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This year has proven old habits don’t always die hard. Many consumers are acting out of necessity with the new normal of a pandemic: urban dwellers are transitioning to suburbia and rural living, clients are buying quicker than usual, and desired features and needs are altering. What other shifts will 2020 bring?
Consumers and homeowners are taking advantage of some of the lowest rates the housing industry has seen in years. Real estate is expected to hold strong through to 2021 while mortgage rates are anticipated to stay low. These days, we’ve learned anything can happen.
Has August become the new peak month for Real Estate? Is it really a seller's market? If rates stay low, consumers will continue to buy and take advantage. If rates rise, it could shift a market that has held strong.
Respondents are asked to select real estate, stocks/mutual funds, gold, savings accounts/CDs, or bonds.
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
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).
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Every month Tim shares important market trends and real estate news.
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