Today's housing market is booming and the demand for homes for sale is increasing. The current market is definitely a seller's market. From low mortgage rates to bidding wars, buyers are frantically flooding the market. Below are four great reasons why fall is the best time to sell your home. As mentioned earlier, buyers are actively looking for a new home. ShowTime, a leading real estate showing...
Relocating can be a huge life-changing event, whether moving to another city, state, or country. Hiring a Realtor to find a new home in a new area saves you time and takes away some of the stress of this life-changing event. If you are looking to relocate, here are 5 reasons why you should hire a Realtor. First off, Realtors are insightful when it comes to the area they work in. Realtors are familiar...
The National Association of Realtors (NAR) released data confirming that July's existing-home sales hit another record increase. This boost is encouraged by the record low mortgage rates. According to NAR, single-family homes, townhomes, condominiums and co-ops existing home sales were up 24.7% to a seasonally adjusted annual rate of 5.86 million during the month of July. This is the largest and highest...
Multiple offers have become more common in the current housing market. According to the National Association of Home Builders NAHB's Housing Trends Report, 59% of home buyers that were in the process of purchasing a home in the second quarter of 2020 had spent as much as 3 months searching for a home. In the report, it was found that a number of these buyers were confronted with multiple offers on the same...
Coronavirus has made virtual showings, purchases and sales of homes a must. FaceTime and Zoom are the new avenues for showing homes as well as 3-D modeling technology that allows potential homebuyers to digitally walk through a home. This technology has been out there for several years, however, it has not been used as much until the pandemic shutdown. These technology tools such as virtual...
During the current health crisis, 53% of homebuyers still want to purchase a home within a year. Lending Tree recently conducted a survey asking over 1,000 prospective buyers why they are planning to purchase in the next year. The survey revealed several key factors that are encouraging homebuyers to purchase amid the pandemic. The most obvious, are the low mortgage rates which enable many potential...
Some good news that will come out of the prolonged shutdown from the coronavirus will be mortgage rates falling below 3% this fall. The economic rebound will depend on how long the coronavirus will keep the country shut down. “Looking forward, while rates may rise from week to week, we expect the overall trend to be downward, with rates sliding below 3 percent by the end of 2020,” said Danielle...
According to the current NAHB/Wells Fargo Housing Market Index (HMI) builder confidence is up for newly-built single-family homes to 37, a seven-point increase, this month. The confidence stems from the slow but steady stabilizing and rising of the housing market among the COVID-19 crisis. “The fact that most states classified housing as an essential business during this crisis helped to keep many...
House hunting can be stressful and complicated even in a nonstressful environment but it is even more taxing in today's current pandemic. Now that the country is under a shelter-in-place order many a wondering if it is safe to start on an adventure of buying a home. Luckily the real estate industry is always evolving, so adapting to things such as a safe social distance or remote showings comes easy. If...
There is a first time for everything, and it is usually exciting and scary all rolled up into one. Buying a house for the first time is one of those times. Once you decide to buy a home, there are so many other factors to consider. Here you will find five things to consider when purchasing your first home. To afford the house of your dreams, most Americans choose to take out a mortgage. For first...
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