Mortgage Market UpdateLowest Ever Inventory Faces Exploding DemandIn December, the number of homes for sale sank to an all-time low, dipping below 700,000 for the first time ever. With demand remaining high, homebuyers can expect a bidding war and that they may have...
Housing Market UpdateLast Year's Hottest Home UpgradesDesigners and contractors had a busy 2020 helping homeowners update their homes. Many closets received a full makeover, creating better organization with custom storage and shelving units. Thanks to COVID, mudrooms...
Mortgage Market UpdateHomeowners Building More EquityGood news for homeowners - property appreciation has surged to its highest level since 2014, enabling you to build more wealth. As of the third quarter of 2020, the average homeowner gained about $17,000 in equity...
Real Estate Market UpdateA Place to Live or an Investment?A home is both a residence and an investment. The real estate market can be a great place to put your money. Buying at the right price, obtaining a historically low rate, or refinancing when the math makes...
Housing Market UpdateMortgage Rates Remain Surprisingly SteadyMortgage-backed securities (MBS) influence mortgage rates. Normally, when the MBS market moves as it did last week, rates increase noticeably. Rates, though, continued to operate very close to all-time...
Mortgage Market UpdateBuild Wealth Like CelebritiesDespite million-dollar incomes, many of your favorite actors, professional athletes, and musicians opt to take out a mortgage on their home. Why do celebrities willingly pay interest when they can make an all-cash...
Real Estate Market UpdateBuckle Up for a Busy 2021 According to a recent survey of more than 2,000 Americans, nearly half report they plan to move to reduce their living expenses, with 46% aspiring to relocate within the next year. With remote work becoming common,...
Real Estate Market UpdateEconomic Indicators Fueling OptimismThe U.S. economy is fighting back from the crushing blow of the pandemic, and the latest data suggests its recent progress is poised to continue. Economists look at a number of factors to judge the economy's...
Decor that Improves Relations in Your 'Home Office'With much of the nation shifting to remote work, it is no surprise that both interior designers and couples' therapists have seen a surge in business. Before hiring professional help, choose a room big enough to...
2020 Real Estate Market Keeps Breaking Records ReasonsMortgage rates fell to a new low last week, marking the twelfth time this year they smashed a record. The average interest rate on a 30-year fixed-rate mortgage dropped to 2.78%, according to Freddie Mac, and the...
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