According 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
Is the Health Crisis Driving Buyers Out of Urban Areas?
The pandemic has caused consumers to re-examine the components that make up the “perfect home.” Many families are no longer comfortable with the locations and layouts of their existing homes. The allure of city life (more congested) seems to be giving way to either suburban or rural life (less congested).
Best Time to Sell? When Competition Is at an All-Time Low
In a recent survey of home sellers by Qualtrics, 87% of respondents said they were concerned their home won’t sell because of the pandemic and resulting economic recession. Of the respondents, 51% said they are “seriously worried.”
Are New Homes Going to Be Available to Buy This Year?
n 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
Taking Advantage of Homebuying Affordability in Today’s Market
Everyone is ready to buy a home at different times in their lives, and despite the health crisis, today is no exception. Understanding how affordability works
What Are Experts Saying About the Rest of 2020?
One 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
Pricing Your House to Sell this Season
Selling your home? How do you know how to price your home to make sure it sells? Take these tips to find the price is right.
Low Rates Keep Lenders Busy as Applications Continue to Gain
Demand saw 25 percent above ‘pre-pandemic levels’ as eager buyers entered the summer market during state re-openings. Redfin reported that purchase applications for mortgages had a nine-week consecutive gain by the end of June, making it the highest it’s been in 11 years
Homebuyers Could Move Market Despite Low Inventory. But Where are the Sellers?
Experts predicted a hot summer market as more buyers began to return to the market, even with historic lows in inventory. Last month, eager buyers acted fast
New Index Reveals Impact of COVID-19 on Real Estate
Earlier 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...
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Every month Tim shares important market trends and real estate news.
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