Mortgage applications continued an eight-week streak of gains as home buyers rush back into the housing market. Purchase applications, viewed as a gauge for future home sales, were up 5% last week compared to the previous week.Despite the pandemic, applications for home purchases are now 13% higher than a year ago, the Mortgage Bankers Association reported Wednesday. “The recovery in the purchase market continues to gain steam, with the seasona
Whether you’ve been in real estate for five or 25 years, get back to basics with a humanized approach in your outreach to past clients. Do you remember when you were first licensed and went through that grueling exercise of writing down the names and contact information of everyone you knew so that you could announce you’re in real estate? Now, as a broker managing agents, you’re likely asking your new recruits to do the same. But I’m gue
The coronavirus has grounded many businesses, but the home improvement industry is thriving. Here are projects homeowners can take on safely to make their lives more enjoyable. As homeowners continue to stick close to home, they’re spending a lot of time pondering their surroundings.“After homeowners have been staring at their walls day in and day out, they’ve come to realize what they want to keep, redo, and buy new,” says Jenny Zalkin,
The 30-year fixed-rate mortgage inched up after reaching an all-time low last week. However, mortgage rates continue to hover near the lowest averages ever recorded by mortgage financing giant Freddie Mac.The 30-year fixed-rate mortgage averaged 3.18% this week, up slightly from last week’s all-time low of 3.15%.“While the economy is slowly rebounding, all signs continue to point to a solid recovery in home sales activity heading into the sum
Mortgage rates again fell to an all-time low last week and home buyers are rushing out to take advantage. Mortgage applications to purchase a home rose 5% last week, putting applications for home purchases 18% higher than a year ago, the Mortgage Bankers Association reports from its seasonally adjusted index.This marks a strong rebound in applications. Six weeks ago, the COVID-19 outbreak brought mortgage applications down 35% compared to last ye
The housing market started showing signs of strengthening in May as states started to reopen after being on lockdown from the COVID-19 pandemic, realtor.com®’s latest May Monthly Housing Trends report shows. More listings are coming on the market and home prices are standing firm.The national median listing price reached a new record high of $330,000 in May, realtor.com® reports. Thirty-five of the nation’s top 50 metros saw median listing
Referred by Jonathan WalkeriProcurrently 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 onbecoming a salesperson.
Referred by Willy OlseniProcurrently 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 onbecoming a salesperson.
As many Paycheck Protection Program borrowers approach the end of their loan terms, confusion persists about the eligibility requirements for loan forgiveness. The program, which was created under the CARES Act, has been a lifeline to many small businesses forced to reduce operations or close their doors entirely due to the COVID-19 pandemic. The Small Business Administration, which operates PPP, and the Treasury Department have released several
Why do people decide to stay or leave a community? A new joint survey from the Urban Institute and the Knight Foundation seeks to find the true motivations behind Americans’ choices for places to live. The survey of more than 11,000 consumers was conducted before the COVID-19 pandemic. Here are a few highlights from their findings:Quality of life matters in people’s decisions to move or stay, and it drives how attached they feel to
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