Two Reasons We Won’t See a Rush of Foreclosures This Fall
The health crisis we face as a country has led businesses all over the nation to reduce or discontinue their services altogether. This pause in the economy has greatly impacted the workforce and as a result, many people have been…
Home Sales Hit a Record-Setting Rebound
With a worldwide health crisis that drove a pause in the economy this year, the housing market was greatly impacted. Many have been eagerly awaiting some bright signs of a recovery. Based on the latest Existing Home SalesReportfrom theNational Association…
Three of the Latest Reports Show Housing Market Is Strong
The residential real estate market is remaining resilient as the country still struggles to beat the COVID-19 pandemic. Three separate reports recently revealed how the housing market is still showing growth. Heres a look at each one.1. Ivy ZelmansReal Estate…
Guidance and Support Are Key When Buying Your First Home
In June, the number of first-time homebuyers accounted for 35% of the existing homes sold, a trend thats been building steadily throughout the year. According to theNational Association of Realtors(NAR):The share of first-time buyers increased in March through Juneright into…
Will We See a Surge of Homebuyers Moving to the Suburbs?
As remote work continues on for many businesses and Americans weigh the risks of being in densely populated areas, will more people start to move out of bigger cities? Spending extra time at home and dreaming of more indoor and…
Homeownership Rate Continues to Rise in 2020
So far, its been quite a ride this year, and our nation has truly seen its fair share of hurdles. From COVID-19 to record unemployment and then the resulting recession, just to name a few, the second quarter of 2020…
Taking Advantage of Home Buying Affordability in Today’s Market
Everyone is ready to buy a home at different times in their lives, and despite the health crisis, today is no exception. Understanding how affordability works and the main market factors that impact it may help those who are ready…
Best Time to Sell? When Competition Is at an All-Time Low
In arecent surveyof home sellers byQualtrics, 87% of respondents said they were concerned their home wont sell because of the pandemic and resulting economic recession. Of the respondents, 51% said they are seriously worried. That concern seems reasonable considering the…
Mortgage Rates Hit Record Lows for Three Consecutive Weeks
Over the past several weeks,Freddie Machas reported the average 30-year fixed mortgage rate dropping to record lows, all the way down to3.03%. Last weeks reported rate reached the lowest point in the history of the survey, which dates back to…
Are New Homes Going to Be Available to Buy This Year?
In todays economy, everyone seems to be searching for signs that a recovery is coming soon. Many experts agree that it may actually already be in motion or will bestartingby the 3rdquarter of this year. With the housing market positioned…