For Sellers

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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A Historic Rebound for the Housing Market

For Buyers, For Sellers, Housing Market Updates /

\"APending Home Sales increased by 44.3% in May, registering the highest month-over-month gain in the index since the National Association of Realtors (NAR) started tracking this metric in January 2001. So, what exactly are pending home sales, and why is this rebound so important? According to NAR, the Pending Home Sales Index (PHS) is: “A […]

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Are New Homes Going to Be Available to Buy This Year?

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

\"AreIn today’s economy, everyone seems to be searching for signs that a recovery is coming soon. Many experts agree that it may actually already be in motion or will be starting by the 3rd quarter of this year. With the housing market positioned to lead the way out of this recession, builder confidence might be […]

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What Are Experts Saying About the Rest of 2020?

For Buyers, For Sellers, Housing Market Updates /

\"WhatOne of the biggest questions on everyone’s minds these days is: What’s going to happen to the housing market in the second half of the year? Based on recent data on the economy, unemployment, real estate, and more, many economists are revising their forecasts for the remainder of 2020 – and the outlook is extremely encouraging. […]

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New Index Reveals Impact of COVID-19 on Real Estate

For Buyers, For Sellers, Housing Market Updates /

\"NewEarlier this month, realtor.com/ announced the release of their initial Housing Recovery Index, a weekly guide showing how the pandemic has impacted the residential real estate market. The index leverages a weighted average of four key components of the housing industry, tracking each of the following: Housing Demand – Growth in online search activity Home […]

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Should We Be Looking at Unemployment Numbers Differently?

For Buyers, For Sellers /

\"ShouldThe New York Times recently ran an article regarding unemployment titled: Don’t Cheer Too Soon. Keep an Eye on the Core Jobless Rate. The piece suggests we should look at unemployment numbers somewhat differently. The author of the article, Jed Kolko, is a well-respected economist who is currently the Chief Economist at Indeed, the world’s […]

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What Are the Experts Saying About Future Home Prices?

For Buyers, For Sellers, Pricing /

\"WhatA worldwide pandemic and an economic recession have had a tremendous effect on the nation. The uncertainty brought about by both has made predicting consumer behavior nearly impossible. For that reason, forecasting home prices has become extremely difficult. Normally, there’s a simple formula to determine the future price of any item: calculate the supply of […]

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Homebuyers Are in the Mood to Buy Today

First Time Home Buyers, For Buyers, For Sellers, Housing Market Updates, Interest Rates, Move-Up Buyers /

\"HomebuyersAccording to the latest FreddieMac Quarterly Forecast, mortgage interest rates have fallen to historically low levels this spring and they’re projected to remain low. This means there’s a huge incentive for buyers who are ready to purchase. And homeowners looking for eager buyers can take advantage of this opportune time to sell as well. There’s […]

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