September 2020

Where Are Home Values Headed Over the Next 12 Months?

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

\"WhereAs shelter-in-place orders were implemented earlier this year, many questioned what the shutdown would mean to the real estate market. Specifically, there was concern about home values. After years of rising home prices, would 2020 be the year this appreciation trend would come to a screeching halt? Even worse, would home values begin to depreciate? […]

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Housing Market on Track to Beat Last Year’s Success

For Buyers, For Sellers, Housing Market Updates /

\"HousingBack in March, as the nation’s economy was shut down because of the coronavirus, many were predicting the real estate market would face a major collapse. Some forecasts called for a 15-20% decline in transactions. However, six months later, it seems as though the housing market has fully recovered. Mark Fleming, Chief Economist at First […]

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Home Builder Confidence Hits All-Time Record

For Sellers, Housing Market Updates, Move-Up Buyers, New Construction /

\"HomeLast week, the National Association of Home Builders (NAHB) reported their Housing Market Index (HMI) hit an all-time high in the 35-year history of the series with a score of 83. The index gauges builder perceptions of current single-family home sales and sale expectations for the next six months, as well as the traffic of […]

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The Cost of a Home Is Far More Important than the Price

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

\"TheHousing inventory is at an all-time low. There are 39% fewer homes for sale today than at this time last year, and buyer demand continues to set records. Zillow recently reported: “Newly pending sales are up 25.5% compared to the same week last year, the highest year-over-year increase in the weekly Zillow database.” Whenever there […]

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Is the Economic Recovery Beating All Projections?

For Buyers, For Sellers, Housing Market Updates /

\"IsEarlier this year, many economists and market analysts were predicting an apocalyptic financial downturn that would potentially rattle the U.S. economy for years to come. They immediately started to compare it to the Great Depression of a century ago. Six months later, the economy is still trying to stabilize, but it is evident that the […]

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How Low Inventory May Impact the Housing Market This Fall

For Sellers, Housing Market Updates, Interest Rates, Move-Up Buyers, Pricing /

\"HowReal estate continues to be called the ‘bright spot’ in the current economy, but there’s one thing that may hold the housing market back from achieving its full potential this year: the lack of homes for sale. Buyers are actively searching for and purchasing homes, looking to capitalize on today’s historically low interest rates, but […]

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