Real Estate News
Mortgage rates will likely trend higher
“The job market strengthened in February with 379,000 net new job additions. More jobs are very likely, due to the near certain passage of the $1.9 trillion stimulus package and from two million vaccinations per day. Another 9.5 million jobs...
Beach home sales at the Jersey Shore are surging during the coronavirus outbreak
A good read By KATIE PARK, in The Morning Call. TRIBUNE NEWS SERVICE For some employees given the option of working from home during the coronavirus pandemic, the workplace expanded from the city office to the beachfront condominium. A pi...
Instant Reaction: Mortgage Rates
Mortgage rates bounced up lightly this week to average 2.96% from 2.88% the prior week, but this should have virtually no impact on home buying. Over 95% of metro markets are experiencing price growth as buying power has gone up due to rates st...
Extraordinary times and Extraordinary movement
“The country is undergoing extraordinary times and extraordinary movement is happening in the jobs data. The near 5 million job additions in a single month in June is off-the-chart the best ever by a wide margin, and comes on top of 2.7 milli...
Pending Home Sales
NAR released a summary of pending home sales data showing that June’s pending home sales pace increased 16.6% last month and rose 6.3% from a year ago. This would be the second consecutive month of gains as well as the first year over year in...
Mortgage Rates Are at Nearly 50-Year Lows. How Much More Could They Fall?
One of the few bright spots in the coronavirus/stock market panic is that mortgage interest rates have fallen to their sasun1990/iStock One of the few bright spots in the coronavirus/stock market panic is that mortgage interest rates have fall...
Home Selling in the Age of Coronavirus: It’s a Whole Different World
In the not so distant past, Seattle open houses were packed with home buyers eagerly poking their heads in closets, perusing spec sheets, munching on snacks, and offering bids above asking price in this ultracompetitive market. Then on Jan. ...