Archive For March 31, 2017

EveryHome’s Brand New Look is Coming Soon!

EveryHome’s Brand New Look is Coming Soon!

EveryHome is going places!  We’re so excited to announce that we’re in the process of refreshing our brand, and you’ll soon notice a new logo and colors throughout the website. In addition to the new look, there will also be a few functional changes to make your home shopping experience even easier! As you may…

Mortgage Rates Dip as Spring Market Heats Up

Mortgage Rates Dip as Spring Market Heats Up

The spring market is in full swing, and after reaching their highest levels of the year in mid-March, mortgage rates have finally retreated.  According to Bankrate.com, the average 30-year fixed rate loan currently stands at 4.29%, down an impressive 15 basis points from last week. The 15-year fixed loan also fell 15 basis points to just…

Grants and Assistance Programs for First Time Buyers

Grants and Assistance Programs for First Time Buyers

There are a lot of programs available to first time buyers to assist with down payments and closing costs!  One of the most popular choices is the PHFA program which is a soft-second mortgage offered in the state of Pennsylvania. It is an interest-free loan and the maximum amount is $6,000 or 4% of the purchase…

Housing Shortage Leads to Competition Among Buyers

Housing Shortage Leads to Competition Among Buyers

If you’re planning to tour a few homes this weekend, you just may want to bring along your checkbook. Homes are selling faster than they have in nearly a decade, which is largely due to the number of homes for sale being at their lowest level in nearly twenty years. In fact, a number of…

Credit Scores Improvement for Home Buyers

Credit Scores Improvement for Home Buyers

Interested in buying a home this spring but concerned about your credit? You’re not alone! Each year, we work with dozens of buyers who  struggle to qualify for a mortgage because of poor credit.  Luckily, there are local, helpful programs to help borrowers increase their credit scores quickly!   Currently, FHA mortgages allows buyers with credit…

What You Need to Know Before Attending an Open House

What You Need to Know Before Attending an Open House

It’s open house season! The busy time of year for real estate is well underway as we enter the warmer spring months, and chances are there will be plenty of opportunities to tour new listings at open houses. In addition to learning about the home, attending an open house is also a great time to meet with…

March Home Maintenance Checklist

March Home Maintenance Checklist

From sunny 70 degree days to blizzard warnings, March has already been one crazy month for weather!  Thankfully, spring weather is just around the corner, and now is the time to prepare your home for the warmer months ahead. Consider the following home maintenance ideas to get your home in tip-top shape this season: One…

New Construction Update in Greater Philadelphia

New Construction Update in Greater Philadelphia

nThe stats are in, and new home sales were up 12.2% in 2016 from the previous year. While new construction is a popular option with many buyers, they come with a significantly higher price tag: the median price for a new home purchased in December was $322,500, compared to the existing home median price of $232,000….

Mortgage Rates Soar to 2017 High

Mortgage Rates Soar to 2017 High

The average 30-year fixed rate mortgage climbed to 4.38%, a nearly three-year high, according to Bankrate.com. The current rate stands at 4.38%. This time a year ago, the rate was just 3.87%. Rising rates can be largely attributed to the anticipated Federal Reserve short-term interest rate hike next week. A strong employment report could prompt…

How Much Should You Offer on a Home?

How Much Should You Offer on a Home?

Making an offer on a home is a personal decision that considers a variety of factors, including budget, perceived value of the home, and competition from other buyers.  Of course, there’s no “right answer” when it comes to understanding the best offer price, but it’s important to consider the current market situations to determine what may…

The Top High Schools in Greater Philadelphia

The Top High Schools in Greater Philadelphia

U.S. News and World Report ranks the nation’s top high schools each year, and a number of Philadelphia-area schools were ranked among the nation’s and state’s best.  The trusted ranking and analysis company evaluated data including graduation rates, academic excellence, and preparedness for college and careers. The Julia R. Masterman School in Philadelphia was recognized as…

This is Where Mortgage Rates are Heading

This is Where Mortgage Rates are Heading

The nation’s most closely-watched mortgage rate, the 30-year fixed, climbed two basis points this week to 4.31%. The 15-year fixed rate mortgage, a popular option for homeowners refinancing, increased just one basis point to 3.49%. And while it’s impossible to predict rates with any scientific certainty, mortgage experts believe that rates will likely continue to…

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