Just Real Estate Talk

It’s All About Real Estate…..

Welcome to my Blog, Just Real Estate Talk!

Whether you are a Home Buyer, Home Seller, Current Homeowner or would just like to become more knowledgeable about real estate, you should find articles of interest.

Headline Real Estate News

Real Estate News_10.5.20-10.9.20
October 11, 2020

Headline Real Estate News  October 5th  -  October 9th 8/27/20 Press Release HUD 20 - 134  "FHA EXTENDS FORECLOSURE AND EVICTION MORATORIUM FOR HOMEOWNERS THROUGH YEAR END" Third extension will allow FHA-insured homeowners economically impacted by COVID-19 to focus on financial recovery WASHINGTON - Today, the Federal Housing Administration (FHA) announced the third extension of its foreclosure and eviction moratorium through December 31, 2020, for homeowners with FHA-insured single family mortgages covered under the Coronavirus Relief and Economic Security (CARES) Act. This extension provides an additional ... Continue Reading
Tags: Real Estate News

Being Home and Covid 19
October 3, 2020

  Being Home... Weekdays... Weekends... Are you starting to feel differently about your home? Is there enough room for everyone to spread out and take care of the daily working/schooling activities being accomplished at home? Take a look at what other Homeowners are saying! [embeddoc url="https://davidfialk.com/wp-content/uploads/2020/10/searshomeservices.com-Making-a-House-a-Home-in-the-Time-of-COVID-19.pdf" viewer="google"] Are you thinking of making changes? The above article,“ Your Home and Covid 19”, was compiled by David Fialk, Realtor Emeritus, who regularly posts real estate articles of interest for home buyers, home sellers and home owners. Licensed Since 1971, David ... Continue Reading
Tags: Home Owning

Headline Real Estate News

Real Estate News 9/28/20-10/3/20

Headline Real Estate News September 28th - October 3rd 9/29/20      “August Closings: Properties Averaged 3 Offers” The frenzy in the housing market continued in August as buyer competition remained elevated. Properties that closed in August received an average of three offers, according to the August REALTORS® Confidence Index Survey. The report is based on a survey of about 4,000 REALTORS® about their latest real estate transactions. Further evidence that the housing market is going strong: Buyer foot traffic to listings remains high. ... Continue Reading
Tags: Real Estate News

Is it Only the Purchase Price of the Home?
September 29, 2020

Question: In deciding which homes are affordable, is it only the Purchase Price of the home and the Mortgage Interest Rate?  Is it possible there are other factors which have an effect on affordability? Yes, low Mortgage Interest Rates can make mortgage payments more affordable and can enable buyers to increase their price range to view more suitable homes. And yes, the Historic Low Mortgage Interest Rates of the recent past have enabled more individuals to make the decision to ... Continue Reading
Tags: Home Buying, Mortgage Payments, Mortgages, Tips for Home Buyers

Headline Real Estate News

Real Estate News_9/21/20-9/26/20
September 26, 2020

Headline Real Estate News September 21st - September 26th  9/22/20  Mortgage News Daily “Home Sales Surge to Best Levels in 14 Years”     Jann Swanson Existing home sales continued on a roll for the third consecutive month, hitting the highest level in August since December 2006. The National Association of Realtors® (NAR) said sales of pre-owned single-family houses, townhomes, condos, and cooperative apartment were at a seasonally adjusted annual rate of 6 Million Units. The August numbers came on top of a 24.7 percent rise the prior ... Continue Reading
Tags: Real Estate News

Headline Real Estate News

Real Estate News_9.14.20-9.19.20
September 20, 2020

Headline Real Estate News September 14th  -  September 19th    9/15/20 Mortgage News Daily “What Will The Fed Do to Mortgage Rates?” Mathew Graham What will the Fed do to mortgage rates?  This is actually a bit of a trick question.  The Fed doesn't set mortgage rates.  The Fed's policy rate applies to overnight loans between large financial institutions.   The only way it directly influences mortgage rates is by serving as the basis for the PRIME rate.  Home equity lines of credit (HELOCs) ... Continue Reading
Tags: Real Estate News

September Is Prime Time for These To-Do’s
September 18, 2020

Winter... Spring... Summer... Fall... Each Season Brings Homeowner Chores! September 22nd is the Official Start of Autumn, the Fall Season. Leaves will be changing Colors... Raking Fallen Leaves..  Preparing for change in temperature... Interior Decorating for Halloween and Thanksgiving.. Yard Work.. and Routine Maintenance Chores.. and More ?????? [advanced_iframe src="https://www.houselogic.com/organize-maintain/home-maintenance-tips/september-home-maintenance-plan/?cid=eo_em_mkt_newsletter/blog/advanced-iframe" width="100%" height="600"] Continue Reading
Tags: Home Owning

Headline Real Estate News

Real Estate News_9.6.20-9.12.20
September 13, 2020

Headline Real Estate News   Sunday, September 6th - Saturday September 12th  So, what real estate news has been appearing online? Is it Mortgage Rates... Mortgage Lending.. Mortgage Refinancing? 9/8/20 HW “Mortgage lending sets a 20-year record with $1.1T in Q2”     James Kleimann And refi volume for the third quarter will be even higher U.S. lenders issued a staggering $1.1 trillion in home loans between April and June, marking the biggest quarter in at least two decades, according to mortgage data firm Black Knight. The ... Continue Reading
Tags: Real Estate News

Looking at Mortgage Interest Rates…1980’s to Right Now!
September 6, 2020

I have been selling real estate since 1971, and yes, I have experienced the Good, the Bad and the Ugly of changes in Mortgage Interest Rates throughout my real estate career. Home buyers starting their home search at one interest rate, getting pre-approved at another rate, going under contract and submitting a mortgage application and locking in at another interest rate. And over the years, there were more instances that the interest rate was going up each time, not going down. Home ... Continue Reading
Tags: Mortgage Interest Rates

NC 1st Home Advantage Mortgage
August 31, 2020

NC 1st Home Buyer Down Payment Assistance If you are a first-time home buyer or military veteran and qualify for an NC Home Advantage Mortgage, you may be eligible for $8,000 in down payment assistance with the NC 1st Home Advantage Down Payment. Similar to the other down payment assistance options available with the NC Home Advantage Mortgage, this down payment help is a 0 percent, deferred second mortgage, which is forgiven 20 percent per year at the end of years 11-15, with complete ... Continue Reading
Tags: Home Buying, Mortgage Information, Mortgages