Contract Signing Nearing Pre-Pandemic Levels

By: Gem Home Loans

When a buyer’s offer is accepted and a contract to buy is signed, that home’s sale is considered pending until the closing process has finished. Pending sales are considered...

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How Long Will You Live In Your Next House?

By: Gem Home Loans

If you’re shopping for a house this year, there’s likely a reason you’ve decided now’s the right time for you to buy. Maybe it’s because you no longer like...

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Existing Home Sales Surpass Last Year’s Pace

By: Gem Home Loans

There are a lower-than-normal number of previously owned homes available in today’s market, but that hasn’t stopped home buyers. In fact, according to the National Association of Realtors, sales...

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Forecast For Housing Market Is Bright

By: Gem Home Loans

Each month, Fannie Mae’s Economic and Strategic Research Group releases a forecast for the economy and housing market. According to their most recent release, the group sees improvement ahead....

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Surprise! Neighbors Have Become Well . . . More Neighborly

By: Gem Home Loans

In times of crises, people tend to come together. That’s certainly been true over the past year. The coronavirus pandemic meant we all had to look out for one...

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Homeowner Equity Continues To See Gains

By: Gem Home Loans

When you own a home and its value increases, you build equity. And when the amount of equity you’ve built is more than double what you owe on your...

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Improvement In Mortgage Credit

By: Gem Home Loans

In order to be approved for a mortgage, borrowers have to meet certain standards. How well they meet those standards not only determines whether they’re approved to borrow but...

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Big Gap Between Sellers and Buyers

By: Gem Home Loans

In April, Fannie Mae’s Home Purchase Sentiment Index found a widening gap between the number of respondents who say it’s a good time to sell a home and those...

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