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Updated:
Wednesday, December 8, 2021
November Real Estate Roundup
Written By: Realty Times Staff
Freddie Macs results of its Primary Mortgage Market Survey shows that "Despite the noise around the economy, inflation, and monetary policy, mortgage rate volatility has been low. For most of 2021, mortgage rates have stayed within half a percentage point, which is a smaller range than in past years." 30-year fixed-rate mortgage FRM averaged 3.1...
Housing prices continue to rise significantly, with median home prices soaring past 400,000 for the first time. Housing prices have been going up for eight years. This means if youre a current homeowner, you might have a significant chunk of equity in your home.When does it make sense to use that equity and put it to work, particularly since int...
Are You Ready for Disaster?nbsp;No matter where you live in this great nation, youre susceptible to natural disastersfrom hurricanes, tornados, or storm surge to wildfires or flooding.What can you do when disaster strikes?Put your pre-disaster plans and precautions in actionWithout forethought, you, your family, and your home can be at the mercy...
If youve followed the news lately, youve probably seen quite a bit about inflation. In September, there was another surge in consumer prices, which matched a 13-year high. The price increase was the largest since 2008, up 5.4 from a year ago.Some of the categories seeing the most significant increases included new cars, gas, food and restaurants...
When fixing up your home, especially if youre doing so to get it in shape to put it on the market, you want to make sure it looks updated. And that means including current trends. But theres a fine line between trends and fads.In a macro sense, Anbsp;fadnbsp;is a short-lived phenomenon, fading in a >As it >How can you tell between a fad and a tr...
Youve made updates to your kitchen. Made sure your bathrooms look fresh and clean. Decluttered EVERYTHING. Even dropped your price. But your house still isnt selling. Could your garage make the difference?It just might.nbsp;When prospective buyers visit your for-sale home, theyre going to inspect every room in the houseeven the garage, said Sara...
Your roof plays a more important part of your property than you may realize. Roofs create a significant part of your homes curb appeal - and therefore value. They also protect your home from the elements and play a role in your homes energy efficiency and energy costs.While a few roofing materials are capable of lasting for decades or even hundr...
As a homeowner, any investment in your home should be one that enhances its overall value. There are many different ways to improve the value of any home. The trick is to choose those features which will bring you the most return on your investment and satisfaction for your everyday living environment. Here are our best suggestions for areas to ...
As mortgage rates continue their freefall, more and more homeowners are opting to refinance. With the recent dips, experts are saying that even those who refinanced in 2019 should take a look to see if they can save money.nbsp;nbsp;Millions of homeowners could benefit by refinancing their mortgages, even if they bought or refinanced as recently ...
Serving on the board of a homeowner association is a high calling. Well meaning volunteers are elected to roles that are critical to the well being of the HOA. But what exactly is a board member supposed to do to fulfill this charge? Heres a handy guide:Officer ResponsibilitiesPresident:Prepares meeting agendaPresides at all board, annual and sp...
The holidays mean one thing is on every property managers mind: managing the package delivery chaos. UPS estimated it delivered 800 million packages between Thanksgiving and Christmas 2018 and that number is sure to rise this year. For the week of December 2 alone this year, Package Concierge had over 716,000 package transactions - thats a 42 in...
Its increasingly common for people to live together but not be married. For example, in the past 20 years, the number of unmarried couples living together has almost tripled. You might be planning to wait to get married, or maybe youre not going to at all, but what if you want to buy a home together?Its possible to buy a home as an unmarried cou...
When tips play a big part in someones take-home pay, it can be used to help qualify for a mortgage. The kicker is that many dont report all of the tip income or simply lose track of the amount. Tips are issued to the recipient directly either in cash or added onto the credit slip. Either way, it must be accounted for.nbsp;Its the recipients job ...
Hardwood flooring is valued for its beauty and charm as well as its overall durability. Wood floors are also hygienic and easy to clean, making them an excellent choice for those bothered by dust and other irritants that tend to get trapped in carpet fibers.While there is an endless list of reasons to choose hardwood floors, some homeowners migh...
Your kitchen may be the place where your family spends the vast majority of their time. Thats common, and as such, we often want our kitchens to reflect our >With that being said, a kitchen remodel is a huge undertaking, financially, and just in terms of logistics. Rather than jumping in, you need to prepare yourself for what to expect and make ...
Even if its not your very first home purchase, you need to be prepared to provide your loan officer with what is required. Experienced home buyers may also have forgotten all the things provided and questions asked. For this audience, here are some questions you can bet your loan officer will be asking before you get too far into the process.Is ...
While there is continuing debate about the reasons driving climate change, most agree on the need for better stewardship of the Earth. While governments often move at a glacial pace to enact green policies, self help is readily available today. What better place to start than at the homeowner association? HOAs often control a variety of systems,...
Its not always easy to work in real estate. Home prices continue to rise throughout most of the country, interest rates are low and inventory is tight. Its a prime market for sellers and not so much for buyers. Theres a lot of anxiety and frustration for buyers and their agents, particularly with the prevalence of bidding wars.Regardless of whic...
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