Header

Contact and Nav

609-492-4444 | bonnie@coastalliving.pro

Main Content

Seller Tips

Mortgage Loan Limits to Rise in 2019 to Keep Pace With Home Prices

Conforming loan limits got a boost for 2019 in nearly every part of the U.S. The Federal Housing Finance Agency, a regulator for mortgage financing giants Fannie Mae and Freddie Mac, announced that conforming loan limits will rise in 2019 to $484,350 in most parts of the country. That marks a 6.9 percent increase over this year’s $453,100. The FHFA limits set the maximum single-family mortgage amounts that Fannie Mae and Freddie Mac will finance, as well as limits for the Federal Housing Administration program. Penywise - Morguefile “These limits ... Read More

Timing a Black Friday-Like Sale When Buying a Home

Home buyers looking for the best deal of the year on housing may want to wait until the day after Christmas to close on a home. ATTOM Data Solutions, a real estate data firm, analyzed the best days and months for advantageous pricing at state and metro levels. Only 10 days of the year offer discounts below estimated market values—seven in December and one each in October, November, and February, according to the study. ATTOM Data Solutions “People closing on a home purchase on December 26 were submitting offers around Thanksgiving an... Read More

3 Ways to Spruce Up a Home in the Winter

3 Ways to Spruce Up a Home in the Winter The colder months can make selling tougher. The home’s exterior can look dreary against a gray sky backdrop and buyers may want to go into hibernation rather than shop for homes in the chilly weather. But real estate and staging professionals say there’s still plenty you can do to make your listing stand out in the wintertime. Realtor.com® spotlighted a few of their ideas, including: 3 Subtle Holiday Staging Tips Pay attention to curb appeal. Don’t let the colder months be an excuse to not pay attention to your yard ma... Read More

Forecasters: Home Buyers, Sellers May Have Tough Road Ahead

Rising mortgage rates and home prices may prove a bigger thorn to home buyers in 2019 as buying a home gets more expensive in the new year. Meanwhile, as more homeowners list their homes, sellers will face greater competition, possibly increasing the need for concessions. Mortgage rates are forecast to reach 5.5 percent by the end of the year, and monthly mortgage payments will increase 8 percent. That could put homeownership more out of reach to first-time home buyers, realtor.com® researchers predict. “Inventory will continue to increase next year, but unless there... Read More

Existing-Home Sales Hit Highest Numbers Since Recession

The spring home-buying market was off to a strong start in March as buyers closed on the highest number of existing homes in a decade. And that's despite the lack of residences on the market. Sales of existing homes (that is, ones that have previously been lived in) hit about 5.71 million last month, according to the seasonally adjusted numbers in the most recent National Association of Realtors® report. That was a 4.4% rise from February and a 5.9% increase from the same month a year earlier. "Sales are the highest since the recession," says Joseph Kirchner, senior economist of rea... Read More

Case-Shiller: Pace of Home Price Growth ‘Not Alarming’

Home prices in the U.S. hiked to their highest level in more than two years in December, posting a 5.8 percent annual gain, according to the recently released S&P CoreLogic Case-Shiller U.S. National Home Price NSA Index. Their pace, though substantial, is not “not alarming,” says David M. Blitzer, S&P Dow Jones Index Committee chairman and managing director. “Home prices continue to advance, with the national average rising faster than at any time in the last two-and-a-half years,” Blitzer says. “With all 20 cities seeing prices rise over the last year, questions ab... Read More

Existing-Home Sales Begin 2017 with a Bang

Existing-Home Sales Begin 2017 with a Bang Existing-home sales began 2017 with a bang, growing 3.3 percent and hitting a 10-year high in January, according to the National Association of REALTORS® (NAR). With the exception of the Midwest, every region saw gains, with total sales reaching 5.69 million—the fastest pace since February 2007. “Much of the country saw robust sales activity last month as strong hiring and improved consumer confidence at the end of last year appear to have sparked considerable interest in buying a home,” says Lawrence Yun, NAR chief economist. ... Read More

Over Half of Housing Markets Hit Price Peaks

More than half of housing markets saw home sale prices peak at the end of 2016, according to the National Association of REALTORS®’ (NAR) recently released quarterly report, contributing to the best quarterly sales pace of the year. Eighty-nine percent of markets saw home prices increase in the fourth quarter, compared to 87 percent in the third quarter, with 17 percent experiencing double-digital increases. “Buyer interest stayed elevated in most areas thanks to mortgage rates under 4 percent for most of the year and the creation of 1.7 million new jobs edging the job market clo... Read More

What’s In Store for the Luxury Real Estate Market in 2017?

   Posted on  Feb 8 2017 - 4:14pm  by  Mikkie Mills Eight years after the housing bubble, homebuyers are still exercising caution. This is particularly seen in the luxury real estate market, which ended 2016 on a slow note. A combination of oversupply and rising housing costs in cities like San Francisco and New York left buyers feeling choked out. Will the market improve in 2017? Experts have mixed feelings. "We have seen inventory come back at a steady pace, and buyer demand is strong enough that it will continue to keep the market moving as we go throu... Read More