In this issue: Soaring home values and surging buyer demand have led many to believe that we’re experiencing another housing bubble. However, conditions are vastly different from those preceding the 2008 market crash. Extremely low inventory, verified demand, and strong equity are all bolstering today’s housing market—and were lacking in the mid-2000s market. The absence […]
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 alone—that’s a 10.8% increase over last […]
In this issue: We could see the best winter housing market ever—and close out the year with more total sales in 2020 than in 2019. Mortgage rates are expected to remain low… but they won’t be this low for much longer. The biggest challenge the market faces right now is a lack of available homes […]
In this issue: In 2019, the Veteran’s Administration guaranteed over 600,000 home loans. Almost half were made without a down payment. In 2019, nearly $120 million was provided to help seriously disabled veterans purchase, modify, or construct a home to meet their needs. Many veterans don’t take advantage of the outstanding benefits available through the […]
If you’ve 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, they’re not just low—they’re lower than they’ve ever been in history. Since interest rates are so low, how do today’s mortgage payments compare to those in decades […]
Traditionally, spring and summer are hot seasons for homebuying. Warm weather, longer days, and summer vacation provide plenty of opportunities for those looking to make a move. However, this past spring didn’t go quite as planned. Fortunately, summer 2020 real estate is expected to do a little better Will Summer 2020 Real Estate Make a […]
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 investors—and for sellers who want to take advantage of high buyer demand. What Does High Buyer Demand Mean for You? If you’re thinking about buying or […]
The start of the year showed quite a bit of promise for real estate—high prices, strong demand, steady interest rates… and then a global health crisis threw the American economy into chaos. Widespread closures, unemployment, and stay-at-home orders have led many to postpone making large purchases or sales. However, interest rates in 2020 may indicate […]
Over the past few months, those of us in the Raleigh area have been under pretty strict stay-at-home orders, and many of us have been working from home or have been out of work entirely. Life may have been put on pause, but real estate hasn’t taken a rest. In fact, a recent study by […]
With unprecedented closures and social distancing measures changing the way we do everything from business to everyday life, the economy has been in a state of upheaval, leaving many would-be buyers wondering if it’s smart to buy a home right now. Some have put their searches on hold, while others have continued on the hunt. […]