Pending home sales continue to slip as 2021 approaches
December 30, 2020, 11:21 am By Julia Falcon
U.S. pending home sales slid for the third consecutive month in November, dropping 2.6% from October, according to a report from the National Association of Realtors. ...
Posted by Tracy Tang on January 8, 2021 in Market Update
Four Expert Views on the 2021 Housing Market
The housing market was a shining star in 2020, fueling the economic turnaround throughout the country. As we look forward to 2021, can we expect real estate to continue showing such promise? Here’s what four experts have to say about the year ...
Posted by Tracy Tang on January 4, 2021 in General
Knowledge Is Power on the Path to Homeownership
Homeownership is on the goal list for many young adults, but sometimes it’s hard to know exactly how to get there. From understanding the homebuying process to pre-approval and down payment assistance options, uncertainty along the ...
Posted by Tracy Tang on December 31, 2020 in General
With Home Values Surging, Is it Still Affordable to Buy Right Now?
Housing inventory is at an all-time low. Realtor.com just reported that there are 39% fewer homes for sale today than there were last year. At the same time, buyer demand remains strong. In a recent newsletter, research ...
Posted by Tracy Tang on December 30, 2020 in Market Update
The Do’s and Don’ts after Applying for a Mortgage
Once you’ve found the right home and applied for a mortgage, there are some key things to keep in mind before you close. You’re undoubtedly excited about the opportunity to decorate your new place, but before you make any large ...
Posted by Tracy Tang on December 29, 2020 in Mortgage
The Difference a Year Makes for Homeownership
Over the past year, mortgage rates have fallen more than a full percentage point, hitting a new historic low 15 times. This is a great driver for homeownership, as today’s low rates provide consumers with some significant benefits. ...
Posted by Tracy Tang on December 28, 2020 in Market Update
Winning as a Buyer in a Sellers’ Market
Buying a home in today’s sellers’ market doesn’t have to feel like an uphill battle.
Here are four ways to make sure you’re positioned for success when making a home purchase, even when the scale tips ...
Posted by Tracy Tang on December 24, 2020 in Buying a Home
5 Steps to Follow When Applying for Forbearance
If you’re currently feeling the stress of affording your mortgage payment, or if you know someone who is, there’s still time to get help. For homeowners experiencing financial hardship this year, the CARES Act provides mortgage ...
Posted by Tracy Tang on December 23, 2020 in General
Homeowner Equity Increases an Astonishing $1 Trillion
In a year that was financially devastating for many Americans, some good news for most homeowners is the dramatic gain in home equity over the last twelve months. Last week, CoreLogic released its 2020 3rd Quarter Homeowner Equity ...
Posted by Tracy Tang on December 21, 2020 in Market Update
How the mortgage industry is working together to make housing more affordable
October 21, 2020, 10:05 am By Content Solutions Team
Over the years, the inventory of affordable homes has been in sharp decline, while home prices have risen dramatically. With homes becoming increasingly unaffordable, the ...
Posted by Tracy Tang on December 19, 2020 in Mortgage
Bank of America’s Community Homeownership Commitment
Good news for aspiring homeowners! Bank of America’s Community Homeownership Commitment™ is bringing together products and resources that can help modest-income borrowers buy homes of their own. By combining down payment assistance ...
Posted by Tracy Tang on December 11, 2020 in Buying a Home
Homes for Sale Are Rapidly Disappearing
Through all the challenges of 2020, the real estate market has done very well, and purchasers are continuing to take advantage of historically low mortgage rates. Realtor Magazine just explained:
“While winter may be typically ...
Posted by Tracy Tang on November 19, 2020 in Selling Your Home
Winter Will Bring a Flurry of Activity to the Housing Market
In the second half of this year, the housing market surged with activity. Today, real estate experts are looking ahead to the winter season and the forecast is anything but chilly. As Lawrence Yun, Chief Economist for ...
Posted by Tracy Tang on November 13, 2020 in Selling Your Home
How to Prepare for a Bidding War
With so few houses available on the market today, being ready for a bidding war is essential for prospective homebuyers.
From pre-approval to making your best offer, here are three tips to make sure you can act quickly and confidently when you ...
Posted by Tracy Tang on October 29, 2020 in Buying a Home
Do You Need to Know More about Forbearance and Mortgage Relief Options?
Earlier this year when the nation pressed pause on the economy and unemployment rates jumped up significantly, many homeowners were immediately concerned about being able to pay their mortgages, and understandably so. To assist in this challenging ...
Posted by Tracy Tang on October 28, 2020 in Mortgage
Will Increasing Mortgage Rates Impact Home Prices?
There has been some discussion recently on home prices in relation to mortgage rates. Some believe if there is a rapid rise of mortgage rates, home prices should decrease. Logically it makes the most sense for the price of the house to drop when ...
Posted by Tracy Tang on September 7, 2020 in Buying a Home
Is Getting a Home Mortgage Still Too Difficult?
Potential homebuyers are always cautioned to be aware of mortgage lending standards and the difficulty they might face when trying to obtain a mortgage. Credit availability is expanding, making it easier to get a mortgage now than it was a year ago....
Posted by Tracy Tang on August 28, 2020 in Buying a Home