by DeAnna Morgan | Jun 23, 2020 | For Buyers, For Sellers, Pricing
A worldwide pandemic and an economic recession have had a tremendous effect on the nation. The uncertainty brought about by both has made predicting consumer behavior nearly impossible. For that reason, forecasting home prices has become extremely difficult. Normally,...
by DeAnna Morgan | Jun 22, 2020 | First Time Home Buyers, For Buyers, For Sellers, Housing Market Updates, Interest Rates, Move-Up Buyers
According to the latest FreddieMac Quarterly Forecast, mortgage interest rates have fallen to historically low levels this spring and they’re projected to remain low. This means there’s a huge incentive for buyers who are ready to purchase. And homeowners...
by DeAnna Morgan | Jun 17, 2020 | For Buyers, For Sellers
The Wall Street Journal just released their latest monthly Survey of Economists. In an article on the findings, they reported: “The U.S. economy will be in recovery by the third quarter of this year, economists said in a survey that also concluded the labor...
by DeAnna Morgan | Jun 16, 2020 | First Time Home Buyers, For Buyers, For Sellers, Move-Up Buyers
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 DeAnna Morgan | Jun 15, 2020 | First Time Home Buyers, For Buyers
Every year, Gallup conducts a survey of Americans to determine their choice for the best long-term investment. Respondents are asked to select real estate, stocks/mutual funds, gold, savings accounts/CDs, or bonds. For the seventh year in a row, real estate has come...
by DeAnna Morgan | Jun 10, 2020 | For Buyers, For Sellers, Housing Market Updates
On Monday, the National Bureau of Economic Research (NBER) announced that the U.S. economy is officially in a recession. This did not come as a surprise to many, as the Bureau defines a recession this way: “A recession is a significant decline in economic...
