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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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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Just Like Sales, Home Showings Drastically Up

By: Gem Home Loans

There is a lot of real estate data devoted to tracking buyer demand. Reports covering home sales, contract signings, and builder confidence are all, in one way or another,...

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Home Payments More Affordable Than Ever

By: Gem Home Loans

Home prices can be deceiving. After all, the sales price of a home isn’t really the number that matters most to a prospective home buyer. The monthly mortgage payment...

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Is The Tide Turning? Contracts To Buy Fall In September

By: Gem Home Loans

The National Association of Realtors’ Pending Home Sales Index measures the number of contracts to buy homes signed each month. It’s an important barometer of housing-market health because it...

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The Rules Of The Road In Buying In A Competitive Housing Market

By: Gem Home Loans

These days, there are plenty of interested homebuyers but fewer homes for sale. That means home sellers have options and buyers have to be prepared. So what are some...

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Buyers Didn’t Have To Wait Long For Offers and Sales

By: Gem Home Loans

New numbers from the National Association of Realtors show just how quickly homes are selling these days. Their September existing-home sales report found that not only were sales of...

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Bidding Wars: When Your Best Price Might Be Enough.

By: Gem Home Loans

In a hot housing market, where there are more buyers than there are homes for sale, competition rises. A good house will attract multiple buyers and give the home’s...

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