If you’re planning to buy a RCFE home, an appraisal is an important step in the process. It’s a professional evaluation of the market value of the RCFE you’d like to buy. In most cases, an appraisal is ordered by the lender to confirm or verify the value of the RCFE home prior to lending a buyer money for the purchase. It’s also a different step in the process from a home inspection, which...
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The housing market made an incredible recovery in 2020 and is now positioned for an even stronger year in 2021. Record-low mortgage interest rates are a driving factor in this continued momentum, with average rates hovering at historic all-time lows. According to the latest Realtors Confidence Index Survey from the National Association of Realtors (NAR), buyer demand across the country is...
According to the latest CoreLogic Home Price Insights Report, nationwide home values (includes RCFE homes) increased by 8.2% over the last twelve months. The dramatic rise was brought about as the inventory of homes for sale reached historic lows at the same time buyer demand was buoyed by record-low mortgage rates. As CoreLogic explained: “Home price growth remained consistently elevated...
In the second half of this year, the housing market surged with activity. Today, real estate experts are looking ahead to the winter season and the forecast is anything but chilly. As Lawrence Yun, Chief Economist for the National Association of Realtors (NAR), notes: “It will be one of the best winter sales years ever.” The typical winter slowdown in the RCFE housing market is simply not on the...
Once you’ve found the right home and applied for a mortgage, there are some key things to keep in mind before you close. You’re undoubtedly excited about the opportunity to decorate your new place, but before you make any large purchases, move your money around, or make any major life changes, consult your lender – someone who is qualified to tell you how your financial decisions may impact your home...
With an unrelenting lack of supply of RCFE homes FOR SALE, it will not be a buyer’s market anytime soon. An Ongoing Seller’s Market RCFE housing has lined up in favor of sellers for years now and it is due to a low inventory of RCFEs available to purchase coupled with strong demand. This demand is boosted by historically low mortgage rates. It is tough buying an RCFE in today’s housing...
Around this time each year, many RCFE homeowners decide to wait until after the holidays to sell their RCFEs. Similarly, others who already have their RCFEs on the market remove their listings until the spring. Let’s unpack the top reasons why selling your RCFE now, or keeping it on the market this season, is the best choice you can make. This year, buyers want to purchase RCFEs for the holidays, and...
Excerpted from McKnight’s LongTerm Care By Alicia Lasek This is what HHS Secretary Alex Azar said at a Tuesday Operation Warp Speed press briefing. Vulnerable populations, including those who work in nursing homes, could begin receiving Pfizer’s COVID-19 vaccine candidate after Dec. 10, according to Health and Human Services Secretary Alex Azar. That is the date when the Food and Drug...
There seems to be some concern that the 2020 economic downturn will lead to another foreclosure crisis like the one we experienced after the housing crash a little over a decade ago. However, there’s one major difference this time: a robust forbearance program. During the housing crash of 2006-2008, many felt homeowners should be forced to pay their mortgages despite the economic hardships they were...
With an extremely limited supply, this is the hottest November since 2012. Hot November Housing With an Expected Market Time of 41 days, in the midst of November, the Southern California RCFE market is hotter than the Spring Markets of 2014 through 2019. This is the year when everyone is looking forward to the holidays. From the annual pilgrimage to the attic to take down the holiday decorations to...