Home sales across the United States are picking up again despite the sudden loss of some 22 million jobs due to the coronavirus pandemic. How does that make sense? Record-low mortgage rates and a lack of homes for sale are two key reasons that help explain the dramatic rebound. However, those factors do not tell the whole story.
Mortgage interest rates fell below 3% for the first time ever. The average 30-year fixed-rate mortgage fell to a record low of 2.98% this past week, according to Freddie Mac. That is the lowest level in the nearly 50 years of the mortgage giant’s survey.
In an average year, there is a house fire every minute and a half in the United States. That means there are over 350,000 house fires in our country every year. Are you and your family ready for a fire in your home? While there are a myriad of fire safety and prevention tips, three really stand out for me.
“My favorite thing about the United States? Lots of Americans, one America.” – Val Saintsburt
Finding your next home locally can be challenging. When you add hundreds or even thousands of miles to the equation, it becomes significantly more complicated. Though long-distance house hunting has its unique challenges, it is not impossible. In fact, we help people with it every day, and with modern technology, it has never been easier to buy a house remotely. Here are a few critical factors to keep in mind when you find yourself in a home search from afar.