Sat.Mar 13, 2021 - Fri.Mar 19, 2021

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%

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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Could the great refi boom finally be over?

Housing Wire

A growing chorus of mortgage industry observers believe the final week of February might have been the last hurrah for sub-3% mortgage rates. And the proof is in the refi pudding.

How to Make a Winning Offer on a Home

Keeping Current Matters

Today’s homebuyers are faced with a strong sellers’ market , which means there are a lot of active buyers competing for a relatively low number of available homes. As a result, it’s essential to understand how to make a confident and competitive offer on your dream home.

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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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How Pueblo, Colorado became a hot housing market

Housing Wire

The progression of homebuying over the past year has seen prospective buyers adjusting their preferred destination plans again, and again, and again.

What Is the #1 Financial Benefit of Homeownership?

Keeping Current Matters

There are many financial and non-financial benefits of homeownership, and the greatest financial one is wealth creation. Homeownership has always been the first rung on the ladder that leads to forming household wealth.

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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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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

Insane lumber prices mean new homes cost $24K more

Housing Wire

With lumber prices and other building material costs still at record-high levels, homebuilder confidence fell two points in March, per the latest report from the National Association of Home Builders.

What Is the Strongest Tailwind to Today’s Recovering Economy?

Keeping Current Matters

Last year started off with a bang. Unemployment was under 4% , forecasters were giddy with their projections for the economy, and the residential housing market had the strongest January and February activity in over a decade.

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.

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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What happens to Realtors if the PRO Act passes?

Housing Wire

Last week, the U.S. House of Representatives passed what is known as the PRO Act , a bill which aims to empower unions in the 27 “right to work” states and impose the Dynamex ABC test regarding independent contractor status on the country as a whole. Realtors be forewarned.

Home Appraiser: What Do Appraisers Look At During An Appraisal

Maximum Exposure Real Estate

What Is The Home Appraiser Appraising? What do appraisers look for? This is a question I have been asked by many clients over the years. A visit from a home appraiser is an inevitable part of selling your home. Even if your buyer is happy to pay what you ask and loves the place, the […].

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.

NAHB Releases What Home Buyers Really Want, Study Shows COVID-19 Impacts

Eye on Housing

Continuing a long tradition to provide the most recent and accurate research on what home buyers want in their homes and communities, NAHB recently released What Home Buyers Really Want, 2021 Edition*.

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Are we seeing a cash-out refinance crisis?

Housing Wire

I hear a lot of chatter about a boom in cash-out refinances, and the presumption seems to be that this is destined to wreak havoc on the housing market and the economy at some point.

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How to apply for an FHA loan: Process and requirements to qualify

The Mortgage Report

Learn how to apply for an FHA loan and get approved. This guide covers the FHA loan application process, required documents, and guidelines to qualify. Buying a home FHA Home Buying First-Time Home Buyers

An Everlasting Trend: Agents Remain at the Heart of Transactions

RIS Media

The National Association of REALTORS® (NAR) recently released its 2021 “ Home Buyer and Seller Generational Trends ” report.

Strong Single-Family Permit Gains in January

Eye on Housing

Over the first month of 2021, the total number of single-family permits issued year-to-date (YTD) nationwide reached 83,921. On a year-over-year (YoY) basis, this is a 19.2% increase over the January 2020 level of 70,386.

A 3% mortgage rate may be the new norm

Housing Wire

For the third consecutive week, mortgage rates pushed past 3% – with the average mortgage rate for a 30-year fixed loan up four basis points last week to 3.09%, according to Freddie Mac ’s Primary Mortgage Market Survey.

USDA vs. FHA: Which loan is better for first-time home buyers?

The Mortgage Report

USDA vs FHA for first-time buyers: Should you use a zero-down USDA loan or 3.5%-down down FHA loan? Compare pros and cons here. FHA Home Buying USDA Loans Housing Mortgage mortgage rates Real Estate Shashank Shekhar USDA home loan

Front-Page: WSJ Report Contrasts 2 Housing Booms, Industry Broker Looks Back Then and Now

RIS Media

Article Examines the 2005 Housing Boom Versus Market Dynamics That Have Emerged From the 2020 Pandemic.

16 Types of Home Inspections that Buyers Should Consider

Redfin

Buying a home is a large investment, and making sure the house is in the best condition possible is a top concern for any buyer, regardless if it’s your first home or an investment property.

Lennar triples down on homebuilding plans

Housing Wire

National homebuilder Lennar Corp. plans to spin off all its non-core businesses to become a pure-play homebuilder and financial services company, the company announced on Wednesday.

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Mortgage and refinance rates today, March 13, and rate forecast for next week

The Mortgage Report

Today’s mortgage and refinance rates Average mortgage rates climbed higher yesterday. There have been plenty of up-and-down daily movements this week. But the overall rise has been fairly modest. Still, […]. Mortgage Rates Now

Is Now the Time to Sell Your Home?

American Lifestyle

The post Is Now the Time to Sell Your Home? appeared first on American Lifestyle Magazine.