Monthly Archives: June 2020
A Housing Forecast for the Rest of 2020
What Are Experts Saying About the Rest of 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... Read More
Real Estate Impact of COVID
New Index Reveals Impact of COVID-19 on Real Estate 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:... Read More
Home Prices: Up or Down?
What Are the Experts Saying About Future Home Prices? 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... Read More
Tip Tuesday: Make Small Improvements to Have a Large Impact: 4/5
A first impression is everything. When a prospective buyer sees the first picture of your home or drives into your driveway, there’s an immediate impression and “feeling” that they have. Is it excitement? Warmth? Being impressed? Or is it doubtful? Skeptical? Are they already creating a list of things that are wrong? Your curb appeal and... Read More
Home Equity is Growing Year over Year!
Want to Make a Move? Homeowner Equity is Growing Year-Over-Year 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... Read More
Recession – Yes; Housing Crash – No!
Is a Recession Here? Yes. Does that Mean a Housing Crash? No. 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... Read More
Real Estate Investing Tops Again
Real Estate Tops Best Investment Poll for 7th Year Running 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... Read More