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Monthly Archives: July 2020

    Home Sales Hit a Record-Setting Rebound

    By Taylor Swanson | July 27, 2020

    With a worldwide health crisis that drove a pause in the economy this year, the housing market was greatly impacted. Many have been eagerly awaiting some bright signs of a recovery. Based on the latest Existing Home Sales Report from the National Association of Realtors (NAR), June hit a much-anticipated record-setting rebound to ignite that... Read More

    Thinking of Selling Your House? Now May be the Right Time

    By Taylor Swanson | July 24, 2020

    Inventory is arguably the biggest challenge for buyers in today’s housing market. There are simply more buyers actively looking for homes to purchase than there are sellers selling them, so the scale is tipped in favor of the sellers. According to the latest Existing Home Sales Report from the National Association of Realtors (NAR), total... Read More

    Buyers: Are You Ready for a Bidding War?

    By Taylor Swanson | July 14, 2020

    With businesses reopening throughout the country and some experts indicating early signs of a much-anticipated economic recovery, more homebuyers are actively entering the housing market this summer. Today, housing is truly driving the U.S. economy forward. With so many buyers looking for homes to purchase and so few houses for sale right now, there’s a... Read More

    Not All Agents Are Created Equal

    By Taylor Swanson | July 11, 2020

    In today’s fast-paced world where answers are just a Google search away, there are some who may question the benefits of hiring a real estate professional when selling a house. The reality is, the addition of more information can lead to more confusion. A real estate agent can be your essential guide, but truth be... Read More

    Best Time to Sell? When Competition Is at an All-Time Low

    By Taylor Swanson | July 9, 2020

    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.” That concern seems reasonable considering the current condition of the economy. The data, however, is showing that home... Read More

    Taking Advantage of Homebuying Affordability in Today’s Market

    By Taylor Swanson | July 8, 2020

    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 and the main market factors that impact it may help those who are ready to buy a home narrow down their optimal window of time to make a purchase.... Read More

    Is the Health Crisis Driving Buyers Out of Urban Areas?

    By Taylor Swanson | July 5, 2020

    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). The fascination with an open... Read More

    A Historic Rebound for the Housing Market

    By Taylor Swanson | July 3, 2020

    Pending Home Sales increased by 44.3% in May, registering the highest month-over-month gain in the index since the National Association of Realtors (NAR) started tracking this metric in January 2001. So, what exactly are pending home sales, and why is this rebound so important? According to NAR, the Pending Home Sales Index (PHS) is: “A... Read More

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

    By Taylor Swanson | July 1, 2020

    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... Read More