According to PHFA, there has been an increase on the maximum amount of assistance for those eligible for the Pennsylvania Homeowner Assistance Fund. Thanks to money from the American Rescue Plan Act, the cap has risen from $30,000 to $50,000.
According to Realtor.com®’s Monthly Housing Trends Report for October, the number of active listings across the U.S. rose 33.% year over year, representing 189,000 more houses on the market compared to last October.
An agent’s fiduciary duty includes properly guiding and advising clients by utilizing their current skills and knowledge to the best of their ability, as well as seeking out new tools and solutions that may better serve their clients.
In the third quarter of this year, 48.5% of homes with a mortgage were considered equity-rich, which means that the loan balance remaining on the mortgage is not more than 50% of the home’s estimated market value. This is an increase from the second quarter, when it was 48.1% and an increase of 9% year over year.