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Buyers Rush to Lock in Low Interest Rates
The spring homebuying market is typically marked by higher sales and a greater number of house hunters, but many real estate professionals feel a spring-like market has been in full swing since the pandemic began a year ago. “There will be no spring homebuying season in 2021, as we’ve been in it the entire time,”…
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Orlando home value appreciation trails rest of the nation
A new study shows Orlando home prices are appreciating slower than the national average — but that’s not necessarily bad. Home prices in the Orlando metro climbed 7.3% year over year in the fourth quarter, according to a Feb. 23 report from the Federal Housing Finance Agency. That’s slower than the national average of 10.8%, and…
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Homeowners Are Now Eligible for Up to 18 Months of Forbearance
Homeowners struggling financially during the COVID-19 pandemic have received another extension for their mortgage payments. The Federal Housing Finance Agency announced Thursday it is providing an additional three months of forbearance to borrowers with loans backed by Fannie Mae and Freddie Mac, bringing forbearance up to 18 months total. To qualify, borrowers must be enrolled…
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Buyers Snatch Up New Listings as Quickly as They’re Available
Home sales could easily be 20% higher if more homes were for sale, says Lawrence Yun, chief economist of the National Association of REALTORS®. Existing-home sales—completed transactions for single-family homes, townhomes, condos, and co-ops—rose 0.6% in January compared to December 2020 and are up nearly 24% over a year ago, the National Association of REALTORS®…
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How To Become a Homeowner
Becoming a homeowner is a major step to take towards financial freedom that’s why it should be carefully planned, starting with setting a budget that best suits your price range. By the time the search for the right home is initiated it is important to take into consideration how will the funding of the new…
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When Is It a good Time to Start Investing in Real Estate
Financial Ressources When is comes to investing in the real estate the first step before Seeking knowledge to find out whether the market is hot or not, any real estate investor should first make sure there are reliable financing resources in hand such as: Loans, mortgages or simply being capital ready. Knowledge of The Real…
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Home Sellers Are Feeling More Optimistic
As home prices rise by double-digit margins year over year, homeowners are increasingly viewing selling favorably. Consumers reported a significantly more positive view of homeselling conditions month over month in January, jumping 16 percentage points on net, according to Fannie Mae’s Home Purchase Sentiment Index, based on a survey of 1,000 consumers. “Overall, the index’s…
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Homeowners Are on a Home Improvement Spending Spree
As homeowners spend more time at home, they’re tackling household projects. The top reason for the increase in home improvement spending last year was to make a home better fit “lifestyle needs,” according to “The State of Home Spending: 2020,” a report produced by HomeAdvisor. Eighty-five percent of Americans surveyed reported spending more time at…
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NAR Joins Coalition Calling for Clarity in Rental Assistance
Housing groups, including the National Association of REALTORS®, are urging federal agencies to provide more information on the distribution of $25 billion in rental assistance under current COVID-19 relief legislation, which was signed into law in December. The coalition of real estate trade organizations says the funds are critical to counter the economic fallout of…
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This Is the Best Time of Year to Get a Mortgage
Home buyers better hurry: This month may offer the best time of year to get a mortgage. But February can offer some of the best rates too, according to a new study from Haus, a home-finance startup. The firm studied seasonality, loan size, credit scores, and other factors that play a role in mortgage rates.…
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