1. What is my budget Understanding how much you can afford is the first step to consider when buying a home. Homebuyers need to also consider the additional costs besides the sales price that must also be calculated into a home’s total cost. These costs include homeowner’s association dues, ongoing maintenance, property taxes, and homeowner’s …
By Aahoo Pourang : Buying and selling your home can already be stressful, but add a pandemic and viewing homes in a digital era where social distancing is required for safety, well it becomes a lot more complicated than previous years. With uncertainty looming over the housing market, it’s best to keep these tips in …
By Aahoo Pourang: While 2020 was a challenging and unstable year for most markets, it’s instability has impacted the upcoming real estate trends of 2021. In 2020, we saw the housing market quickly becoming disrupted by the COVID pandemic during the spring. Fortunately, it made a swift (but shaky) rebound with brokers and realtors adjusting …
By: Aahoo Pourang , Rates are at historic lows which have been causing a huge boom in refinancing. If you’re a homeowner with a monthly mortgage payment and you’ve been thinking about refinancing your mortgage, the best time to do it is now. According to Bankrate.com, the national average is about 3 percent, and with …
By: Aahoo Pourang It’s a commonly known truth that selling your home is a lot more complicated than buying one. Not only should you place your home for sale at its best value that would benefit you financially but finding the appropriate price that appeals to buyers is also a heavy burden the seller and …
By: Aahoo Pourang Rates Are a Record low for 30-Year Loans According to a Thursday report by Freddie Mac, 30-year fixed rate mortgages were the lowest since 1971: 3.03% with an average of .8 point. Since November 2018, it has lowered by nearly 2 percentage points. The 15-year fixed rate dropped to 2.5`% also with …
Since the Coronavirus pandemic and stay-at-home orders went into full effect with an unforeseen outcome and trends of the virus infecting Californians increasing, buyers and sellers have been kept on the sidelines. Economic activity has been resuming then halting as the state gradually reopens but with necessary precautions. The housing market, understandably, has been lagging …
As mortgage rates remained at record lows last week, homebuyers rushed out to apply for a mortgage. Homebuyer mortgage applications have surged for five consecutive weeks due to pent-up demand from shelter-in-place orders in March and April as well as a demand for more living space as a result of the pandemic. Purchase mortgage volume …
According to the latest FreddieMac Quarterly Forecast, mortgage interest rates have fallen to historically low levels this spring and they’re projected to remain low. This means there’s a huge incentive for buyers who are ready to purchase. And homeowners looking for eager buyers can take advantage of this opportune time to sell as well. There’s a …
With the first half of 2020 coming to an end, the long-term impact of housing and financial markets is becoming more and more visible. There’s also been an unforeseeable shift in real estate: purchase activity is 13% higher, and buyers seeking a home outnumber the homes listed for sale. The housing market, to many economist’s and Real Estate businesses surprise, has remained resilient even in the midst of a pandemic and a rise in unemployment.
