by Peggy Young | Jul 31, 2020 | Uncategorized
With a worldwide health crisis that drove a pause in the economy this year, the housing market was greatly impacted. Many have been eagerly awaiting some bright signs of a recovery. Based on the latest Existing Home Sales Report from the National Association of...
by Peggy Young | Jul 28, 2020 | Uncategorized
A recent survey by Lending Tree tapped into behaviors of over 1,000 prospective buyers. The results indicated 53% of all homebuyers are more likely to buy a home in the next year, even amid the current health crisis. The survey further revealed why, naming several...
by Peggy Young | Jul 24, 2020 | Housing Market
With a worldwide health crisis that drove a pause in the economy this year, the housing market was greatly impacted. Many have been eagerly awaiting some bright signs of a recovery. Based on the latest Existing Home Sales Report from the National Association of...
by Peggy Young | Jul 23, 2020 | Housing Market
Recovery for the Housing Market: For months now the vast majority of Americans have been asking the same question: When will the economy turn around? Many experts have been saying the housing market will lead the way to a recovery, and today we’re seeing signs of that...
by Peggy Young | Jul 20, 2020 | Economic Recovery, Homebuyers
ecconomic recovery With businesses reopening throughout the country and some experts indicating early signs of a much-anticipated economic recovery, more homebuyers are actively entering the housing market this summer. Today, housing is truly driving the U.S. economic...
by Peggy Young | Jul 16, 2020 | Mortgage Rates
Over the past several weeks, Freddie Mac has reported the average 30-year fixed mortgage rate dropping to record lows, all the way down to 3.03%. Last week’s reported rate reached the lowest point in the history of the survey, which dates back to 1971 (See graph...
by Peggy Young | Jul 10, 2020 | Unemployment
The Bureau of Labor Statistics (BLS) released their latest Unemployment Report last Thursday, and it again beat analysts’ expectations in a big way. The consensus was for 3,074,000 jobs to be added in June. The latest unemployment report revealed that 4,800,000 jobs...
by Peggy Young | Jul 6, 2020 | Housing Market
Pending Home Sales increased by 44.3% in May, registering the highest month-over-month gain in the index since the National Association of Realtors (NAR) started tracking this metric in January 2001. So, what exactly are pending home sales, and why is this rebound so...
by Peggy Young | Jul 1, 2020 | Housing Market
Earlier this month, realtor.com announced the release of their initial Housing Recovery Index, a weekly guide showing how the pandemic has impacted the residential real estate market. The index leverages a weighted average of four key components of the housing...
by Peggy Young | Jun 30, 2020 | Uncategorized
One of the biggest questions on everyone’s minds these days is: What’s going to happen to the housing market in the second half of the year? Based on recent data on the economy, unemployment, real estate, and more, many economists are revising their forecasts for the...
