An old rule of thumb in real estate is to wait until the flowers start blooming to put a house on the market. There are sound reasons behind that. Spring is the time of the year when people are getting their tax refunds, the weather is ideal for going out…
As mortgage rates remain near record lows, this year may be the right time to buy a new home. The average rate for the 30-year-fixed mortgage stands at 2.65%, dipping from 2.67% just a week earlier. “If you are looking to purchase a home in 2021, you must be prepared to…
Competition in real estate can be exhausting. You might really love the killer school district, convenient commute, or local attractions that made an area your #1 choice; however, as the bidding wars rage on, you might wonder, “Should I buy in a seller’s market?” If the answer to that question is…
The Federal Reserve plans to keep interest rates low throughout 2021 After falling to the lowest rate in Freddie Mac’s Primary Mortgage Market Survey’s near 50-year-history last week, the average U.S. mortgage rate for a 30-year fixed loan remained at a survey-low 2.67% this week. Last week’s announcement of a 2.67% rate…
Trend Realtor.com ranked 100 metropolitan areas based on forecasts of home sales and price increases next year, and summarized the forecasts into an overall score. This calculation predicts that California will have six of the 20 best-performing markets in the United States in 2021. Sacramento is ranked number one and…
Source: cdc.gov As cases, hospitalizations, and deaths continue to increase across the United States, the safest way to celebrate the winter holidays is to celebrate at home with people who live with you. Gatherings with family and friends who do not live with you can increase the chances of getting or…
California winters may be mild compared to what other parts of the country experience, but the weather can nonetheless take a toll on local residences. When a home isn’t properly winterized, the heavy storms and occasional freezes can cause everything from dry rot and roof leaks to cracked water pipes…
For-sale inventory is at record lows. According to the latest Census data, there’s just a 3.6-month supply of homes nationally — the third-lowest figure on record. Construction is starting to pick up, so that should help alleviate things in the housing market. But existing homes? Those are another story. It…
Reflecting Renewed Interest in Urban Areas After Pandemic-Driven Drop The uptick in urban home searches closely trails a 235% increase in searches for homes in rural areas. Home prices were up by double digits in both neighborhood types, reflecting both continued interest in rural life and optimism about the return…
By: Nellie Lazar, CRS How is it possible that in this year that has seemingly dragged on forever I’m finding myself right smack in the middle of November and asking, “How did we get here so quickly?” Yikes! Thanksgiving is right around the corner, and while I’m not hosting the…