The Cost of a Home Is Far More Important than the Price
Housing inventory is at an all-time low.
Entries by KCM Crew
Is the Economic Recovery Beating All Projections?
Earlier this year, many economists and market analysts were predicting an apocalyptic financial downturn that would potentially rattle the U.S. economy for years to come.
Homes Across the Country Are Selling Fast [INFOGRAPHIC]
![Homes Across the Country Are Selling Fast [INFOGRAPHIC] | Keeping Current Matters](https://files.keepingcurrentmatters.com/wp-content/uploads/2020/09/17165638/20200918-NM.jpg)
Some Highlights
- Buyers are actively searching for and purchasing homes at a record-breaking pace. According to the latest report from the National Association of Realtors (NAR), in July, 68% of homes were on the market for less than a month.
- With homes moving from listing day to pending sale in an average of just 22 days, it’s a great time to sell a house.
- Reach out to a local real estate professional today so you can make your move while buyers are scooping homes up faster than they’re coming to market.
How Low Inventory May Impact the Housing Market This Fall
Real estate continues to be called the ‘bright spot’ in the current economy, but there’s one thing that may hold the housing market back from achieving its full potential this year: the lack of homes for sale.
The Surging Real Estate Market Continues to Climb
Earlier this year, realtor.com announced the release of the Housing Recovery Index, a weekly guide showing how the pandemic has impacted the residential real estate market.
Is Now a Good Time to Move?
How long have you lived in your current home?
Two New Surveys Indicate Urban to Suburban Lean
There has been much talk around the possibility that Americans are feeling less enamored with the benefits of living in a large city and now may be longing for the open spaces that suburban and rural areas provide.
Virtual School Is Changing Homebuyer Needs [INFOGRAPHIC]
![Virtual School Is Changing Homebuyer Needs [INFOGRAPHIC] | Keeping Current Matters](https://files.keepingcurrentmatters.com/wp-content/uploads/2020/09/10150911/20200911-NM.jpg)
Some Highlights
- With remote learning sweeping the nation this academic year, organized spaces with enough room for kids to learn effectively are high on buyer wish lists.
- If you’re trying to make room for your family’s growing needs, multi-purpose rooms and dedicated workspaces may be features to consider in your next home.
- Reach out to a local real estate professional today so you can find a home where your kids feel confident and comfortable too.
Homebuyer Traffic Is on the Rise
One of the biggest surprises of 2020 is the resilience of the residential real estate market.
The Latest Unemployment Rate Fell to 8.4%
Last Friday, the Bureau for Labor Statistics released their Employment Report for August 2020.
Have You Ever Seen a Housing Market Like This?
The year 2020 will certainly be one to remember, with new realities and norms that changed the way we live.
Thank You, Essential Workers
To all essential workers on this Labor Day, thank you.
The 2020 Homebuyer Wish List [INFOGRAPHIC]
![The 2020 Homebuyer Wish List [INFOGRAPHIC] | Keeping Current Matters](https://files.keepingcurrentmatters.com/wp-content/uploads/2020/09/03161012/20200904-NM.jpg)
Some Highlights
- The word “home” is taking on a whole new meaning this year, and buyers are starting to look for new features as they re-think their needs and what’s truly possible.
- From more outdoor space to virtual classrooms for their children, buyers have a growing list of what they’d like to see in their homes.
- Reach out to a local real estate professional today if your needs have changed and your wish list is expanding too.
How Will the Presidential Election Impact Real Estate?
The year 2020 will be remembered as one of the most challenging times of our lives.
It’s Not Just About the Price of the Home
When most of us begin searching for a home, we naturally start by looking at the price.
Three Ways to Win in a Bidding War
With so few houses for sale today and low mortgage rates driving buyer activity, bidding wars are becoming more common.
The Cost of Renting Vs. Buying a Home [INFOGRAPHIC]
![The Cost of Renting Vs. Buying a Home [INFOGRAPHIC] | Keeping Current Matters](https://files.keepingcurrentmatters.com/wp-content/uploads/2020/08/27151806/20200828-NM-scaled.jpg)
Some Highlights
- The percentage of income needed to afford a median-priced home today is declining, while that for renting is on the rise.
- This is making buying a home an increasingly attractive option for many people, especially with low mortgage rates driving purchasing power.
- If you’d like expert guidance on exploring your homebuying options while affordability is high, reach out to a local real estate professional.
Why Is It so Important to Be Pre-Approved in the Homebuying Process?
You may have heard that pre-approval is a great first step in the homebuying process.
Should You Buy an Existing Home or New Construction?
Finding the right home to purchase today is one of the biggest challenges for potential buyers.
Builders & Realtors Agree: Real Estate Is Back
When shelter-in-place orders brought the economy to a screeching halt earlier this year, many believed the residential housing market would follow suit.
The Top Reasons People Are Moving This Year
Today, Americans are moving for a variety of different reasons.
Ask a Pro About Buying a Home [INFOGRAPHIC]
![Ask a Pro About Buying a Home [INFOGRAPHIC] | Keeping Current Matters](https://files.keepingcurrentmatters.com/wp-content/uploads/2020/08/20140816/20200821-NM.jpg)
Some Highlights
- According to trending data, searches for key real estate topics are skyrocketing online.
- Clearly, lots of people have questions about buying a home, and other topics related to the process.
- Working with a trusted real estate professional will help you create the most personalized and helpful experience. Reach out to a local agent so you have the guidance you need along the way.
Forbearance Numbers Are Lower than Expected
Originally, some housing industry analysts were concerned that the mortgage forbearance program (which allows families to delay payments to a later date) could lead to an increase in foreclosures when forbearances end.
Just How Strong Is the Housing Recovery?
The residential real estate market has definitely been the shining light in this country’s current economic situation.
