It might seem hard to assume that the house you’re in today - whether it’s your starter house or simply one you’ve fallen deeply in love with on the way - is probably not your forever home. A lot of needs have changed within 2020, and it’s alright to admit if your home no longer matches your lifestyle. If you’re today remotely working, facilitating virtual school, attempting to exercise at...
The number of houses for sale today is significantly lower than the high buyer activity in the current housing market. According to Lawrence Yun, Chief Economist for the National Association of Realtors (NAR): “There is no shortage of hopeful, potential buyers, but inventory is historically low.” When the demand for homes is higher than what’s available for sale, it’s a great time for...
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 -...
Some Highlights Buyers are trying to find and purchasing homes in a record-breaking tempo actively. Based on the latest review from the Nationwide Association of Realtors (NAR), july in, 68% of homes were available for under a month. day to pending purchase within an average of just 22 times With homes moving from listing, it’s an enjoyable experience to sell a residence. Let’s connect today...
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...
Last week,|week -- Ending OF URL SHORTENER Press button --> Last,} the National Association of House Builders (NAHB) reported their Housing Market Index (HMI) hit an all-time high on the 35-year history of the series with a score of 83. The index gauges builder perceptions of present single-family home purchase and sales objectives for another six months, plus the traffic of prospective customers of new...
There has been {very much|significantly|substantially} talk {round the} possibility that Americans are feeling less enamored with {the advantages of} living in {a big} city and now {could be} {desiring} the open {areas|places} that suburban and rural areas provide. In {a recently available} {Real estate agent} Magazine article, {they discussed {the problem} and addressed comments {created by} Lawrence...
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...
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...
Some Highlights: According to the US Census Bureau, “millennials” are defined as 18-36-year-olds. According to NAR’s latest Profile of Home Customers & Sellers , the median age of all first-time home buyers can be 32. More and more “old millennials” (25-36) are realizing that homeownership is within their...
The Federal Reserve Bank (The Fed) lately released their 2019 Survey of Consumer Expectations Casing Survey . The survey documented that 65% of Americans think homeownership is a good financial investment. Given that 2014, the percentage has increased by over nine percent. The Fed’s survey also showed that when the results are broken down by age, training,...
Homes priced at the top 25% of the price range for any particular area of the country are considered “premium homes. ” In today’s real estate market, there are deals to be had at the higher end! This is great news for homeowners attempting to upgrade from their current house. Much of the particular demand for housing over the past couple of years has come from...
The housing turmoil of the last decade was partly caused by unhealthy levels of mortgage financial debt. Homeowners were using their homes as ATMs by refinancing and swapping their equity for cash. When prices started to fall, many homeowners found themselves in a negative equity circumstance (where their mortgage was greater than the value of their home). As a result, they walked...
