U.S. new-home sales have surged to its fastest pace since before the great recession despite the pandemic. Sales of new homes have increased by 4.8% the Census Bureau announced last week. The housing marked extended its winning streak as Americans continued taking advantage of record-low mortgages. Sales of new single-family homes exceeded an annual rate… [Read More]
Mortgage Rates Hit Another Record Low
Mortgage rates have fallen to another record low for the ninth time this year since March. This is according to the Primary Mortgage Market Survey, a weekly survey of rates from Freddie Mac. The 15-year fixed-rate mortgage dropped to 2.35% while the average rate on a 30-year fixed-rate mortgage fell to 2.87%. That is the… [Read More]
Home Prices Rise Despite Economic Unease
The start of 2020 has been a tough year for businesses and the stock market. But unlike the 2007-2008 recession, housing prices in the U.S. and Charlotte specifically, have remained strong. House prices in the U.S. rose 5.4 percent from the second quarter of 2019 to the second quarter of 2020. This according to the… [Read More]
National Existing-home Sales Climb Record 20.7% in June
U.S. existing-home sales rebounded at a record pace in June, boosted by historically low mortgage rates and showing strong signs of a market turnaround after three straight months of sales declines caused by the coronavirus pandemic. This, according to the National Association of Realtors in a report released last month. Total existing-home sales, which include… [Read More]
Tips to Avoid Becoming a Victim of Home Rental Scams
Real estate scams are not unheard of and these types of scams are unfortunately our reality these days with the increasing of shopping for homes online. You should always be wary of giving your personal and financial information or payments of any kind to those you do not know personally. While sites like craigslist can… [Read More]
5 Road Trips You Can Take from The Queen City
Many of us are learning how to deal with life during coronavirus and that means also learning how to travel during the pandemic. Most, if not all of travel for the rest of 2020 will likely be domestic so what better time to explore more places near home? There is a lot to love about… [Read More]