The Scott Lyle Fyle
RENTS POST BIGGEST INCREASE SINCE 2006
October 14, 2021 Demand is surging for rental units and that is pushing up prices. The amount homeowners could receive from renting their home increased by 0.4%, which may seem small but is the largest one-month increase since 2006, accordin...
RISING HOME PRICES LEAD TO 10.5% HIKE IN CLOSING COSTS
October 13, 2021 Home buyers are paying more in closing costs, but it’s mostly because they’re paying more to buy a home. Lenders are actually holding their closing costs down, a new report shows. National average closing costs for si...
JUMBO MORTGAGES SURGE AS HOME PRICES RISE
October 12, 2021 Loan originations for jumbo residential mortgages are set to hit a level that has not been seen since the run-up to the 2008 financial crisis, Bank of America researchers posted in a weekly report. Skyrocketing home prices a...
MORTGAGE RATES UNEXPECTEDLY DIP BELOW 3%
Mortgage Rates Unexpectedly Dip Below 3% October 8, 2021 Home buyers have another shot at snagging mortgage rates under 3% this week. The 30-year fixed-rate mortgage fell to 2.99%, defying expectations that below 3% rates were now gone. ...
Mortgage Rates Back Above 3%
Mortgage Rates Back Above 3%. Will They Keep Rising? October 1, 2021 The 30-year fixed-rate mortgage averaged 3.01% this week, posting a sharp rise after spending nearly four months below 3%. Economists expect mortgage rates to continue t...
THE CONSTRUCTION CONUMDRUM
With inventory still low, more home buyers look to plan B: new builds. But that, too, has become tough with land and labor growing scarcer and supply chain struggles lingering. Help clients navigate alternatives. By Barbara Ballinger 3 TA...
It’s a Better Time to Buy Than 10 Years Ago
February 20, 2020 A strong economy, low unemployment, low mortgage rates, and alluring mortgage rates are making it a great time to buy a home, according to a newly released report from Len...
2020 Real Estate Market Perspectives
Sources: Sean Kent La Rue/Franklin Loan Center Q4 2019 Zillow Home Price Expectations Survey, 2019 NAR Real Estate Forecast Summit, Realtor.com 2020 Economic Forecast, Freddie Mac December Forecast: Optimism Heading into 2020, Fannie M...
What Exactly Do Closing Costs Cover?
January 17, 2020 A home costs more than just the sale price. For example, closing costs—which make up about 2% to 5% of the home’s purchase price—are a major added expense. Michael Hyman, a r...
Mortgage Rates Drop to Ring In the New Year
January 3, 2020 © REALTOR® MAGAZINE Home shoppers are being greeted with much lower mortgage rates to kick off 2020 than they were a year ago. The 30-year fixed-rate mortgage...
4 Most Popular Bathroom Trends of 2019
December 30, 2019 Shaker-style cabinets, brass accents, and white-and-wood combos dominated bathroom trends in 2019, according to Houzz, a home remodeling website. The following are the most-saved bathro...
Real Estate Wins in Government Spending Bills
December 17, 2019 Wes Shaw The House on Tuesday passed a federal spending package for fiscal year 2020 that includes several high-priority items for REALTORS®: reauthorization of the Nation...