Housing Market Updates | The Paradigm Realty Group

3 Reasons to Be Optimistic about Real Estate in 2021

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

$\"3$ This year will be remembered for many reasons, and optimism is one thing that’s been in short supply since the spring. We’re experiencing a global pandemic, social unrest, an economic downturn, and natural disasters, just to name a few. The challenges brought on by the health crisis have also forced many homeowners to reevaluate their […]

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The Holidays Aren’t Stopping Homebuyers This Year

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

$\"The$ Black Friday and Cyber Monday are behind us, yet finding the perfect holiday gifts for friends and family is certainly still top of mind for many right now. This year, there’s another type of buyer that’s very active this holiday season – the homebuyer. Each month, ShowingTime releases their Showing Index which tracks the average number of appointments received […]

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5 Steps to Follow When Applying for Forbearance

Distressed Properties, For Buyers, For Sellers, Foreclosures, Housing Market Updates / Ajeenah Crittendon

$\"5$ If you’re currently feeling the stress of affording your mortgage payment, or if you know someone who is, there’s still time to get help. For homeowners experiencing financial hardship this year, the CARES Act provides mortgage payment deferral options, creating much-needed relief in these challenging times. It’s important, however, to understand how forbearance works. It’s […]

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Why It Makes Sense to Sell Your House This Holiday Season

For Sellers, Housing Market Updates, Move-Up Buyers, Pricing, Selling Myths / Ajeenah Crittendon

$\"Why$ If you’re one of the many homeowners thinking about taking your house off the market for the holidays, hang on. You definitely don’t want to miss the great selling opportunity you have right now. Here’s why this month is the optimal time to make sure your house is available for holiday buyers. The latest Existing Home […]

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Are Home Prices Headed Toward Bubble Territory?

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

$\"Are$ Talk of a housing bubble is beginning to crop up as home prices have appreciated at a rapid pace this year. This is understandable since the appreciation of residential real estate is well above historic annual averages. According to the Federal Housing Finance Agency (FHFA), annual appreciation since 1991 has averaged 3.8%. Here are the […]

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An Honest Look at Unemployment Numbers

For Buyers, For Sellers, Housing Market Updates / Ajeenah Crittendon

$\"An$ Last Friday, the Bureau of Labor Statistics released the November Jobs Report. It revealed that, though headed in the right direction, the nation’s job recovery has slowed. The consensus reaction is best exemplified by a quote from Glassdoor Senior Economist, Daniel Zhao: “We saw positive job gains, but I think the sentiment is largely negative […]

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How Remote Work Can Power Your Vacation Home Sale

For Sellers, Housing Market Updates, Luxury Market / Ajeenah Crittendon

$\"How$ This year, the opportunity to work remotely has increased the demand for vacation homes. Gay Cororaton, Senior Economist and Director of Housing and Commercial Research at the National Association of Realtors (NAR), notes: “Working from home is a positive factor in demand for vacation homes.” Buyers are taking advantage of the fact that working from […]

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A New Way to Shop for Homes in a Virtual World

Buying Myths, For Buyers, For Sellers, Housing Market Updates, Selling Myths / Ajeenah Crittendon

$\"A$ In a year when we’re learning to do so much remotely, homebuying is no exception. From going to work to attending school, grocery shopping, and even seeing our doctors online, digital practices have changed the way we live. This year, rather than delaying their home purchases, buyers – alongside their trusted real estate professionals – […]

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With Home Values Surging, Is it Still Affordable to Buy Right Now?

For Buyers, For Sellers, Housing Market Updates, Interest Rates, Pricing / Ajeenah Crittendon

$\"Housing$ Housing inventory is at an all-time low. Realtor.com just reported that there are 39% fewer homes for sale today than there were last year. At the same time, buyer demand remains strong. In a recent newsletter, research analyst Ivy Zelman explained: “Although the headwind of severe supply constraints in most markets has contributed to slight […]

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Chances of Another Foreclosure Crisis? “About Zero Percent.”

Distressed Properties, For Sellers, Foreclosures, Housing Market Updates / Ajeenah Crittendon

$\"Chances$ There seems to be some concern that the 2020 economic downturn will lead to another foreclosure crisis like the one we experienced after the housing crash a little over a decade ago. However, there’s one major difference this time: a robust forbearance program. During the housing crash of 2006-2008, many felt homeowners should be forced […]

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