For the fourth consecutive week, mortgage rates continued to climb as home buyers face higher borrowing costs.“Mortgage rates are drifting upwards again and represent continued affordability challenges for prospective buyers—especially first-time buyers,” says Sam Khater, Freddie Mac’s chief economist. “Borrowing costs are moving right now for three main reasons: the very strong economy, higher U.S. government debt issuances, and global
With higher home prices, homeowners keep getting richer. Homeowners with a mortgage have seen the equity in their home rise by 12.3 percent year-over-year, according to CoreLogic’s newly released Home Equity Report for the second quarter. The average homeowner has gained $16,200 in home equity between the second quarter of 2017 and the second quarter of 2018.Home equity rose in nearly every state in the country in the second quarter. Western st
As home prices continue to rise, homeowners are finding they’re sitting on record amounts of home equity. People have mostly been shy about tapping into that wealth—but a new survey Bankrate.com survey of 1,000 consumers shows they have plenty of reasons they may want to take out a loan to unlock it.Consumers’ “growing penchant toward debt might make it tempting to tap into their home’s value,” says Greg McBride, Bankrate’s chief fi
Builders worked to add more single-family homes to many inventory-starved markets last month. Housing starts nationwide climbed 9.2 percent in August, reaching a seasonally adjusted annual rate of 1.28 million units, the Commerce Department reported Wednesday.Broken out, single-family starts rose 1.9 percent to 876,000 units, while the multifamily sector—which includes apartment buildings and condos—accounted for the biggest part of the uptic
Luxury housing markets continue to climb, as 20 major counties post double-digit gains in home prices, according to realtor.com®’s 2018 Luxury Home Index, released today. The number of sales at or above $1 million climbed 6 percent over the last year. Realtor.com® defines the luxury price tier as the top 5 percent of residential sales.Two-thirds of luxury housing markets are seeing inventory move faster than a year ago, according to the rep
More spiders will likely be building their webs inside homes this fall. The arachnids from gardens and backyards often creep inside when the weather turns colder. But they also may already be there and just more willing to show themselves in the fall to homeowners.Homeowner Nicole Photianos in Georgia’s Paulding County told WSB-TV 2 that when she moved into her new home she found dozens of venomous brown recluse spiders all over the house. Even
A data-driven analysis of 13,000 property managers and 135,529 tenants by Rentec Direct, property management software company, found that scheduled automatic monthly payments is the most effective way to prevent late fees and save renters money.Of the 10,450 renters who have ACH currently enabled, 3,480 renters with ACH enabled and scheduled monthly rent payments were charged a late fee in 2017 (33%), while 4,932 renters with ACH enabled but did
Referred by our salesperson Lucia Anderson.About RashundraPersistence is the key to never giving up. Rashundra is a very persistent professional that will go beyond any distance in providing the best customer service to her clients as a Full-Time Realtor. She has over 12 years of experience in Real Estate and Mortgage. She understands the value of having an honest agent that communicates well. Rashundra is committed to helping you find the perfec
The suburbs dominated this year’s list of top places to live in the country. Money magazine teamed with realtor.com® to identify its top picks of towns with populations of 50,000 or more. They factored in more than 135,000 data points, including economic health, public school performance, local amenities, housing, cost of living, and more."For someone who’s starting from scratch, this is a list of areas with great quality of life, healthy
Home buyers are putting more money down on a home purchase than ever before. The size of down payments during the second quarter climbed to a median of $19,900, a record high, according to ATTOM Data Solutions’ research, which dates back to the first quarter of 2000. What’s more, this marks a 19 percent jump from $16,750 in this year's first quarter.The median down payment was 7.6 percent of the median sales price of homes purchased with fina
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