Key points: Despite a year of uncertainty, experts say that the 2021 real estate forecast is a cause for optimism. Continued economic improvement, low interest rates, and growing home sales will help to keep the housing market strong in 2021. Home buyers and sellers will be active in the coming year. If youāre thinking about [ā¦]
Key points: Though 2020 was financially devastating for many, most homeowners saw a dramatic gain in home equity over the past 12 months. US homeowners with mortgages saw a 2020 home equity increase of over $1 trillion. The average homeowner gained approximately $17,000 in equity in the past year aloneāthatās a 10.8% increase over last [ā¦]
In this issue: We could see the best winter housing market everāand close out the year with more total sales in 2020 than in 2019. Mortgage rates are expected to remain lowā¦ but they wonāt be this low for much longer. The biggest challenge the market faces right now is a lack of available homes [ā¦]
The global health crisis changed many aspects of our daily lives. Millions have transitioned to working from home, and many students now study at home at least part time. Activities like fitness, outdoor time, and movie premiers have even found a place at home; weāre all spending more time at our houses these days. And [ā¦]
Earlier this year, economists predicted that real estate would be a large driving force behind the US economyās recovery. In the past few months, the numbers of residential sales and mortgage purchase applications have surged, suggesting that the housing market recovery is even stronger than previously anticipated. The Housing Market Recovery Is Soaring All-time low [ā¦]
If youāve been thinking about buying a home or you follow real estate news, you have likely heard that interest rates are very low right now. In fact, theyāre not just lowātheyāre lower than theyāve ever been in history. Since interest rates are so low, how do todayās mortgage payments compare to those in decades [ā¦]
As summer draws to a close, you may be wondering if itās still possible to sell for top dollar during 2020. The answer to that question is a resounding yesāand if youāve lived in the same home for a while, thereās never been a better time to list. Hereās why Raleigh homeowners have even more [ā¦]
This spring, mortgage interest rates fell to all-time historic lows, and now they are projected to remain low for the foreseeable future. This has created a huge incentive for investorsāand for sellers who want to take advantage of high buyer demand. What Does High Buyer Demand Mean for You? If youāre thinking about buying or [ā¦]
The COVID-19 health crisis brought many aspects of American life to a halt in early 2020. Real estate was not unaffected, though it has remained surprisingly stable. Sales declined fairly steeply in April and May, but have since started to pick back up again, paving the way for a strong summer 2020 housing market, especially [ā¦]
While walkable urban living has traditionally been quite popular across the country, the recent health crisis has led many urbanites to rethink the close proximity and small spaces of city living. Does this indicate a shift to the suburbs might be the wave of the future? Urban Living Could Shift to the Suburbs City-dwellers often [ā¦]
