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Home Owner News Archive


Your Place: Though Home Sales Lag, Multiple Offers Are Common

(MCT)—I was talking with real estate agent Jane Wellbrock a few weeks back about the increasing number of multiple bids for what are, in most of the Philadelphia region, too few houses for sale. ...


What Is Sick House Syndrome, and What Causes It?

Sick House Syndrome occurs when a house can’t “breathe” and rid itself of indoor pollutants, resulting in poor indoor air quality – a “sick house.” Inadequate ventilation allows these pollutants to build up, causing potential health risks to the home’s occupants. Young ...


For Your Client: 7 Reasons to Use a Real Estate Agent

With millions of homes across the country being sold each year, and the increasing number of foreclosures and short sales, the process of selling your home has become more complex than ever before. ...


For Your Clients: How to Find the Best REALTOR®

There are good apples and bad apples in every bunch. The same can be said for myriad professionals who become involved when you are thinking of buying or selling a home. ...


New Home Purchase Applications Dip by 8 Percent in May

Mortgage applications in May 2014 decreased by 8 percent from April, according to recent information released by the Mortgage Bankers Association (MBA) Builder Application Survey. This change does not include any adjustment for typical seasonal patterns. ...


Adjustable-Rate Loans Can Be a Smart Risk

(MCT)—The Mortgage Bankers Association reports that only about 1 of every 10 home mortgages being written today carries an adjustable interest rate. A combination of negative press on adjustable-rate mortgages and a widespread belief that interest rates are bound to start rising ...


FHA Offers First-Time Homebuyers Discounted Loans for Taking Class

(MCT)—Home loans are about to go on the discount rack for first-time buyers willing to spend a few hours learning the ropes of homeownership, from applying for a mortgage to choosing a contractor for a kitchen remodel. ...


Spring-Summer Buying and Selling Season Yet to Bloom

Americans’ concerns about the direction of the economy and their household income appear to be weighing on housing growth, according to results from Fannie Mae’s May 2014 National Housing Survey. The share of respondents who believe the economy is headed in the ...


Equity Position of U.S. Households Improves

The Federal Reserve Board of Governors’ recently released statistics on the financial accounts of U.S. households. The release shows continued improvement in the financial position of U.S. households with real estate. If fact, the household real estate equity position improved ...


The Open Floor Plan Challenge

Open floor plans continue to be popular, but as many homeowners discover, living with this kind of layout can take some getting used to. While these spaces – with minimal wall interruption, lots of light, and a spacious feeling – have much ...


Good News for Sellers: Listings Sell Faster despite Weak Sales

Despite weak demand and an infusion of new listings over the past two months, listings are selling nearly as fast as a year ago and prices are still rising. Realtor.com reported recently that in April the total U.S. for sale inventory of ...


Face Time: Why Broker Networking Matters More than Ever

Overused and often under-rated, the concept of networking has become a ubiquitous part of modern culture. However, that doesn’t dilute the value of smart, selective, focused networking for those who know how to do it right. Power Brokers, in fact, view it ...


Will Short Sale on Second Home Hurt Me?

(MCT)—Question: A second home of mine went into default a few years ago and eventually sold as a short sale. How long will this impact my credit report? We intend to sell our primary residence and buy another this year. We’re current on that mortgage, and we’ve paid all of ...


Play It Safe When You Leave Home: Vacation Security Smarts

As summer gets into full swing, it makes sense to review some simple but important steps you should take to secure your home during vacation season. Amidst all of the decisions about where to go, where to stay, and what to do ...


Rates on New Home Loans Remain Stable

The average characteristics of conventional mortgages used to buy newly built homes were little changed in April, according to data released recently by the Federal Housing Finance Agency (FHFA). ...


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