Inventory is a huge struggle for quite a while, and the problem is compounded by the ongoing coronavirus pandemic. As outlined by realtor.com®’s December Housing Report, the number of homes for sale recently reached an all-time low, hitting below 700,000 for the first time after dropping 39.6% ... » Learn More about December 2020 Housing Report
Home Ownership
Homes Usually Sell for Less in Dec. – however, not This Year
The pandemic tossed traditional “best time of year to buy a home” advice out the window. This year, low inventory and strong demand continue to drive the market. With low housing inventories and high buyer demand, home sellers are expected to continue to command higher home prices this winter - an ... » Learn More about Homes Usually Sell for Less in Dec. – however, not This Year
Forbearance Loans May Never Be Foreclosed
If forbearance works as intended, homeowners are only going to re-start payments when jobs return, and their homes won't ever go into foreclosure. COVID-19 is considered the wild card. Forbearance Loans May Never Be Foreclosed The Mortgage Bankers Association’s (MBA) latest ... » Learn More about Forbearance Loans May Never Be Foreclosed
Buyers want these 4 Attributes in Homes
Nearing the end of a bizarre year, home buyers have changing needs for their new spaces. Sellers, take notice. Over the past six months, the course of daily life has greatly changed and, with COVID-19 still present as autumn approaches, home buyers’ desires have shifted accordingly. 4 ... » Learn More about Buyers want these 4 Attributes in Homes
Bidding Wars Could Continue This Fall
As pent-up demand from the spring compounded to produce one of the busiest summers for residential real estate on record, the demand is promising to spill over into the fall months. Bidding Wars may still be around for awhile. “Normally, my brokerage’s sales start to dip after September, and we ... » Learn More about Bidding Wars Could Continue This Fall