As Mortgage Rates Rise, Brokers Urge Calm
Rates go up and down. One broker expects a slow rise in part to world events, and then a slow fall. And when rates fall, today’s buyers “will go back to refinancing.” DOVER, Del. – Chris Moore has brokered mortgages for
What Does As-Is Mean for Buyers?
If you’re looking for a new home, you might see some listings being marketed with the term “as-is.” When a home is sold as-is, it’s appealing from the seller's perspective because they don’t have to put time or money into
How to Approach Rising Mortgage Rates as a Buyer
In the last few weeks, the average 30-year fixed mortgage rate from Freddie Mac inched up to 5%. While that news may have you questioning the timing of your home search, the truth is, timing has never been more important. Even though
Housing Prices Continue To Rise – Will We See Another Bubble?
Opinion: Housing prices are still surging, but a bubble doesn’t seem likely PUBLISHED THU, MAR 31 20221:29 PM EDTUPDATED FRI, APR 1 20226:16 PM EDT Michael K. Farr and Keith B. Davis Last week we learned that housing prices grew rapidly yet again
With Home Values Surging, Is It Still Affordable to Buy Right Now?
Housing inventory is at an all-time low. Realtor.com just reported that there are 39% fewer homes for sale today than there were last year. At the same time, buyer demand remains strong. In a recent newsletter, research analyst Ivy Zelman explained: “Although the headwind of severe supply
The Community Paper’s February Real Estate Market Update – With Our Realtor Becky Dreisbach!
Five questions most often asked of Realtors January 27, 2022 By Becky Dreisbach Is the current seller’s market going to change? There’s no expectation from industry professionals that it is going to change anytime soon. A seller’s market is driven by low supply and high
Don’t Overestimate Buyers’ Real Estate Knowledge
A survey of young adults found misconceptions: 2 out of 3, for example, are waiting for interest rates to go down – and 90% aren’t sure what a fixed-rate mortgage is. NEW YORK – Many young adults may be missing key
4 Big Incentives for Homeowners to Sell Now
The housing market keeps sailing along. The only headwind that could take it off course is the lack of inventory for sale. The National Association of Realtors (NAR) reports that there were 410,000 fewer single-family homes for sale this March than in March of
Why Waiting To Buy A Home Could Cost You A Small Fortune
Many people are sitting on the fence trying to decide if now’s the time to buy a home. Some are renters who have a strong desire to become homeowners but are unsure if buying right now makes sense. Others may be
Where Have All The Houses Gone?
Courtesy of The New York Times, March 5th, 2021 The inventory of homes for sale is startlingly low. The pandemic is part of the reason, but it’s not the whole story. Much of the housing market has gone missing. On suburban streets