New Builds Gives Options For Vibrant Housing Market

By: Gem Home Loans

If you’ve been searching for a house to buy, you’ve likely heard that inventory is low right now. There are fewer homes for sale than normal. That means, more...

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It’s 2020. Fall Housing Market Makes Up For Weak Spring

By: Gem Home Loans

Sales of previously owned homes increased 4.3 percent in October, according to new numbers from the National Association of Realtors. The improvement marks the fifth consecutive monthly gain and...

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Even In Pandemic, Mortgage Credit Readily Available

By: Gem Home Loans

The Mortgage Bankers Association’s Mortgage Credit Availability Index measures how easy or difficult it is for borrowers to secure financing. If the index increases, that means lending standards have...

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Bidding Wars More Common Than Not In Today’s Housing Market

By: Gem Home Loans

There are different types of competition. Some are more enjoyable than others. Competition on a golf course, for example, can be fun, while in the housing market, competition can...

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One Positive To 2020? Home Prices Up Everywhere

By: Gem Home Loans

The monthly mortgage payment on the typical single-family home is now $1,059, according to new third-quarter data from the National Association of Realtors. Up $27 from last year, the...

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Good News! Interest Rates To Remain Low in 2021

By: Gem Home Loans

Favorable mortgage rates have helped the housing market handle affordability challenges, low inventory, and coronavirus. With record low rates counteracting continuing price increases, demand from home buyers has stayed...

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Housing Market’s Strength Lies in Equity

By: Gem Home Loans

Everybody knows about the economic damage the coronavirus pandemic has caused. But while the virus disrupted the overall economy, the housing market has showed remarkable resiliency. In fact, by...

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