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Author: Chris B. Georgakopoulos

Typical Homeowner Added Nearly $10k in Equity Over Past Year

May 21, 2019 Chris B. Georgakopoulos

Homeowners continue to see home values increase, along with their equity. Metro home prices nationwide saw an increase of nearly…

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Mortgage Rates Moved Slightly Lower This Week

May 20, 2019 Chris B. Georgakopoulos

Home buyers saw mortgage rates edge lower again this week, with rates remaining well below year ago levels.  “Modestly weaker…

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Long Island Housing Data for April 2019

May 16, 2019 Chris B. Georgakopoulos

The April 2019 closed median home price for Long Island, which includes Nassau, Suffolk, and Queens housing data, was $455,000…

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Buyers Face Less Competition This Spring

May 15, 2019 Chris B. Georgakopoulos

Home shoppers may be less likely to face a bidding war compared to a year ago. Just 15% of offers…

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CoreLogic: Home Prices Rise 3.7 Percent

May 13, 2019 Chris B. Georgakopoulos

In March, home prices rose 3.7 percent year-over-year, with a 1 percent change from February, according to CoreLogic’s latest Home…

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Why Remodeling Projects Are Facing Delays, Higher Prices

May 12, 2019 Chris B. Georgakopoulos

A remodeling labor shortage continues to impact housing projects by increasing prices and delaying timetables, a new survey from the…

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Average Homeowners Stay 8 Years Before Moving

May 10, 2019 Chris B. Georgakopoulos

Homeowners have been less transient the last few years. In the first quarter of 2019, homeowners who sold their homes…

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Ginnie Mae: Multiple Refinances Cause Problems

May 8, 2019 Chris B. Georgakopoulos

It can be financially harmful to borrowers and investors to repeatedly refinance their mortgages, warns Ginnie Mae, a government-backed firm…

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Are Lenders Loosening Mortgage Requirements Too Much?

May 7, 2019 Chris B. Georgakopoulos

Lenders are showing more tolerance for riskier mortgage applicants, lower credit scores, higher debt-to-income ratios, and smaller down payments, according…

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Mortgage Rates Break From Weeks of Increases

May 6, 2019 Chris B. Georgakopoulos

Following four weeks of rate increases, fixed-rate mortgages posted a drop this week. Rates remain well below their averages from…

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