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.
The residential real estate market has definitely been the shining light in this country’s current economic situation.
In today’s housing market, it can be a big challenge for buyers to find homes to purchase, as the number of houses for sale is far below the current demand.
The news these days seems to have a mix of highs and lows.
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Today, home prices are appreciating.
With the strength of the current housing market growing every day and more Americans returning to work, a faster-than-expected recovery in the housing sector is already well underway.
Today’s housing market is making a truly impressive turnaround, and it’s also setting up some outstanding opportunities for buyers and sellers.
Last Friday, the Bureau of Labor Statistics (BLS) released its latest Employment Situation Summary.
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With more companies figuring out how to efficiently and effectively enable their employees to work remotely (and for longer than most of us initially expected), homeowners throughout the country are re-evaluating their needs.
We’re sitting in an optimal moment in time for homeowners who are ready to sell their houses and make a move this year.
Today’s homebuyers are not just talking about their plans, they’re actively engaged in the buying process – and they’re serious about it.
America has faced its share of challenges in 2020.
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As remote work continues on for many businesses and Americans weigh the risks of being in densely populated areas, will more people start to move out of bigger cities?
So far, it’s been quite a ride this year, and our nation has truly seen its fair share of hurdles.
In June, the number of first-time homebuyers accounted for 35% of the existing homes sold, a trend that’s been building steadily throughout the year.
The residential real estate market is remaining resilient as the country still struggles to beat the COVID-19 pandemic.
With a worldwide health crisis that drove a pause in the economy this year, the housing market was greatly impacted.
Over the past several weeks, Freddie Mac has reported the average 30-year fixed mortgage rate dropping to record lows, all the way down to 3.03%.
Last week, a very well-respected real estate analytics firm surprised many with their home price projection for the next twelve months.
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.
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.
