation’s renters – could be eligible for up to $25,000 in downpayment assistance.

Will the Housing Market Maintain Its Momentum?

Keeping Current Matters

Last week’s Existing Home Sales Report from the National Association of Realtors (NAR) shows sales have dropped by 3.7% compared to the month before. This is the second consecutive month that sales have slumped. Some see this as evidence that the red-hot real estate market may be cooling.

How Builders Try to Deal with Rising Lumber Prices

Eye on Housing

As most industry observers know, softwood lumber prices have been extremely high and volatile over the past year. During an unprecedented four-month surge in 2020 prices nearly doubled, reaching an all-time high in September.

Mortgage Programs and Loans For First Time Home Buyers

Maximum Exposure Real Estate

11 Financing Programs for First-Time Home Buyers Are you looking to find a first-time home buyers program? A first-time home buyer loan is something that many folks ask both real estate agents and mortgage brokers about.

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Investment guru Jim Cramer pays off mortgage with bitcoin profits, gets roasted

Inman

"I now own a house, lock, stock and barrel, because I bought bitcoin," said Cramer. "I I don’t know, I think I won!" But not everyone agrees with his decision. Investing Mortgage bitcoin Jim Cramer mortgage payoff twitter