More home buyers are applying for loans, and they’re ready to close. Mortgage applications to purchase a home increased 5% last week and are now 33% higher than a year ago, the Mortgage Bankers Association reported Wednesday.Record low mortgage rates last week prompted a spike in activity. Home buyer demand has proven strong since mid-May as some states started to reopen after sheltering in place to slow the COVID-19 outbreak. Buyers reemerged
Curb appeal is even more important as more home buyers shop for homes from a distance and narrow the lists of which homes they want to view in-person. Realtor.com® recently consulted with Clint Robertson and Luke Caldwell of HGTV’s “Boise Boys” to learn how to increase a property’s curb appeal. Here are some of their ideas:Pay attention to the driveway and walkways.You can take steps to make even concrete look good. After all, the drivew
Real estate wealth tends to be largely concentrated in the largest cities in the U.S. LendingTree recently analyzed the total value of residential real estate in American cities, culling property value data of more than 155 million U.S. properties.American households own $29.2 trillion of residential real estate—that makes up a big part of the $107 trillion in total household net worth in the U.S., LendingTree notes.New York has the most valuab
Referred by one of our Top Producers, Brett DalbethiProcurrently deals throughout the states of California, Texas,Florida, and New York. We continue to strive and broadenopportunities for real estate professionals and consumers. Visit iprore.com for the latestinformation and links.Click here for information on becoming a salesperson.
The 30-year fixed-rate mortgage averaged 3.07% this week, the lowest ever recorded by Freddie Mac since it began tracking such data in 1971. “Mortgage rates continue to slowly drift downward, with a distinct possibility that the average 30-year fixed-rate mortgage could dip below 3% later this year,” says Sam Khater, Freddie Mac’s chief economist. “On the economic front, incoming data suggest the rebound in economic activity has paused in
Homeowners and buyers are placing greater emphasis on yard appeal this year. Google Trends data reveals frequent internet searches for how to enhance outdoor space. Living Spaces, a home décor retailer, recently highlighted several outdoor trends that consumers are searching for the most on Google this summer. Here are some of the hottest.1. Patio daybeds saw a 257% increase in Google searches over the last six months. “Patio daybeds comp
The lack of housing inventory continues to be buyers’ biggest hurdle. In June, the number of homes for sale plummeted nationwide, prompting realtor.com® to call home sellers the “missing link” to an otherwise strong summer housing market.The nation’s housing inventory decline has accelerated since May, and housing inventory dropped 27.4% year over year in June, according to realtor.com®'s newly released housing report. That translates t
The median home price of single-family homes and condos in the second quarter of this year was more affordable than historical averages in a growing number of counties across the U.S., according to a new study from ATTOM Data Solutions, a real estate data firm. Researchers determined housing affordability by calculating the amount of income needed to make monthly house payments—including the mortgage, property taxes, and insurance—on a median
With federal protections about to expire, landlords are being offered additional help as the COVID-19 pandemic continues. The Federal Housing Finance Agency said Monday that multifamily property owners currently in forbearance can request an extension of their payment suspension for three additional months. That will amount up to half a year in total.The FHFA guidelines apply only to properties that have loans secured by the government-backed ent
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