While we’re still in a market that favors the home seller, that doesn’t mean your home is guaranteed to easily sell. If you want to maximize your sale price, it’s still important to prepare your home before putting it on the market.
Last year was one for the real estate history books. The pandemic helped usher in a buying frenzy that caused home prices to soar nationwide by a record 19.9% between August 2020 and August 2021.
The real estate market remains influenced by the old supply-and-demand predicament: U.S. home sales continue at a rapid pace, but the number of listings remains limited. Amid historically low mortgage rates, buyers keep shopping, reducing inventory and sparking a rise in home prices.
Remember finding a home you lived as a young adult? Now imagine trying to fit your life today into that space. Not pretty, right? For most of us, our housing needs are cyclical. A newly independent adult can find freedom and flexibility in a tiny apartment. That same space, to a growing family, would feel… Read more »
While many areas of the economy have contracted, the housing market has stayed remarkably strong. But can the good news last? When COVID-related shutdowns began in March, real estate brokers and clients scrambled to respond to the shift while fearing a real estate crash. Record-low interest rates caused some lenders to call a halt to… Read more »
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New Year, New Home? Achieve Your Financial Goals Whether You’re Buying, Selling, or Staying Put
The start of a new year always compels people to take a fresh look at their health, career, relationships, and financial goals. But with historically low mortgage rates, increased home sales and price growth, and tight housing inventory, the time is right to also make some homeownership resolutions for 2021.
“2020 will be known for a lot of things, and a record-breaking year for real estate will certainly be one of its more unexpected legacies,” prominent economist Daryl Fairweather said. And he’s right: most of us would have expected the housing market to suffer from circumstances like a once-in-a-hundred-years pandemic and historic inventory shortages.
The pandemic has changed the way many of us live, work, and attend school—and those changes have impacted our priorities when it comes to choosing a home. According to a recent survey by The Harris Poll, 75% of respondents who have begun working remotely would like to continue doing so—and 66% would consider moving if… Read more »
The Bay Area real estate market continues to confound experts with high property prices which counters commonly held economic theory. Mortgage interest rates are at historic lows, buyer demand remains robust even in the face of widespread job losses, and prices for homes are at record high levels. So what gives? The basic supply and… Read more »
In July, the average 30-year fixed-rate mortgage fell below 3% for the first time in history. While many Americans have rushed to take advantage of declining mortgage rates, others question the hype. Are today’s rates truly a bargain?