Last week, the National Association of Home Builders (NAHB) reported their Housing Market Index (HMI) hit an all-time high in the 35-year history of the series with a score of 83. The index gauges builder perceptions of current single-family home […]
Market Trends
Real Estate News
VIDEO: Ready to Sell? Homebuyer traffic is on the rise
Today’s homebuyers are actively searching for homes and purchasing them at a record rate. Chances are there’s a buyer out there looking for a home just like yours! Watch: Let’s connect to discuss why selling your house now could get […]
Stop waiting! Mortgage rates unlikely to go any lower
Mortgage rates have continued to drop in recent months, hitting new all-time lows seemingly every week. And while the average interest rate for a 30-year fixed rate mortgage dropped below 3 percent for much of August and into September, the […]
Homebuyer traffic is on the rise
One of the biggest surprises of 2020 is the resilience of the residential real estate market. Lawrence Yun, Chief Economist of the National Association of Realtors (NAR), is now forecasting that more homes will sell this year than last year. […]
Lumber prices soar; expect new home prices to follow
Lumber prices in the U.S. have steadily risen since the COVID-19 outbreak began, due to an increase in demand combined with lumber mill shutdowns. The price of lumber for September delivery rose 3.1% to an all-time high of $641.60 per […]
Median listing price in the U.S. hits all-time high
According to realtor.com’s August 2020 Monthly Housing Trends Report, the median listing price in the US increased 10.1 percent year-over-year in August. That’s a substantial increase from the 8.5 percent year-over-year growth seen in July — and the first time […]
Real estate market experiences astonishing growth in July
Now that buyers are back on the market following the COVID-19 slowdown in the spring, competition for existing properties is fierce. According to recent data from the National Association of REALTORS®, in July, pending home sales were up 5.9 percent […]
Just how strong is the Housing Recovery?
The residential real estate market has definitely been the shining light in this country’s current economic situation. All-time low mortgage rates coupled with a new appreciation of what a home truly means has caused the housing market to push forward […]
How working remotely is changing homebuyer needs
With more companies figuring out how to efficiently and effectively enable their employees to work remotely (and for longer than most of us initially expected), homeowners throughout the country are re-evaluating their needs. Do I still need to live close […]
Infographic:
Mortgage rates and payments by decade
Sometimes it helps to see the dollars and cents you’ll save when you purchase a home while mortgage rates are low. Today’s historic low rates mean it’s less expensive to borrow money, so the savings over the life of your […]
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