Housing Market Updates

Why This Is Not Like 2008 Again

For Buyers, For Sellers, Housing Market Updates /

\"WhyDuring the Great Recession, just over a decade ago, the financial systems the world depended on started to collapse. It created a panic that drove some large companies out of business (ex. Lehman Brothers) and many more into bankruptcy. The financial crisis that accompanied the current pandemic caused hardship to certain industries and hurt many […]

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Home Price Appreciation Is as Simple as Supply and Demand

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

\"HomeHome price appreciation continues to accelerate. Today, prices are driven by the simple concept of supply and demand. Pricing of any item is determined by how many items are available compared to how many people want to buy that item. As a result, the strong year-over-year home price appreciation is simple to explain. The demand […]

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Buying a Home Is Still Affordable

Buying Myths, First Time Home Buyers, For Buyers, Housing Market Updates, Interest Rates, Pricing, Rent vs. Buy /

\"BuyingThe last year has put emphasis on the importance of one’s home. As a result, some renters are making the jump into homeownership while some homeowners are re-evaluating their current house and considering a move to one that better fits their current lifestyle. Understanding how housing affordability works and the main market factors that impact […]

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Where Do Experts Say the Housing Market Is Heading?

For Buyers, For Sellers, Housing Market Updates, Interest Rates /

\"WhereAs we enter the middle of 2021, many are wondering if we’ll see big changes in the housing market during the second half of this year. Here’s a look at what some experts have to say about key factors that will drive the industry and the economy forward in the months to come. realtor.com “. […]

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Sellers Are Ready To Enter the Housing Market

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

\"SellersOne of the biggest questions in real estate today is, “When will sellers return to the housing market?” An ongoing shortage of home supply has created a hyper-competitive environment for hopeful buyers, leading to the ultimate sellers’ market. However, as the economy continues to improve and more people get vaccinated, more sellers may finally be […]

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Americans See Real Estate as a Better Investment Than Stocks or Gold

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

\"AmericansLast month, in a post on the Liberty Street Economics blog, the Federal Reserve Bank of New York noted that Americans believe buying a home is definitely or probably a better investment than buying stocks. Last week, a Gallup Poll reaffirmed those findings. In an article on the current real estate market, Gallup reports: “Gallup […]

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Your House Could Be the Oasis in an Inventory Desert

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

\"YourHomebuyers are flooding the housing market right now to take advantage of record-low mortgage rates. Many have a sense of urgency to find a home soon since experts forecast a steady rise in both rates and home prices this year and next. As a result, buyer demand greatly outweighs the current housing supply. Here’s how […]

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It’s Not Too Late To Apply For Forbearance

Distressed Properties, For Sellers, Foreclosures, Housing Market Updates, Selling Myths /

\"It’sOver the past year, the pandemic made it challenging for some homeowners to make their mortgage payments. Thankfully, the government initiated a forbearance program to provide much-needed support. Unless they’re extended once again, some of these plans and the corresponding mortgage payment deferral options will expire soon. That said, there’s still time to request assistance. […]

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