Homeowners Seek Refinancing; Mortgage Rates Over 3%
Mortgage rates remain historically low. However, industry observers say borrowers should not misinterpret the surge last week as being the last one in 2021.
6 Ways to Create Video Walk-Throughs That Attract Leads
First, plan how to best show the listing’s standout features, then write a script that matches the video images. Keep in mind equipment needs, too.
Take Steps to Maximize Insurance Benefits After a Storm
Emergency management professionals advise you to check your insurance, call your insurance company and find out what’s covered under your policy. And if your home is flooded, hire a mitigation firm to vacuum out water as soon as possible.
Take Steps to Maximize Insurance Benefits After a Storm
Emergency management professionals advise you to check your insurance, call your insurance company and find out what’s covered under your policy. And if your home is flooded, hire a mitigation firm to vacuum out water as soon as possible.
Downsizing Your Home in Retirement
Financial experts suggest carefully evaluating monetary, personal comfort and family needs when considering downsizing upon retirement. Weigh the pros and cons.
Mortgage Payments Are Getting More and More Unaffordable
Fed Reserve of Atlanta: The median U.S. household currently would need 32.1% of its income to cover the mortgage on a median-priced home, the highest since 2008.
Average Mortgage Amount Increases to $410,000
Mortgage Bankers Association: With home price appreciation continuing to rise, last week’s average now marks the highest average mortgage amount since May.
More New Homes Are Being Built with 4-Plus Bedrooms
NAHB: Since COVID-19, more Americans want bigger homes: The share of single-family homes started with 4 or more bedrooms rose from 42.6% in 2019 to 45.2% in 2020.
Incorporate Humor on Social Media with Real Estate Memes
Entertaining real estate memes can attract social media users like millennials, who may look at 20 to 30 memes daily, which could lead to a 60% increase in engagement.
Rising Prices Push Home Equity to Its Highest Level in 10 Years
Homeowners with a mortgage gained an average $51,500 in home equity in the second quarter – a 29.3% year-to-year increase. It’s the biggest jump since 2Q 2010.