Housing Market Updates

Unemployment Report: No Need to Be Terrified

For Buyers, For Sellers, Housing Market Updates /

\"UnemploymentLast Friday, the Bureau of Labor Statistics (BLS) released its latest jobs report. It revealed that the economic shutdown made necessary by COVID-19 caused the unemployment rate to jump to 14.7%. Many anticipate that next month the percentage could be even higher. These numbers represent the extreme hardship so many families are experiencing right now. […]

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Will Home Values Appreciate or Depreciate in 2020?

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

\"WillWith the housing market staggered to some degree by the health crisis the country is currently facing, some potential purchasers are questioning whether home values will be impacted. The price of any item is determined by supply as well as the market’s demand for that item. Each month the National Association of Realtors (NAR) surveys […]

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Why Home Equity Is a Bright Spark in the Housing Market

For Sellers, Housing Market Updates /

\"WhyGiven how we have seen more unemployment claims than ever before over the past several weeks, fear is spreading widely. Some good news, however, shows that more than 4 million initial unemployment filers have likely already found a new job, especially as industries such as health care, food and grocery stores, retail, delivery, and more […]

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Confused About the Economic Recovery? Here’s Why.

For Buyers, For Sellers, Housing Market Updates /

\"ConfusedAs we continue to work through the health crisis that plagues this country, more and more conversations are turning to economic recovery. While we look for signs that we’ve reached a plateau in cases of COVID-19, the concern and fear of what will happen as businesses open up again is on all of our minds. […]

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Why the Housing Market Is a Powerful Economic Driver

For Buyers, For Sellers, Housing Market Updates /

\"WhyWith businesses starting to slowly open back up again in some parts of the country, it’s important to understand how housing can have a major impact on the recovery of the U.S. economy. As we’ve mentioned before, buying a home is a driving financial force in this process. Today, many analysts believe one of the […]

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Buying a Home Right Now: Easy? No. Smart? Yes.

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

\"BuyingThrough all the volatility in the economy right now, some have put their search for a home on hold, yet others have not. According to ShowingTime, the real estate industry’s leading showing management technology provider, buyers have started to reappear over the last several weeks. In the latest report, they revealed: “The March ShowingTime Showing […]

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Rise to the Top of the Pool by Selling Your House Today

For Sellers, Housing Market Updates, Pricing /

\"RiseWith the release of the latest Economic Pulse Flash Survey from the National Association of Realtors (NAR), results show that people selling their houses today are holding strong on price. According to the most recent data, 74% of real estate agents noted that sellers are not dropping listing prices to attract more buyers. Lawrence Yun, […]

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What Impact Might COVID-19 Have on Home Values?

For Sellers, Housing Market Updates /

\"WhatA big challenge facing the housing industry is determining what impact the current pandemic may have on home values. Some buyers are hoping for major price reductions because the health crisis is straining the economy. The price of any item, however, is determined by supply and demand, which is how many items are available in […]

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