The U.S. mortgage delinquency rate (30+ days past due but not in foreclosure) was 3.74% in June, an increase of 2.71% compared with May but down 1.59% compared with June 2017, according to Black Knight’s First Look report. As of the end of the month there were about 1,925,000 properties that were 30+ days past…
You’re on the hunt for your dream home. You’ve established a successful relationship with a real estate agent and loan officer and now it’s time to tour some homes. What’s next? Here are some questions to ask when touring a home to make sure it meets your standards: Why did you choose this home for…
Do you have extra rooms in your home that you don’t use anymore? Maybe an in-law suite that is just for storage or a bonus room above the garage that has its own entrance? Many people in today’s market have turned those empty spaces into added income with AirBnb. Some homeowners have become empty nesters…
In today’s fast-paced seller’s market, an aggressively priced property can often fetch multiple offers, spurring a bidding war between homebuyers. As the seller, this is an extremely fortunate position to be in, but one which may prove more confusing than expected. It’s easy to assume the offer with the highest net profit will be the…
Most home shoppers are currently undeterred by rising mortgage interest rates, a survey conducted by Redfin shows. In total, Redfin surveyed more than 4,000 people who had bought or sold a home in the last year, attempted to do so, or planned to do so soon. Among the more than 1,300 respondents who planned to…
Home improvements can rejuvenate a stale dwelling. But remodeling and renovations could set you back thousands of dollars for each room. A “midrange minor kitchen remodel” — including hardware, countertops, flooring and a refrigerator — is about $21,000, on average, according to Remodeling magazine’s 2018 Cost vs. Value report. But with the right approach, you can give…
It’s moving season. On average 3 million people move across state lines in the USA annually with most folks moving during the summer months. Statistically, the two busiest dates to move are July 1st and August 1st. If you plan on moving during the summer months and plan on hiring a licensed, reputable and professional…
So far, it has been a stellar year for home price appreciation. In fact, home prices in 2018 have seen the strongest gains to start any year since 2005, data from mortgage technology firm Black Knight shows. According to the firm’s Mortgage Monitor report, median home prices rose by 1.24% nationally since the start of 2018, with both January…
While the new Tax Cuts and Jobs Act (TCJA) adversely shifts the playing field for home mortgage interest deductions, all is not necessarily lost. Many homeowners will be blissfully unaffected because “grandfather” provisions keep the prior-law rules in place for them. That said, many homeowners will be adversely affected by the TCJA provision that for…
Once home buyers and sellers have negotiated their way to an offer and have a closing date on the books, you’d think they’re totally in the clear, right? Well … not necessarily. Even the smoothest housing transactions can face a third-act twist no one saw coming. Here are some common speedbumps that can slow down a home sale—and…
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