Sat.Mar 20, 2021 - Fri.Mar 26, 2021

Average home sale price hits all-time record

Housing Wire

The median home sale price increased 16% year-over-year to $331,590 – an all-time high, per a report this week from Redfin. But that’s not stopping buyers from snatching up homes days after they’re listed.

Sales 285

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.

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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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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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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 Credit Score Do You Need for a Mortgage?

Keeping Current Matters

According to data from the most recent Origination Insight Report by Ellie Mae , the average FICO® score on closed loans reached 753 in February. As lending standards have tightened recently, many are concerned over whether or not their credit score is strong enough to qualify for a mortgage.

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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%

Banks 99

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.

Why You Should Think About Listing Prices Like an Auction’s Reserve Price

Keeping Current Matters

For generations, the homebuying process never really changed. The seller would try to estimate the market value of the home and tack on a little extra to give themselves some negotiating room. That figure would become the listing price of the house.

Sales 209

12 Head-Scratching Home Staging Fails

Lighter Side of Real Estate

When homeowners decide to put their property on the market, most do a little work to spruce up the place. Some might paint and declutter, while others go all out and hire a home stager.

Age of Housing Stock by State

Eye on Housing

According to the latest data from the 2019 American Community Survey (ACS), the median age of owner-occupied homes was 39 years. The age of the housing stock is an important remodeling market indicator.

About 7M refi candidates missed the “forever rate” boat

Housing Wire

A 40-plus basis point rise in mortgage rates over the past month resulted in approximately 7 million high-quality refi candidates who are no longer able to lock “forever rates,” according to a recent report from Black Knight.

Loans 282

Should We Fear the Surge in Cash-Out Refinances?

Keeping Current Matters

Freddie Mac recently released their Quarterly Refinance Statistics report which covers refinances through 2020. The report explains that the dollar amount of cash-out refinances was greater in 2020 than in recent years.

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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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What is an assumable mortgage and how does it work? Pros and cons

The Mortgage Report

An assumable mortgage lets you take over an existing loan at its current interest rate and terms. When is an assumable mortgage a good idea?

Loans 95

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.

15 Kitchen Designs That’ll Make You Lose Your Appetite

Lighter Side of Real Estate

It’s often said that the kitchen is the heart of the home. But depending on the design, that heart may have some serious problems. From clogged arteries to bad flow, kitchens with near-fatal flaws are all over social media. Wondering what could make a kitchen so unappealing you’d lose your appetite?

Existing Home Sales Drop to Six-Month Low Amid Low Inventory

Eye on Housing

Following two months of gains, existing home sales, as reported by the National Association of Realtors (NAR), dropped to a six-month low in February, as tight inventory continues to strain sales and fuel home prices. Storm effects due to a Southern winter storm also had an effect.

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Spring Cleaning Countdown

American Lifestyle

The post Spring Cleaning Countdown appeared first on American Lifestyle Magazine. 12-Direct Cleaning Cleaning Hacks General Real Estate 12-Direct March Clean Countdown Home March Month Spring

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What is a bridge loan?

Housing Wire

If you’re a first-time homebuyer (or you already own a home), you’ve heard of mortgage loans. You have your conventional loans, FHA loans, VA loans, USDA loans and so on. But there’s another type of loan, not too many people are familiar with that can make the home buying process much easier.

Loans 281

What’s a good debt-to-income ratio for a mortgage? What lenders want to see

The Mortgage Report

What's a good debt-to-income ratio for a mortgage? Most lenders want to see 43% or lower. But a higher DTI can be ok, too. Here's what you should know. About Mortgages Mortgage Strategy

Navigating This Crazy Seller’s Market: 10 Must-Read Homebuying Tips for First-Time Homebuyers

Redfin

When you’ve decided to buy a house, you’re putting a lot on the line. Whether you’re new to the homebuying process or not, it can be tricky to navigate the housing market – especially a seller’s market.

Coldwell Banker Around the World: March 2021

Coldwell Banker

This month we are debuting not only a new office in our global network, but an entirely new region for the Coldwell Banker brand! Our first office in Luxembourg has opened this year, nestled between France, Germany and Belgium.

Effects of UWM’s broker policy could be very damaging

Housing Wire

This month, United Wholesale Mortgage took the industry by surprise when it made a statement that it would block mortgage brokers from doing business with the company if they did business with either Quicken Loans or Fairway Mortgage.

Banks 283

Mortgage and refinance rates today, March 20, and rate forecast for next week

The Mortgage Report

Today’s mortgage and refinance rates Average mortgage rates held steady yesterday. Of course, these rates remain extraordinarily low by historical standards. But a rising trend in 2021 means they’re now […]. Mortgage Rates Now

How Generational Trends Have Changed in Social Media

RIS Media

There was a time when social media was more of choice than a necessity in real estate. Now, it’s crystal clear that it’s critical to sourcing leads, engaging clients and building or maintaining your brand.

Clear Kayaking in Jupiter Florida

Waterfront Properties

The pristine waterways of Jupiter, Florida, are full of beautiful marinelife such as manatees, dolphins, sea turtles, starfish, conch, sea urchin, sea cucumber, pufferfish, pelicans, and so much more Manatees are one of the most sought after gentle giants to see, which frequent our waters year round.

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New home sales plunge 18.2%, but demand stays strong

Housing Wire

After a near decade high in January, new home sales for single-family houses plummeted 18.2% to a seasonally adjusted annual rate of 775,000 in February — the sharpest month-over-month decline since 2013, according to estimates by the U.S.

Sales 279

Woodstock Victorian

The Living Room

Woodstock Victorian. 6824 SE Knight St | Portland, Ore 97206. Offered at $425,000 | ML #21343852. 2 Bedrooms | 1 Bath | 1,096 SF | Garage. Lovely Woodstock Victorian featuring vintage character throughout; millwork, woodfloors, high ceilings & covered front porch.

Snohomish County Easter Egg Hunts – 2021

Mandrona Group

We all know that Easter is about much more than just looking for hidden eggs and baskets full of scrumptious. Read More. Content provided by: John L. Scott Ballard | Madrona Group. Real Estate Blog Edmonds Events Everett Events Puget Sound Area Events Snohomish County Events Things To Do

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