Housing Market Updates | The Paradigm Realty Group

Looking to the Future: What the Experts Are Saying

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

$\"Looking$ As our lives, our businesses, and the world we live in change day by day, we’re all left wondering how long this will last. How long will we feel the effects of the coronavirus? How deep will the impact go? The human toll may forever change families, but the economic impact will rebound with a […]

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Why the Stock Market Correction Probably Won’t Impact Home Values

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

$\"Why$ With the housing crash of 2006-2008 still visible in the rear-view mirror, many are concerned the current correction in the stock market is a sign that home values are also about to tumble. What’s taking place today, however, is nothing like what happened the last time. The S&P 500 did fall by over fifty percent […]

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Economic Slowdown: What the Experts Are Saying

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

$\"Economic$ More and more economists are predicting a recession is imminent as the result of the pullback in the economy caused by COVID-19. According to the National Bureau of Economic Research: “A recession is a significant decline in economic activity spread across the economy, lasting more than a few months, normally visible in real GDP, real […]

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Are We About to See a New Wave of Foreclosures?

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

$\"Are$ With all of the havoc being caused by COVID-19, many are concerned we may see a new wave of foreclosures. Restaurants, airlines, hotels, and many other industries are furloughing workers or dramatically cutting their hours. Without a job, many homeowners are wondering how they’ll be able to afford their mortgage payments. In spite of this, […]

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Three Reasons Why This Is Not a Housing Crisis

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

$\"Three$ In times of uncertainty, one of the best things we can do to ease our fears is to educate ourselves with research, facts, and data. Digging into past experiences by reviewing historical trends and understanding the peaks and valleys of what’s come before us is one of the many ways we can confidently evaluate any […]

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New Homes Coming to the Housing Market This Year

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

$\"New$ The number of building permits issued for single-family homes is the best indicator of how many newly built homes will begin to come to market over the next few months. According to the latest U.S. Census Bureau and U.S. Department of Housing & Urban Development Residential Construction Report, the number of building permits issued in January was 1,551,000. This is a […]

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Real Estate Is Soaring, But Not Like 2008

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

$\"Real$ Unlike last year, the residential real estate market kicked off 2020 with a bang! In their latest Monthly Mortgage Monitor, Black Knight proclaimed: “The housing market is heating entering 2020 and recent rate declines could continue that trend, a sharp contrast to the strong cooling that was seen at this same time last year.” Zillow […]

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Thinking of Selling? Now May Be the Time.

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

$\"Thinking$ The housing market has started off much stronger this year than it did last year. Lower mortgage interest rates have been a driving factor in that change. The average 30-year rate in 2019, according to Freddie Mac, was 3.94%. Today that rate is closer to 3.5%. The Census Bureau also just reported the highest homeownership […]

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Opportunity in the Luxury Market This Year

For Buyers, Housing Market Updates, Luxury Market, Move-Up Buyers / Ajeenah Crittendon

$\"Opportunity$ Homes priced in the top 25% of a price range for a particular area of the country are considered “premium homes.” At the start of last year, many of the more expensive homes listed for sale hadn’t seen as much interest, since much of the demand for housing over the past few years has come from […]

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The #1 Reason to List Your House Right Now

For Sellers, Housing Market Updates / Ajeenah Crittendon

$\"The$ The success of the U.S. residential real estate market, like any other market, is determined by supply and demand. This means we need to look at how many potential purchasers are in the market versus the number of houses that are available to buy. With early 2020 housing data now rolling in, it’s quite evident […]

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