The challenges to build a home continue to mount for the nation’s builders. Material shortages—such as for lumber, appliances, windows, and doors—are at the tightest levels in history, the National Association of Home Builders reports.About 90% of builders recently surveyed across the country reported shortages of appliances, framing lumber, oriented strand board, plywood, and more, the survey shows. The shortages have worsened over the pas
iPro was founded on the idea of building a better living with champion real estate services. We focus on incorporating and mastering the latest technologies and perform all types of real estate transactions. Our team of professionals set a stronger standard of business and give superior results.Click here for information on becoming a salesperson.
Eighty-eight percent of the homes sold in April were on the market for less than a month, according to the latest National Association of REALTORS® data. Homes are selling fast as the homebuying frenzy continues. Buyers are feeling pressured to make a decision fast to purchase a home.Realtor.com®’s research team evaluated 250 of the largest metro areas to see where homes are selling at the quickest pace and at the slowest pace. They limi
iPro was founded on the idea of building a better living with champion real estate services. We focus on incorporating and mastering the latest technologies and perform all types of real estate transactions. Our team of professionals set a stronger standard of business and give superior results.Click here for information on becoming a salesperson.
On this Memorial Day, we remember and honor those that have made the great sacrifice of fighting for our country and now lay to rest. We salute you and may you rest in peace.
Americans have shown a greater appreciation for the outdoors since the pandemic, and cities that show their connection to green space may have an advantage in attracting buyers.The team at K Van Bourgondien, a nationwide gardening and plantings provider, sought to highlight the green in the nation’s cities. It looked at the 50 largest U.S. cities to find which ones offer the best access to parks and green spaces. To find out how your city ranks
Pandemic-related moratoriums on foreclosures and evictions are set to expire June 30, and some lenders plan to start resuming foreclosures in July. About 2.1 million homeowners are still in mortgage forbearance, according to the Mortgage Bankers Association. As of April, about 1.8 million households who aren’t in forbearance were 90 days delinquent on their loan, according to Black Knight data.Bank of America says its suspension of foreclosures
Ultra-low mortgage rates returned this week, with lenders offering home buyers and refinancers a chance once again to lock in a rate below 3%. But the National Association of REALTORS® warns that these low rates in the 2% range won’t last much longer, and mortgage rates likely will edge up soon. The 30-year fixed-rate mortgage averaged 2.95% this week, Freddie Mac reports.“Mortgage rates are continuing to offer many homeowners the potential
The lack of inventory continued to chip away at pending home sales last month, but the home-buying craze is still going strong.The National Association of REALTORS®’ Pending Home Sales Index—a forward-looking indicator of home sales based on contract signings—fell 4.4% month-over-month in April. Still, pending home sales are up nearly 52% compared to a year ago. However, NAR notes that the year-over-year comparison is skewed since it’s f
For the fourth consecutive month, lenders were able to speed up times to close, as timelines start to near pre-pandemic processing times.In April, the average days to close fell to 51; it was 52 days in March, according to ICE Mortgage Technology’s latest Origination Insight Report. That still remains higher than a year ago when the average was 42 days.Purchase mortgages showed the most improvement with closing times. The average time it took f
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