Davidson County Real Estate Blog
Role of Private Mortgage Insurance
An acronym for Private Mortgage Insurance is PMI. This type of insurance protects the lender in case the borrower defaults on the mortgage. The beneficiary of the policy is the lender and the borrower pays the premium for the policy. PMI is mandatory on all loans where the borrower puts down less than a 20% down payment.
Market Watch Report – 1st QTR 2019
11 Tips for First-Time Home Buyers
New Homes in Clemmons, NC
New Homes in Clemmons in Davidson County, NC As of October 29, 2019, there are 44 new homes for sale with a Clemmons postal address in Davidson and Forsyth Counties. These properties include single-family and townhomes in the 27012 zip code. To buy or sell real estate in the Clemmons Real Estate Market, contact Megan L. Clement at … Continued
Davidson County Market Watch Report – 4th QTR 2018
National Association of Realtor Economist, Lawrence Yun, forecasts modest price growth in 2019 between 2% to 3% instead of 5% or more as in recent years. We will still be in a Seller’s Market, but in high price markets, sellers might have to offer incentives to buyers. In these markets, in particular, there will be less bidding wars and multiple offers as seen in 2018. The lack of inventory supply is expected to ease some with inventory rising from 7% to 10%. However, this increase in inventory will go toward the mid to high-end market homes priced above $250,000. This inventory increase will not help first-time homebuyers. Interest rates are expected to increase to 5.5 per cent by the end of 2019 causing affordability issues for some first-time homebuyers. This April will be the first time people will see the results of the tax reform when filing their taxes.