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Monthly Archives: March 2021

    Is Homeownership Still Considered Part of the American Dream?

    By Pick Pina Group | March 31, 2021

    Since the birth of our nation, homeownership has always been considered a major piece of the American Dream. As Frederick Peters reports in Forbes: “The idea of a place of one’s own drives the American story. We became a nation out of a desire to slip the bonds of Europe, which was still in many […] Read More

    How a Change in Mortgage Rate Impacts Your Homebuying Budget

    By Pick Pina Group | March 30, 2021

    Mortgage rates are on the rise this year, but they’re still incredibly low compared to the historic average. However, anytime there’s a change in the mortgage rate, it affects what you can afford to borrow when you’re buying a home. As Sam Khater, Chief Economist at Freddie Mac, shares: “Since January, mortgage rates have increased […] Read More

    What It Means To Be in a Sellers’ Market

    By Pick Pina Group | March 29, 2021

    If you’ve given even a casual thought to selling your house in the near future, this is the time to really think seriously about making a move. Here’s why this season is the ultimate sellers’ market and the optimal time to make sure your house is available for buyers who are looking for homes to […] Read More

    2021 Real Estate Myth Buster [INFOGRAPHIC]

    By Pick Pina Group | March 26, 2021

    Some Highlights There are a lot of misconceptions about buying or selling a home today, making it challenging to know exactly how to navigate the current real estate landscape. Here’s a little clarity when it comes to 5 common myths about the 2021 h... Read More

    Buyer & Seller Perks in Today’s Housing Market

    By Pick Pina Group | March 25, 2021

    Right now, the housing market is full of outstanding opportunities for both buyers and sellers. Whether you’re thinking of buying your first home, moving up to a bigger one, or selling so you can downsize this spring, there are perks today that are powering big moves for people across the country. Here are the top two to […] Read More

    Why You Should Think About Listing Prices Like an Auction’s Reserve Price

    By Pick Pina Group | March 24, 2021

    For generations, the homebuying process never really changed. The seller would try to estimate the market value of the home and tack on a little extra to give themselves some negotiating room. That figure would become the listing price of the house. Buyers would then try to determine how much less than the full price […] Read More

    Should We Fear the Surge in Cash-Out Refinances?

    By Pick Pina Group | March 23, 2021

    Freddie Mac recently released their Quarterly Refinance Statistics report which covers refinances through 2020. The report explains that the dollar amount of cash-out refinances was greater in 2020 than in recent years. A cash-out refinance, as defined by Investopia, is: “a mortgage refinancing option in which an old mortgage is replaced for a new one […] Read More

    What Credit Score Do You Need for a Mortgage?

    By Pick Pina Group | March 22, 2021

    According to data from the most recent Origination Insight Report by Ellie Mae, the average FICO® score on closed loans reached 753 in February. As lending standards have tightened recently, many are concerned over whether or not their credit score is strong enough to qualify for a mortgage. While stricter lending standards could be a challenge for […] Read More

    Americans See Major Home Equity Gains [INFOGRAPHIC]

    By Pick Pina Group | March 19, 2021

    Some Highlights Today’s home price appreciation is driving equity higher throughout the country. If your needs are changing and you’re ready for a new home, your equity may be a great asset to power your next move. Now is a great time to put your eq... Read More

    To Renovate or Not To Renovate Before You Sell

    By Pick Pina Group | March 18, 2021

    When thinking about selling, homeowners often feel they need to get their house ready with some remodeling to make it more appealing to buyers. However, with so many buyers competing for available homes right now, renovations may not be as vital as they would be in a more normal market. Here are two things to […] Read More