Housing Market Exceeds Expectations The year was 2008 and US economy was in the midst of what can only be described as a horrific economic meltdown. There was not a doubt at the time the US housing market played a huge contributing role in that collapse. Today America has again found itself in the...
Checking Out Homebuying Affordability in Today’s Market There are so many factors they need to be taken into consideration When trying to determine the best time to buy a home. One of the things we can do to help us determine the answer is understand how affordability works as well as the primary factors...
May Records a Historic Rebound Those who study the real estate market generally understand that a key metric in determining its strength is pending home sales. If this is true, we received some promising news recently when we learned pending home sales increased 44.3% in this past month. To accent how just how astonishing...
New Home Availability in 2020 The summer season Is starting to heat up and there is little doubt that everyone seems to be searching for some indication That a recovery is imminent. There is, indeed, some consensus among those who follow these indications closely that the third quarter of 2020 appears to be well...
COVID-19 and the Housing Recovery Index There are obviously numerous questions circulating regarding the impact Covid-19 is having or will have on the housing market. To aid in answering these questions realtor.com has announced that it will be releasing a Weekly Housing Recovery Index. This weekly guide will detail how the pandemic is influencing...
Experts Mixed Review on Home Prices It is a reality we need to come to grips with. The global pandemic and the resulting economic downturns have no doubt made a huge impact on the nation. It is understandably difficult for consumers to predict what they should do. It is not difficult to reason how...
Real Estate Market Update - July 2020 Whether you are in the market to purchase a home or you are considering putting your current residence on the market it is wise to be informed of the current trends in the real estate market. Jason Atwood, Designated Broker and Owner at Oly Pen Real Estate...
Home Equity Rate Continues to Grow CoreLogic recently released it home over equity insight report. The initial findings were quite interesting. One of the takeaways was the level of growth in home equity homeowners are enjoying across the nation. With very few exceptions most regions notice the year over year first quarter equity increase...
Is Selling Now the Right Time? The National Association of Realtors recently released a survey of home sellers which reflected a reason for optimism for those considering selling their homes. The survey, which reached out to real estate agents around the country found 74% of them agreed that their sellers were not dropping their...
COVID-19 Impact on Housing 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...