March, 2021

Home prices see highest gain in nearly 15 years

Housing Wire

Home prices continued their acceleration in January according to the S&P Corelogic Case-Shiller National Home Price Index, jumping 11.2% year over year, the highest gain in nearly 15 years. The Tuesday report also revealed an 11.1%

To Renovate or Not To Renovate Before You Sell

Keeping Current Matters

When thinking about selling, homeowners often feel they need to get their house ready with some remodeling to make it more appealing to buyers. However, with so many buyers competing for available homes right now, renovations may not be as vital as they would be in a more normal market.

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Second Homes: 15 Percent of New Home Sales

Eye on Housing

Last week’s post reported on first-time home buyers from the February survey for the NAHB/Wells Fargo Housing Market Index (HMI). According to the same source, second homes (i.e.,

Sales 114

Single Women Outpacing Single Men in Homeownership

Lighter Side of Real Estate

There was a time when people felt they should wait until they were married to buy a home. But today, that idea is no longer as relevant, and single people are more empowered than ever to purchase real estate—and, more specifically, single women.

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Is a Housing Market Crash Possible in 2021?

RIS Media

With the real estate market experiencing surging prices, scant inventories and a backlog of new home construction, many consumers are wondering if what’s gone up must come back down—in other words, are we headed for another housing market crash? Let’s take a closer look.

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What’s the cheapest way to buy a house? 7 Strategies

The Mortgage Report

Looking for the cheapest way to buy a house? Here are seven strategies that can help you become a homeowner much faster than you thought possible.

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How Smart Is It to Buy a Home Today?

Keeping Current Matters

Whether you’re buying your first home or selling your current house, if your needs are changing and you think you need to move, the decision can be complicated.

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Outlying Suburbs Appeal to More Home Buyers

Eye on Housing

A recent NAHB study* found that COVID-19 has impacted the housing preferences of 25% of home buyers. More specifically, the survey asked about location preferences both prior to COVID-19 and now: did buyers’ preferred location change as a result of the pandemic?

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What’s the Most Searched for Home Decor Item in Your State?

Lighter Side of Real Estate

The right accessories can transform a room from dull to decorative, cold to cozy, and even take it from meh to magnificent. Some pieces, like candles and vases, have universal appeal. But depending on which part of the country you call home, other items are more practical than others.

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Tips for Renting a Moving Truck

Point2Homes

Image: Chuck Wagner / Shutterstock.com. When you’re preparing to move, you have a choice between hiring a professional moving company or renting a moving truck, which can be a great way to save money. Moving is expensive, and doing as much as you can yourself will help keep your costs down.

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The Market Crash Is Coming………….Right?

Toronto Realty Blog

TorontoRealtyBlog. I’m pretty sure I’ve written this post before. In fact, I’m pretty sure I’ve written this post before, while using the words, “I’m pretty sure I’ve written this post before,” before.

How much cash matters in a bidding war

Housing Wire

When there’s a bidding war, cash is king. And a recent Redfin study confirmed that it’s the only sure-fire way to win that dream house in a market this crazy.

5 Reasons to Sell Your House This Spring

Keeping Current Matters

When selling a house, most homeowners hope for a quick and profitable transaction that puts them in a position to make a great move. If you’re waiting for the best time to win as a seller, the market is calling your name this spring.

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Nearly 90 Percent of Builders Have Trouble Getting Appliances

Eye on Housing

In the survey results described in one of last week’s posts, prices of building material ranked as the number one problem among NAHB’s single-family builders, and availability of building materials ranked second.

Home buyer grants are helping first-time buyers during COVID

The Mortgage Report

Home buyer grants can help first-time buyers who had a financial setback during COVID. Learn about current assistance programs and how to qualify. First-Time Home Buyers Mortgage News Mortgage Strategy

How to Host Giveaways to Boost Engagement and Brand Awareness

RIS Media

When it comes to lead generation, social media is vital for real estate agents looking to develop a successful marketing strategy. As you grow your presence on social media, engagement follows suit…but only if you use these platforms to connect—and stay connected—to your audience.

House Sale By Owner: Selling a Home For Sale By Owner Pros and Cons

Maximum Exposure Real Estate

Pros And Cons Of a House For Sale By Owner Have you seen home for sale by owner signs and wondered if you should do the same with your place? Do you want to know how to sell a house by owner? We will take an in-depth look at the house for sale by the […].

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Consumers more confident about making mortgage or rent

Housing Wire

Although many homeowners and renters continue to feel the economic pressure of the pandemic , they’re growing more confident that they can pay their rent or mortgage, according to the latest consumer confidence survey by Freddie Mac.

Buyer & Seller Perks in Today’s Housing Market

Keeping Current Matters

Right now, the housing market is full of outstanding opportunities for both buyers and sellers. Whether you’re thinking of buying your first home, moving up to a bigger one, or selling so you can downsize this spring, there are perks today that are powering big moves for people across the country.

First-time Buyers Comprise 43 Percent of New Home Market

Eye on Housing

According to the February survey for the NAHB/Wells Fargo Housing Market Index (HMI), first-time home buyers account for 43 percent of the new home market.

New rule means higher fees for investment property mortgages and second homes

The Mortgage Report

A new rule from FHFA caused a sharp increase in investment property mortgage and second home mortgage fees. Here's what you need to know. Mortgage News Fannie Mae FHFA Freddie Mac investment property mortgage investment property mortgages more costly second home mortgage vacatiobn home mortgage

Spring Selling Market: Rising Mortgage Rates No Cause for Concern

RIS Media

The sun doesn’t appear to be setting on the bustling housing market, even as mortgage rates continue to rise. The gradual increase in 30-year fixed mortgage rates and a slight dip in mortgage applications may have initially worried some ahead of the spring home-selling market.

It’s A Seller’s Market After All: Tips for First-Time Home Sellers Directly from the Experts

Coldwell Banker

Coldwell Banker-affiliated agents offer their best tips to first-time home sellers. The post It’s A Seller’s Market After All: Tips for First-Time Home Sellers Directly from the Experts appeared first on Coldwell Banker Blue Matter.

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Mortgage rates jump to 3.17% last week

Housing Wire

The broader economy showed signs of recovery last week, pushing the average mortgage rate for a 30-year fixed loan up eight basis points to 3.17%, according to Freddie Mac ’s Primary Mortgage Market Survey.

What It Means To Be in a Sellers’ Market

Keeping Current Matters

If you’ve given even a casual thought to selling your house in the near future, this is the time to really think seriously about making a move.

More Consumers Expect to Buy a House over Next 4 Months

Eye on Housing

The December Household Spending Survey, published by the New York Federal Reserve Bank, showed a modest increase in household spending over the past four months, and a surge in the median expectation for year-ahead household spending to highest level since August 2015. Only 2.2%

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How to buy a house with $0 down in 2021: First time buyer

The Mortgage Report

6 low- and no-down-payment mortgage options for today's home buyers. Find out how you can buy a house with no money down and a low interest rate. Buying a home FHA Housing Mortgage mortgage rates Real Estate USDA VA

How Long Does it Take to Close on a House? 11 Steps From Your Offer to Keys in Hand

Redfin

So, the home seller has accepted your offer, and you’re ecstatic (and possibly a bit tired), but you’re approaching the finish line. All you want to do is move in, but first, you have a lot to schedule and arrange, and you’re wondering just how long it will take to close on your new home.

What to Know About Renting a Truck at Home Depot for Your Move

RIS Media

Do you need to rent a moving truck? Are you thinking about a DIY rental? If you need to rent a truck for a short amount of time, what is offered by most rental companies could seem like an unnecessary expense. If you need a truck for an hour or so, Home Depot truck rentals could be the answer.

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Buyers are overpaying, but are there signs of a bubble?

Housing Wire

Home prices have skyrocketed in the past year, and data from Redfin backs up what buyers, sellers, and agents have known for months. The national average of home prices rose 14.4%