Despite Hikes, Rates Remain Low

By: Gem Home Loans

Mortgage rates have recently started to increase again, after hovering at or just above record lows for months. And with most economists predicting the economy will boom – as...

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Average Home Sale In February – 20 Days

By: Gem Home Loans

The typical home for sale was on the market just 20 days in February, according to new data released by the National Association of Realtors. That’s a record low...

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The Best Way to Win A Bidding War

By: Gem Home Loans

In a today’s market, buyers have to compete for available homes. That means, finding ways to make your offer stand out from others. Put simply, you can’t expect to...

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Will Demand Go Down Now That Home Building Has Stopped?

By: Gem Home Loans

New data released by the U.S. Census Bureau and the Department of Housing and Urban Development shows the number of new homes that began construction in February was 10.3...

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February Proves Boon For Sellers

By: Gem Home Loans

The price a home is listed for isn’t necessarily the price its buyer will pay. That’s especially true when the number of homes for sale is low, as it...

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Experts Think Stable Credit Will Result In Higher Demand

By: Gem Home Loans

Each quarter, Fannie Mae asks senior mortgage executives for their views on the upcoming mortgage market. Their Mortgage Lender Sentiment Survey can be a good predictor of what’s ahead...

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Millennials Prefer Shopping Online

By: Gem Home Loans

Traditionally, before you make an offer on a house, you go see it in person. After all, buying a home is a major financial transaction. You wouldn’t want to...

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Median Down Payments Reach New Heights

By: Gem Home Loans

To buy a house, you need to make a down payment. But how much of a down payment you decide to make depends on a lot of factors, including...

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A Swing Back To Urban Neighborhoods?

By: Gem Home Loans

The coronavirus caused a shift in home buying preferences. Mitigation efforts led to more Americans working from home, which then caused buyers to look for houses in areas where...

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