Market Updates

April 30, 2020

Why the Housing Market Is a Powerful Economic Driver

 

With businesses starting to slowly open back up again in some parts of the country, it’s important to understand how housing can have a major impact on the recovery of the U.S. economy. As we’ve mentioned before, buying a home is a driving financial force in this process ...

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April 29, 2020

Buying a Home Right Now: Easy? No. Smart? Yes.

 

Through all the volatility in the economy right now, some have put their search for a home on hold, yet others have not. According to ShowingTime, the real estate industry’s leading showing management technology provider, buyers have started to reappear over the last several weeks. In the latest report ...

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April 28, 2020

Rise to the Top of the Pool by Selling Your House Today

 

With the release of the latest Economic Pulse Flash Survey from the National Association of Realtors (NAR), results show that people selling their houses today are holding strong on price. According to the most recent data, 74% of real estate agents noted that sellers are not dropping listing prices ...

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April 27, 2020

What Impact Might COVID-19 Have on Home Values?

 

A big challenge facing the housing industry is determining what impact the current pandemic may have on home values. Some buyers are hoping for major price reductions because the health crisis is straining the economy.

The price of any item, however, is determined by supply and demand, which is ...

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Posted in Market Updates, Sellers
April 24, 2020

Today’s Expert Insight on the Housing Market

 

Some Highlights

  • According to Lawrence Yun, Chief Economist at NAR, home prices are forecasted to rise.
  • Results from the Existing Home Sales Report note that home sales declined in March due to the coronavirus, but prices are still strong.
  • Let’s connect so you can better understand your home’s value ...
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April 23, 2020

Uncertainty Abounds in the Search for Economic Recovery Timetable

 

Earlier this week, we discussed how most projections from financial institutions are calling for a quick V-shaped recovery from this economic downturn, and there’s research on previous post-pandemic recoveries to support that expectation.

In addition, we noted how there are some in the business community who believe we may ...

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April 21, 2020

Will This Economic Crisis Have a V, U, or L-Shaped Recovery?

 

Many American businesses have been put on hold as the country deals with the worst pandemic in over one hundred years. As the states are deciding on the best strategy to slowly and safely reopen, the big question is: how long will it take the economy to fully recover ...

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April 20, 2020

The Pain of Unemployment: It Will Be Deep, But Not for Long

 

There are two crises in this country right now: a health crisis that has forced everyone into their homes and a financial crisis caused by our inability to move around as we normally would. Over 20 million people in the U.S. became instantly unemployed when it was determined ...

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April 16, 2020

Today’s Homebuyers Want Lower Prices. Sellers Disagree.

 

The uncertainty the world faces today due to the COVID-19 pandemic is causing so many things to change. The way we interact, the way we do business, even the way we buy and sell real estate is changing. This is a moment in time that’s even sparking some buyers ...

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April 15, 2020

Think This Is a Housing Crisis? Think Again.

 

With all of the unanswered questions caused by COVID-19 and the economic slowdown we’re experiencing across the country today, many are asking if the housing market is in trouble. For those who remember 2008, it’s logical to ask that question.

Many of us experienced financial hardships, lost homes, and ...

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