Many people are eager to buy a home right now while affordability continues to be a highlight of the current housing market. However, a recent survey by Sparks Research shows that 20% of first-time homebuyers cite a lack of financial education as a barrier to homeownership. This is definitely understandable. If you don’t feel comfortable with the financial process of buying a home, it’s hard to make...
The demand for homes this year is extraordinary as record-breaking numbers of hopeful buyers continue to shop for homes. In a normal year, the peak homebuying season comes to a close by early fall. However, 2020 is anything but a normal year, and the housing market is no exception. Lawrence Yun, Chief Economist for the National Association of Realtors (NAR), explains: “Home sales traditionally taper...
As shelter-in-location orders were implemented earlier this season,|this season -- Conclusion OF URL SHORTENER Key --> As shelter-in-location orders were implemented earlier,} many questioned what the shutdown means to the true estate market. Particularly, there is concern about home ideals. After years of increasing home prices, the entire year this appreciation trend would arrived at a screeching halt...
Earlier this season,|Earlier this season -- Conclusion OF URL SHORTENER Key -->,} real estate agent.com announced the discharge of the Housing Recovery Index, a every week guide showing the way the pandemic has impacted the home real estate industry. The index leverages a weighted common of four key the different parts of the housing marketplace by tracking each one of the next: Housing Demand -...
Earlier this season,|Earlier this season -- Conclusion OF URL SHORTENER Key -->,} many marketplace and economists analysts were predicting an apocalyptic economic downturn that could potentially rattle the U.S. economy for a long time ahead. They immediately began to compare it to the fantastic Depression of a hundred years ago. Half a year later, the economy is wanting to stabilize, but it is obvious...
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With over 90% of Americans now under a shelter-in-place order, many experts are warning that the American economy is heading toward a recession, if it’s not {in a single} already. What does {which means that} to the residential real estate market? What {is really a} recession? According to the National Bureau of Economic Research: “A recession {is really a} significant decline in economic...
There’s a lot of anxiety right now regarding the coronavirus pandemic. The health situation must be addressed quickly, and many are concerned about the impact on the economy as well. Amidst all this anxiety, anyone with a megaphone – from the mainstream media to a lone blogger – has realized that bad news sells. Unfortunately, we will continue to see a rash of horrifying headlines over the next...
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When buying a home, we all want to feel like we’re making the right decision, paying a fair price, and making the best investment of our lives. According to a recent gender-based study, men and women can unknowingly walk away with very different financial outcomes when the deal closes. Thankfully, if you follow some simple ways to arm yourself with the information you need to prepare in advance,...
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Some Highlights: Whether {taking advantage of} job opportunities, affordability, {or even|or perhaps} warm-weather {locations|areas|spots} to retire, {People in america|Us citizens} are making {techniques|movements} to these top {towns|metropolitan areas|urban centers|locations|places} to {make use of the} strength {in today's} housing market. A strong economy and...
Some Highlights: {Buyers are {mixed up in} market {and frequently} competing {collectively} for available listings.|Buyers are {mixed up in} market and competing {collectively} for available listings {frequently|usually|generally|typically|normally}.} {Housing inventory {continues to be} {beneath the} 6-month supply {within} a normal {housing marketplace}.|Housing inventory is {beneath the} 6-month...
Some Highlights: The Federal Housing Finance {Company} (FHFA) {released their latest recently;}Quarterly Home {Cost} Index {statement|record|review|survey|document}. In the report, {home prices are compared both and by state regionally.} Based on {the most recent} numbers, {{in the event that you} plan on relocating {to some other} state,|{in the event that you} plan on...
We’re halfway with the year, and with a decline within interest rates as well as home price and wage appreciation, many are wondering what the experts predict for the second half 2019. Here’s what some say: Danielle Hale, Main Economist at realtor. com “Lower mortgage rates, higher wages and more homes for sale have helped...
Shifting trends and industry-leading analysis are pointing toward some beneficial projections about the status of the housing industry for the rest of the year. If you’re thinking of buying or selling, or even if you just want to know what experts are saying is on the horizon, here are the top 3 things to put on your radar even as we head into the coming months: Home...
Whether you are a first-time buyer or looking to move up to the home of your dreams, now is a great time to purchase a property. Here are three major reasons to purchase today. 1 . Affordability Many people focus solely on price when talking about home affordability. Since home prices have appreciated throughout the past year, they assume homes are less affordable. However...
If you’re currently hiring and have dreams of owning your own home, it could be a good time to think about your next move. Along with rent costs rising annually and many helpful down payment assistance programs available, homeownership may be closer than you realize. Based on the 2018 Bank of America Homebuyer Insights Review , 74% of renters plan on...
A few Highlights: Interest rates are projected to increase steadily heading into 2020. The greater your interest rate, the more money you can be paying for your home and the higher your own monthly payment will be. Rates are still low right now – do not wait until they hit 5% to start searching for your dream home! You...
With the recent lower rates of interest, many homeowners are wondering should they should refinance. To decide if refinancing is the best option for your family, start by thinking about these questions: Why do you want to refinance? There are many reasons to refinance, but here are three of the most common ones: Lower your interest rate and...
Over the last few years, many sellers have been hesitant to put their houses on the market because they terrifying not being able to find another home to buy. We’ve reported on inventory shortages in the past, plus it’s been a constant concern just for potential buyers throughout recent years. New research shows the inventory concern can be starting to decrease among...
More than 10% of all residential homes are purchased by investors, and that number continues to rise. Who are these investors? Many have got speculated that the large institutional conglomerates such as Blackstone, American Homes four Rent, and Colony Starwood rule investor purchases. However , a special survey on investor home buying by CoreLogic , Don’t Call it a...
Questions continue to come up about where home prices may head throughout the rest of this year, and also where they may be going over the few years beyond. We have gathered current data from the industry’s most reliable sources to help answer these questions: The Home Price Expectation Survey – A study of over 100 market experts, real estate experts, and...
