During the tail end of 2016, the U.S. residential real estate market exhibited some significant ups and downs. Investors and developers in Delaware may be interested in knowing that even though some of these fluctuations were expected as par for the course, others...
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Year: 2016
House shopping tips for 2017
On Behalf of Tunnell & Raysor, P.A. | Dec 16, 2016 | Residential Real Estate
Whether a Delaware resident is a prospective first time home buyer or not, purchasing real estate is likely a major decision. For this reason, people might be interested in some tips before buying a home. At the outset, they might want to be careful about overspending...
Home prices drop in the winter
On Behalf of Tunnell & Raysor, P.A. | Dec 1, 2016 | Residential Real Estate
The winter can sometimes be the best time to purchase residential property in Delaware and around the country. Because many families try to buy homes before the new school year begins, the summer months can be a very busy time in the residential real estate market. A...
Hiding these problems could cause legal issues for home sellers
On Behalf of Tunnell & Raysor, P.A. | Nov 17, 2016 | Residential Real Estate
Delaware homeowners naturally want their properties to look their best when listing them for sale. Failing to disclose certain issues, however, could cause a buyer to initiate legal action to correct a problem that should have been revealed prior to the sale....
Wealthy remain upbeat about residential real estate
On Behalf of Tunnell & Raysor, P.A. | Nov 1, 2016 | Residential Real Estate
While concerns about the future of the global economy and questions about the residential real estate market in Delaware and around the country persist, wealthy buyers will likely remain fairly active according to a Luxury Portfolio International survey. The real...
Rising mortgage rates scare consumers
On Behalf of Tunnell & Raysor, P.A. | Oct 21, 2016 | Mortgages
Delaware residents may have noticed the rise in interest rates, which is discouraging consumers from applying for mortgages. In fact, as the first week of October ended, there were 6 percent fewer mortgage applications around the country than the prior week, as...
Some banks are getting back into mortgage lending
On Behalf of Tunnell & Raysor, P.A. | Oct 5, 2016 | Mortgages
Near the end of September 2016, the Urban Institute revealed that improving bank conditions could also lead to changes in the housing market. Following the 2008 financial crisis, numerous banks stopped originating mortgage loans because of increased regulatory...
Increase in mortgage rates leads to decrease in applications
On Behalf of Tunnell & Raysor, P.A. | Sep 22, 2016 | Mortgages
Delaware residents who are interested in selling or buying homes might be interested in the recent decline in the number of mortgage applications. The decline came as interest rates for home loans increased.According to CNBC, the volume of mortgage applications during...
When landlords breach a lease agreement
On Behalf of Tunnell & Raysor, P.A. | Sep 9, 2016 | Landlord/Tenant Matters
Many Delaware residents rent a home or an apartment, but interactions with landlords don't always go according to plan. State law provides various mechanisms that renters can use to seek remedies or terminate their leases when their landlords fall short of their...
Understanding tax-deferred real estate exchanges
On Behalf of Tunnell & Raysor, P.A. | Aug 25, 2016 | Real Estate Transactions
If you are preparing to engage in a real estate transaction in Delaware, you will likely find that the process is extremely complicated, regardless of whether it involves a large commercial transaction, a residential property held for investment purposes or a property...