While many areas of the economy have contracted, the housing market has stayed remarkably strong. But can the good news last? Is the real estate market going to crash? When COVID-related shutdowns began in March 2020, real estate brokers and clients scrambled to respond to the shift. Record-low interest rates caused some lenders to call a halt to new … [Read more...] about Is the Real Estate Market Going to Crash?
In July, the average 30-year fixed-rate mortgage fell below 3% for the first time in history.1 And while many Americans have rushed to take advantage of this unprecedented opportunity, others question the hype. Are today’s rates truly a bargain? While average mortgage rates have drifted between 4% and 5% in recent years, they haven’t always been so … [Read more...] about Lowest Mortgage Rates in History: What It Means for Homeowners and Buyers
Traditionally, spring is one of the busiest times of the year for real estate. However, the coronavirus outbreak—and subsequent stay-at-home orders—led many buyers and sellers to put their moving plans on hold. In April, new listings fell nearly 45%, and sales volume fell 15% compared to last year.1 Fortunately, as restrictions have eased, we’ve seen an … [Read more...] about Is Now a Good Time to Buy or Sell Real Estate Under the COVID-19 Shadow ?
Whether you’re planning a simple refresh or a full-scale renovation, it’s important to stay up-to-date on the latest trends in home design. Below are the Top 5 Home Design Trends for a New Decade. Sellers who make tasteful updates can generate increased buyer interest and, in some cases, a premium selling price. And buyers should consider which features of a … [Read more...] about Top 5 Home Design Trends for a New Decade
2020 Outlook: Real Estate Market Forecast We’re in the midst of the longest economic expansion in U.S. history, and economists think there’s still room to grow. A recent survey by the National Association for Business Economics found that experts believe the U.S. economy will remain positive throughout 2020.1 What does that mean for the 2020 Outlook: Real … [Read more...] about 2020 Outlook: Real Estate Market Forecast
Technology is changing the way we do almost everything, and real estate transactions are no exception. In fact, a new crop of tech companies wants to revolutionize the way we buy and sell homes. iBuyer startups like Opendoor, Offerpad, and Properly are rapidly expanding into new territories, and now established players, like Zillow, are starting to … [Read more...] about Everything You Need to Know About iBuyers and the “Instant Cash Offer”
National Snapshot: What’s Ahead for Real Estate? The U.S. unemployment rate is at a 50-year low, and consumer confidence remains high. In fact, the University of Michigan’s latest Surveys of Consumers found that Americans have their most positive personal finance outlook since 2003.1 However, if you follow national news, you’ve probably heard … [Read more...] about National Snapshot: What’s Ahead for Real Estate?
In our “bigger is better” culture, there’s an expectation that each home should be larger and grander than the last. But life changes like divorce, kids leaving for college, or even the simple act of growing older can prompt us to find a smaller home that better suits our shifting needs and lifestyle. I know all too well. In May, Laura & I decided … [Read more...] about 5 Step Strategies for Downsizing Your Home