Many individuals frequently (or at least occasionally) have “things to do, places to go, and people to see.” Most people are still busy, however there are fewer places to go and fewer people to actually see, unless you count FaceTime and Zoom meetings. We now spend a lot more time living and/or working from...
This holiday season will feel differently from prior years. We continue making adjustments mentally, emotionally, and physically, while pondering how long might this holding pattern last. When will it be safe or comfortable to begin moving forward with a semblance of normality? Looking forward, what matters most should be more about the "how and what"...
The housing market continues to experience very strong demand for homes of virtually all styles and sizes. By now, everyone is aware of the potential for bidding wars, particularly in the mid and lower price ranges, virtually everywhere across the country. Ridiculously low interest rates have proven to enhance or magnify buyers’ ability to...
At this point, most everyone realizes how the impact of the pandemic is affecting our society and us individually. Directly and/or indirectly, each of us experience and establish new habits, perceptions, and lifestyle adjustments. The economic impacts are still being discovered as we learn new realities of how to adapt, modify, and improve the...
It would be impossible to discuss the current real estate market without recognizing the social and economic realizations the pandemic has created nationally, locally, and individually. It is helpful to understand how real estate markets and home values have reacted to impactful events in recent history. For many of us, the Great Recession (2008-2011) may...
Currently, real estate markets nationwide are evolving and adapting to the new realities of COVID-19. These new levels of adjustment are present in areas like technology, showing properties, how sellers prepare for showings, lending standards, safety and health considerations, and in general, understanding the psychology and energy of the market. Recognizing we live in a...
Clearly, there is nothing good about living through a pandemic. Every person is touched in multiple ways and we are all looking for answers, timing, expectations, and avenues of support. There may not be many definitive answers for some time, however the better we adjust to these new realities, the easier it will be...
Nearly every real estate expert and economist predicted 2020 to be one of the most competitive spring markets on record. Most statistics, with the exception of low available homes for sale, have been on a positive trajectory since January. Homes are still selling, especially at and below the mid-range of properties up to about...
The market has remained active as buyers are enticed with eye-popping low interest rates. Even cash buyers have chosen to borrow mortgage money because it is so inexpensive. For investors earning four or 5% returns on their investments, paying +/- 3.5% on a mortgage makes great economic sense. CoreLogic recently released their 2020 Market Pulse...
There has been much written about real estate in 2019, so a simple recap is probably adequate before we have some fun talking about what to anticipate in 2020. Last year’s interest rates (30-year) fell to 3.6% before settling in around +/- 3.75% in Q3 and Q4, with rates hugging the 4.25% range much of...
