The number of houses for sale today is significantly lower than the high buyer activity in the current housing market. According to Lawrence Yun, Chief Economist for the National Association of Realtors (NAR): “There is no shortage of hopeful, potential buyers, but inventory is historically low.” When the demand for homes is higher than what’s available for sale, it’s a [...]
Earlier this year when the nation pressed pause on the economy and unemployment rates jumped up significantly, many homeowners were immediately concerned about being able to pay their mortgages, and understandably so. To assist in this challenging time, two protection plans were put into place to help support those in need. First, there was a pause [...]
The market is hot right now–spring market has trickled to a warm fall market–and especially in these interesting times, the desire to sell your home on your own might be high. That’s not to say that your friend or family member who did it with success shouldn’t have done it, and maybe for some people, [...]
One of the best ways to build your family’s financial future is through homeownership. Recent data from the Federal Reserve indicates the net worth of a homeowner is actually over 40 times greater than that of a renter. Maybe it’s time to start thinking about buying a home, especially when they’re so affordable in today’s market. Every three years [...]
If you’re thinking about moving, selling your house this fall might be the way to go. Here are four highlights in the housing market that may make your decision to sell this fall an easy one. 1. Buyers Are Actively in the Market ShowingTime, a leading real estate showing software and market stat service provider, [...]
If you’ve been paying attention, interest rates have been historically low this year. In a statement to the press mid-month, Federal Reserve Chair Jerome Powell announced that the Fed would most likely not raise interest rates until at least 2023. This decision was made to help the economy recover as we continue working through the [...]