Contact us for instant answers.

We invite you to experience the Birchwood difference. Fill out the form to the right and a representative will contact you with more information.

Depleted Home Inventory Locking Many Out

04.07.2021

Black Knight’s latest Home Price Index has found home prices up 11.6% in February, hitting their highest annual rate in more than 15 years. Also rising at an equally-paced clip, median single-family sales prices rose 15.9% year-over-year in February. The rise in home prices, along with the uptick in mortgage rates, has driven affordability to its lowest point since mid-2019.

Homes Are Selling Faster Than Ever Before

04.02.2021

Considering recent reports revealing just how competitive one must be to purchase a home in most parts of the country it should come as little surprise that Redfin just reported that homes today are selling faster than any time in recorded home-selling history.

Homebuying Competition Increases for 9th Straight Month

02.18.2021

For the ninth consecutive month, more than half of all offers authored by Redfin real estate agents faced a competing bid, according to a monthly survey by Redfin.

A Closer Look at Housing-Finance Trends

02.03.2021

Historically, buying has always been a better investment than renting, but that may no longer be the case—one of several highlights from the Urban Institute’s Housing Finance Policy Center.

Optimism Returns with Homebuyers In Tow

01.27.2021

People who were hesitant to buy a home in 2020 seem to be feeling more confident, according to a study conducted by the Harris Poll in December for NerdWallet. In fact, around 26 million Americans plan on purchasing their first home within the next five years.

Home Values at Six-Year High

01.22.2021

Home values during December reached to $266,104, an 8.4% year-over-year ascent and the highest annual increase since January 2014, according to new data from Zillow.

Predicting the Housing Market’s Reaction to a Vaccine Rollout

01.13.2021

Expect the housing market in 2021 to "settle somewhere in between where we were before COVID and where we were during COVID," says Danielle Hale, Chief Economist for Realtor.com's recent article entitled, "How the Rollout of COVID-19 Vaccines Could Help, and Hurt, the U.S. Housing Market."

Pending Home Sales Report: Uptick in Contract Signings

01.07.2021

Pending home sales saw a month-over-month decline during November, according to the data from the National Association of Realtors (NAR). However, sales were up from one year earlier.

Forbearance loans decrease, but new requests are highest since August

12.30.2020

The total number of loans in forbearance decreased from 5.54% to 5.48% as of Dec. 6, according to the Mortgage Bankers Association.

What Will the Housing Market Look Like in 2021?

12.23.2020

This year has been an intense one for all industries, but the housing market has managed to come out on top. As 2021 draws nearer, Zillow offers some key trend predictions that could lead to shifts in the market next year.

Pages

Connect with us:

© Birchwood Credit Services 2021. Web Development by CommonPlaces Interactive

Contact|Privacy Policy|Site Map|Security & Technology