July 2020

Does Your Home Have What Buyers Are Looking For?

For Sellers, Move-Up Buyers /

\"DoesThere’s great opportunity for today’s homeowners to sell their houses and make a move, yet due to the impact of the ongoing health crisis, some sellers are taking their time coming back to the market. According to Javier Vivas, Director of Economic Research at realtor.com/: “Sellers continue returning to the market at a cautious pace […]

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Mortgage Rates Hit Record Lows for Three Consecutive Weeks

First Time Home Buyers, For Buyers, Interest Rates, Move-Up Buyers /

\"MortgageOver the past several weeks, Freddie Mac has reported the average 30-year fixed mortgage rate dropping to record lows, all the way down to 3.03%. Last week’s reported rate reached the lowest point in the history of the survey, which dates back to 1971 (See graph below): What does this mean for buyers? This is […]

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What Are Experts Saying about Home Prices?

For Buyers, For Sellers, Housing Market Updates, Pricing /

\"WhatLast week, a very well-respected real estate analytics firm surprised many with their home price projection for the next twelve months. CoreLogic, in their latest Home Price Index said: “The economic downturn that started in March 2020 is predicted to cause a 6.6% drop in the HPI by May 2021, which would be the first […]

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Buyers: Are You Ready for a Bidding War?

First Time Home Buyers, For Buyers, Move-Up Buyers /

\"Buyers:With businesses reopening throughout the country and some experts indicating early signs of a much-anticipated economic recovery, more homebuyers are actively entering the housing market this summer. Today, housing is truly driving the U.S. economy forward. With so many buyers looking for homes to purchase and so few houses for sale right now, there’s a […]

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Americans Rank Real Estate Best Investment for 7 Years Running [INFOGRAPHIC]

First Time Home Buyers, For Buyers, Infographics /

\"Americans

Some Highlights

  • Real estate has outranked stocks, savings accounts, and gold as the best long-term investment among Americans for the past 7 years.
  • The belief in the stability of housing as a long-term investment remains strong, despite the many challenges our economy faces today.
  • Of the four listed, real estate is also the only investment you can also live in. That’s a big win!

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Best Time to Sell? When Competition Is at an All-Time Low

For Sellers /

\"BestIn a recent survey of home sellers by Qualtrics, 87% of respondents said they were concerned their home won’t sell because of the pandemic and resulting economic recession. Of the respondents, 51% said they are “seriously worried.” That concern seems reasonable considering the current condition of the economy. The data, however, is showing that home […]

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Taking Advantage of Homebuying Affordability in Today’s Market

First Time Home Buyers, For Buyers, Interest Rates, Move-Up Buyers /

\"TakingEveryone is ready to buy a home at a different time in their lives, and a health crisis or not, today is no exception. Understanding how affordability works and the main market factors that impact it may help those who are ready to buy a home narrow down their optimal window of time to make […]

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Latest Unemployment Report: Great News…for the Most Part

For Buyers, For Sellers, Housing Market Updates /

\"LatestThe Bureau of Labor Statistics (BLS) released their latest Employment Situation Summary last Thursday, and it again beat analysts’ expectations in a big way. The consensus was for 3,074,000 jobs to be added in June. The report revealed that 4,800,000 jobs were added. The unemployment rate fell to 11.1% from 13.3% last month. Again, excellent […]

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