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Monthly Archives: June 2020

    What Are Experts Saying About the Rest of 2020?

    By Taylor Swanson | June 29, 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 on the economy, unemployment, real estate, and more, many economists are revising their forecasts for the remainder of 2020 – and the outlook is extremely encouraging.... Read More

    New Index Reveals Impact of COVID-19 on Real Estate

    By Taylor Swanson | June 25, 2020

    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 industry, tracking each of the following: Housing Demand – Growth in online search activity Home... Read More

    What Are the Experts Saying About Future Home Prices?

    By Taylor Swanson | June 24, 2020

    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... Read More

    Homebuyers Are in the Mood to Buy Today

    By Taylor Swanson | June 23, 2020

    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 to purchase. And homeowners looking for eager buyers can take advantage of this opportune time to sell as well. There’s a... Read More

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

    By Taylor Swanson | June 23, 2020

    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 analysis shows U.S.... Read More

    Is the Economic Recovery Already Underway?

    By Taylor Swanson | June 21, 2020

    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 the coronavirus pandemic.” Clearly, the... Read More

    Three Reasons Homebuyers Are Ready to Purchase This Year

    By Taylor Swanson | June 20, 2020

    A recent survey by Lending Tree tapped into behaviors of over 1,000 prospective buyers. The results indicated 53% of all homebuyers are more likely to buy a home in the next year, even amid the current health crisis. The survey further revealed why, naming several reasons buyers are more likely to move this year (see graph below):Let’s break down why these are... Read More

    Real Estate Tops Best Investment Poll for 7th Year Running

    By Taylor Swanson | June 15, 2020

    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 the most favored investment to Americans,... Read More

    Are You Ready for the Summer Housing Market?

    By Taylor Swanson | June 13, 2020

    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... Read More

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

    By Taylor Swanson | June 11, 2020

    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 other indicators. A recession begins when... Read More