Last week, the average 30-year fixed mortgage rate from Freddie Mac inched up to 3.1%, and experts project rates will continue rising through 2022: “The 30-year fixed-rate mortgage was 2.9% in the third quarter of 2021. We forecast mortgage rates to increase slightly through the remainder of the year and reach 3.0%, rising to 3.5% for full year 2022.” If […]
There are a lot of questions right now regarding the real estate market as we head into 2022. The forbearance program is coming to an end and mortgage rates are beginning to rise. With all of this uncertainty, anyone with a megaphone – from the mainstream media to a lone blogger – has realized that […]
Like most industries, residential real estate has a seasonality to it. For example, toy stores sell more toys in October, November, and December than they do in any other three-month span throughout the year. More cars are sold in the U.S. during the second quarter (April, May, and June) than in any other quarter of […]
Are you thinking about selling your house right now, but you’re not sure you’ll have the time to do so as the holidays draw near? If so, consider this: even as the holiday season approaches, there are plenty of buyers out there, and they really want your house. Here’s why selling this winter is a win for you. Today’s buyers […]
Many people have questions about home prices right now. How much have prices risen over the past 12 months? What’s happening with home values right now? What’s projected for next year? Here’s a look at the answers to all three of these questions. How much have home values appreciated over the last 12 months? According to the […]
With the average 30-year fixed mortgage rate from Freddie Mac climbing above 3%, rising rates are one of the topics dominating the discussion in the housing market today. And since experts project rates will rise further in the coming months, that conversation isn’t going away any time soon. But as a homebuyer, what do rates […]
From Realtor.com Need to know how to estimate property taxes? You’ve come to the right place! Most people know that homeownership requires coughing up copious amounts of money. There’s your mortgage, of course, but the costs hardly end there. You will also have to pay property tax. If you already own a home, you can look […]
Posted at NAR.com More homeowners have become pet owners since the pandemic, and homeowners are showing a willingness to move for their pet. In fact, 43% of pet owners say they’d be willing to move to accommodate their pet, according to the National Association of REALTORS®. What’s more, 68% of pet owners surveyed by realtor.com® say they […]
byLAUREN WELLBANK via Apartment Therapy.com A home warranty is a renewable home service plan that protects your home systems and appliances — like HVAC systems and hot water heaters — when breakdowns occur. While homeowners insurance policies often only cover catastrophes, warranties are designed to help pay for the things that wear out or break from […]
By: Mary Chao of NorthJersey.com Where’s the most expensive place to live in pricey New Jersey? Alpine, the tony northern Bergen County town where mansions stare down from the heights of the Palisades, is once again in the top spot. Homes in Alpine’s ZIP code of 07620 have fetched a median sales price of $2 million so […]
By Jeff Tucker via Zillow Monthly home value appreciation slowed to 1.3% in October; above the pre-pandemic record of 1.1%, but well below the high of 2% set in July. The typical U.S. home value grew by 19.2% from October 2020. Inventory was down in October, in line with seasonal norms, and remains far below pre-pandemic […]
Guest Post by: Mike Longsdon As The Mortgage Reports notes, it’s true that spring is the most popular time to sell a home. However, selling your home in the colder months comes with its own benefits. For one, there is less competition to worry about. Also, people who are looking for a home in the […]
