Skip To Content

Monthly Archives: July 2020

    Three of the Latest Reports Show Housing Market Is Strong

    By Jona Olvido | July 27, 2020

    The residential real estate market is remaining resilient as the country still struggles to beat the COVID-19 pandemic. Three separate reports recently revealed how the housing market is still showing growth. Here’s a look at each one. 1. Ivy Zelman’s Real Estate Broker Survey The survey explains that purchaser demand remains strong: “This month’s overall homebuyer... Read More

    Two Reasons We Won’t See a Rush of Foreclosures This Fall

    By Jona Olvido | July 24, 2020

    The health crisis we face as a country has led businesses all over the nation to reduce or discontinue their services altogether. This pause in the economy has greatly impacted the workforce and as a result, many people have been laid off or furloughed. Naturally, that would lead many to believe we might see a... Read More

    A Remarkable Recovery for the Housing Market

    By Jona Olvido | July 22, 2020

    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 coming to light. With record-low mortgage rates driving high demand from potential buyers, homes are being purchased at... Read More

    Thinking of Selling Your House? Now May be the Right Time

    By Jona Olvido | July 21, 2020

    Inventory is arguably the biggest challenge for buyers in today’s housing market. There are simply more buyers actively looking for homes to purchase than there are sellers selling them, so the scale is tipped in favor of the sellers. According to the latest Existing Home Sales Report from the National Association of Realtors (NAR), total housing inventory is down... Read More

    Does Your Home Have What Buyers Are Looking For?

    By Jona Olvido | July 17, 2020

    There’s great opportunity for today’s homeowners to sell their houses and make a move, yet due to the impact of the ongoing health crisis, some sellers are taking their time coming back to the market. According to Javier Vivas, Director of Economic Research at realtor.com: “Sellers continue returning to the market at a cautious pace and further improvement could be... Read More

    Mortgage Rates Hit Record Lows for Three Consecutive Weeks

    By Jona Olvido | July 15, 2020

    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 below): What does this mean for buyers? This is huge for homebuyers. Those... Read More

    What Are Experts Saying about Home Prices?

    By Jona Olvido | July 14, 2020

    Last week, a very well-respected real estate analytics firm surprised many with their home price projection for the next twelve months. CoreLogic, in their latest Home Price Index said: “The economic downturn that started in March 2020 is predicted to cause a 6.6% drop in the HPI by May 2021, which would be the first decrease in annual... Read More

    Not All Agents Are Created Equal

    By Jona Olvido | July 13, 2020

    In today’s fast-paced world where answers are just a Google search away, there are some who may question the benefits of hiring a real estate professional when selling a house. The reality is, the addition of more information can lead to more confusion. A real estate agent can be your essential guide, but truth be... Read More

    Taking Advantage of Homebuying Affordability in Today’s Market

    By Jona Olvido | July 10, 2020

    Everyone is ready to buy a home at different times in their lives, and despite the health crisis, today is no exception. Understanding how affordability works and the main market factors that impact it may help those who are ready to buy a home narrow down their optimal window of time to make a purchase.... Read More

    Is the Health Crisis Driving Buyers Out of Urban Areas?

    By Jona Olvido | July 8, 2020

    The pandemic has caused consumers to re-examine the components that make up the “perfect home.” Many families are no longer comfortable with the locations and layouts of their existing homes. The allure of city life (more congested) seems to be giving way to either suburban or rural life (less congested). The fascination with an open... Read More