October 2020

Three Ways Low Inventory Is a Win for Sellers

For Sellers, Housing Market Updates, Pricing /

\"ThreeThe 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 […]

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Buyer Interest Is Growing among Younger Generations

Demographics, First Time Home Buyers, For Buyers, Gen Z, Generation X, Interest Rates, Millennials, Move-Up Buyers /

\"BuyerThe 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 […]

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How Down Payment Assistance Opens the Door to Homeownership

Buying Myths, Down Payments, First Time Home Buyers, For Buyers, Move-Up Buyers /

\"HowMany 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 […]

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Two Important Impacts of Home Equity

For Buyers, For Sellers, Move-Up Buyers, Pricing /

\"TwoEquity continues to rise, helping American homeowners secure a much more stable financial future. According to the most recent data from CoreLogic, the average homeowner gained $9,800 in equity over the past year. In addition, experts project 2020 home prices to continue rising. With prices going up, equity gains will also keep accelerating. Black Knight […]

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Why Today’s Options Will Save Homeowners from Foreclosure

Distressed Properties, Foreclosures, Housing Market Updates /

\"WhyMany housing experts originally voiced concern that the mortgage forbearance program (which allows families impacted financially by COVID to delay mortgage payments to a later date) could lead to an increase in foreclosures when forbearances end. Some originally forecasted that up to 30% of homeowners would choose to enter forbearance. Less than 10% actually did, […]

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Americans Are Gaining Confidence in the Economy

For Buyers, For Sellers, Housing Market Updates /

\"AmericansThe September Jobs Report issued by the Bureau of Labor Statistics reported that the unemployment rate dropped to 7.9%. Though that percentage is well below what experts projected earlier this year, it still means millions of people are without work. There’s no way to minimize the tremendous impact this pandemic-induced recession continues to have on […]

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Real Estate Continues to Show Unprecedented Strength This Year

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

\"RealThe 2020 housing market has surpassed all expectations and continues to drive the nation’s economic recovery. The question is, will this positive trend continue throughout the rest of the year, especially given the uncertainty around the current health crisis, the upcoming election, and more? Here’s a look at what several industry-leading experts have to say. […]

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