Are New Homes Going to Be Available to Buy This Year?

By |2020-06-30T03:00:01-07:00June 30th, 2020|Categories: For Buyers, For Sellers, Housing Market Updates, Move-Up Buyers, New Construction, Real Estate|

In 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 the 3rd quarter of this year. With the housing market positioned to lead the way out of this recession, builder confidence might be [...]

New Index Reveals Impact of COVID-19 on Real Estate

By |2020-06-25T03:00:17-07:00June 25th, 2020|Categories: For Buyers, For Sellers, Housing Market Updates, Real Estate|

Earlier this month, 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 industry, tracking each of the following: Housing Demand – Growth in online search activity Home [...]

What Are the Experts Saying About Future Home Prices?

By |2020-06-23T03:00:26-07:00June 23rd, 2020|Categories: For Buyers, For Sellers, Pricing, Real Estate|

A worldwide pandemic and an economic recession have had a tremendous effect on the nation. The uncertainty brought about by both has made predicting consumer behavior nearly impossible. For that reason, forecasting home prices has become extremely difficult. Normally, there’s a simple formula to determine the future price of any item: calculate the supply of [...]

Want to Make a Move? Homeowner Equity is Growing Year-Over-Year

By |2020-06-18T03:00:37-07:00June 18th, 2020|Categories: For Sellers, Move-Up Buyers, Real Estate|

One of the bright spots of the 2020 real estate market is the growth in equity homeowners are experiencing across the country. According to the recently released Homeowner Equity Insights Report from CoreLogic, in nearly every state there was a year-over-year first-quarter equity increase, averaging out to a 6.5% overall gain. The report notes: “CoreLogic [...]

Is the Economic Recovery Already Underway?

By |2020-06-17T03:00:06-07:00June 17th, 2020|Categories: For Buyers, For Sellers, Real Estate|

The Wall Street Journal just released their latest monthly Survey of Economists. In an article on the findings, they reported: “The U.S. economy will be in recovery by the third quarter of this year, economists said in a survey that also concluded the labor market will fare better than previously expected following the effects of [...]

Real Estate Tops Best Investment Poll for 7th Year Running

By |2020-06-15T03:00:26-07:00June 15th, 2020|Categories: First Time Home Buyers, For Buyers, Real Estate|

Every year, Gallup conducts a survey of Americans to determine their choice for the best long-term investment. Respondents are asked to select real estate, stocks/mutual funds, gold, savings accounts/CDs, or bonds. For the seventh year in a row, real estate has come out on top as the best long-term investment. Gallup explained: “Real estate remains [...]

Are You Ready for the Summer Housing Market?

By |2020-06-11T03:00:05-07:00June 11th, 2020|Categories: For Sellers, Housing Market Updates, Move-Up Buyers, Real Estate|

As the health crisis started making its way throughout our country earlier this spring, sellers have been cautious about putting their homes on the market. This hesitation stemmed primarily from fear of the spread of the coronavirus, and understandably so. This abundant caution has greatly impacted the number of homes for sale and slowed the [...]

Is a Recession Here? Yes. Does that Mean a Housing Crash? No.

By |2020-06-10T03:00:33-07:00June 10th, 2020|Categories: For Buyers, For Sellers, Housing Market Updates, Real Estate|

On Monday, the National Bureau of Economic Research (NBER) announced that the U.S. economy is officially in a recession. This did not come as a surprise to many, as the Bureau defines a recession this way: “A recession is a significant decline in economic activity spread across the economy, normally visible in production, employment, and [...]