Oct 28, 2020 | Demographics, First Time Home Buyers, For Buyers, Gen Z, Generation X, Interest Rates, Millennials, Move-Up Buyers
The demand for homes this year is extraordinary as record-breaking numbers of hopeful buyers continue to shop for homes. In a normal year, the peak homebuying season comes to a close by early fall. However, 2020 is anything but a normal year, and the housing market is...
Oct 8, 2020 | Baby Boomers, For Buyers, For Sellers, Interest Rates, Senior Market
Every day in the U.S., roughly 10,000 people turn 65. Prior to the health crisis that swept the nation in 2020, most people had to wait until they retired to make a move to the beach, the golf course, or the senior living community they were looking to settle into for...
Oct 1, 2020 | Down Payments, For Buyers, For Sellers, Interest Rates, Luxury Market, Move-Up Buyers
A year ago, additional space and extra amenities had a very different feel for homebuyers. Today, the health crisis has brought to light how valuable more square footage and carefully designed floorplans can be. Home offices, multi-purpose rooms, gyms, and theaters...
Sep 22, 2020 | First Time Home Buyers, For Buyers, Interest Rates, Move-Up Buyers, Pricing
Housing inventory is at an all-time low. There are 39% fewer homes for sale today than at this time last year, and buyer demand continues to set records. Zillow recently reported: “Newly pending sales are up 25.5% compared to the same week last year, the highest...
Sep 17, 2020 | For Sellers, Housing Market Updates, Interest Rates, Move-Up Buyers, Pricing
Real estate continues to be called the ‘bright spot’ in the current economy, but there’s one thing that may hold the housing market back from achieving its full potential this year: the lack of homes for sale. Buyers are actively searching for and purchasing homes,...
Sep 16, 2020 | For Buyers, For Sellers, Interest Rates, Pricing
How long have you lived in your current home? If it’s been a while, you may be thinking about moving. According to the latest Profile of Home Buyers and Sellers by the National Association of Realtors (NAR), in 2019, homeowners were living in their homes for an...
