Why Pricing Your Home Right Matters This Fall

Sep. 25, 2020 | Written by: Thomas Farrell

Why Pricing Your Home Right Matters This Fall [INFOGRAPHIC]Some HighlightsAs a seller today, you may think pricing your home on the high end will result in a higher final sale price, but the opposite is actually true.To sell your home quickly and for the best possible price, you should eliminate buy...

Home Equity Give Sellers Options in Today’s Market

Sep. 24, 2020 | Written by: Thomas Farrell

Home Equity Give Sellers Options in Today’s MarketHomeownership is one of the best ways to invest in your financial future, especially as your home equity grows. Home equity is a form of forced savings that can work to your advantage as the value of your home appreciates. Across the country, home eq...

Home Builder Confidence Hits All-Time Record

Sep. 23, 2020 | Written by: Thomas Farrell

Home Builder Confidence Hits All-Time RecordLast 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 curren...

The Cost of a Home Is Far More Important than the Price

Sep. 22, 2020 | Written by: Thomas Farrell

The Cost of a Home Is Far More Important than the PriceHousing 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% compare...

Is the Economic Recovery Beating All Projections?

Sep. 21, 2020 | Written by: Thomas Farrell

Is the Economic Recovery Beating All Projections?Earlier this year, many economists and market analysts were predicting an apocalyptic financial downturn that would potentially rattle the U.S. economy for years to come. They immediately started to compare it to the Great Depression of a century ago....

Homes Across the Country Are Selling Fast

Sep. 18, 2020 | Written by: Thomas Farrell

Homes Across the Country Are Selling Fast [INFOGRAPHIC]Some HighlightsBuyers are actively searching for and purchasing homes at a record-breaking pace. According to the latest report from the National Association of Realtors (NAR), in July, 68% of homes were on the market for les...

How Low Inventory May Impact the Housing Market This Fall

Sep. 17, 2020 | Written by: Thomas Farrell

How Low Inventory May Impact the Housing Market This FallReal 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...

The Surging Real Estate Market Continues to Climb

Sep. 16, 2020 | Written by: Thomas Farrell

The Surging Real Estate Market Continues to ClimbEarlier this year, realtor.com announced the release of the Housing Recovery Index, a weekly guide showing how the pandemic has impacted the residential real estate market. The index leverages a weighted average of four key components o...

Is Now a Good Time to Move?

Sep. 15, 2020 | Written by: Thomas Farrell

Is Now a Good Time to Move?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 home...

Two New Surveys Indicate Urban to Suburban Lean

Sep. 14, 2020 | Written by: Thomas Farrell

Two New Surveys Indicate Urban to Suburban LeanThere has been much talk around the possibility that Americans are feeling less enamored with the benefits of living in a large city and now may be longing for the open spaces that suburban and rural areas provide.In a recent Realtor Magazine ...

Virtual School Is Changing Homebuyer Needs

Sep. 11, 2020 | Written by: Thomas Farrell

Virtual School Is Changing Homebuyer Needs [INFOGRAPHIC]Some HighlightsWith remote learning sweeping the nation this academic year, organized spaces with enough room for kids to learn effectively are high on buyer wish lists.If you’re trying to make room for your family’s growing needs, multi-p...

Homebuyer Traffic Is on the Rise

Sep. 10, 2020 | Written by: Thomas Farrell

Homebuyer Traffic Is on the RiseOne 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 ye...

The Latest Unemployment Rate Fell to 8.4%

Sep. 09, 2020 | Written by: Thomas Farrell

The Latest Unemployment Rate Fell to 8.4%Last Friday, the Bureau for Labor Statistics released their Employment Report for August 2020. The big surprise was that the unemployment rate fell to 8.4%, a full percent lower than what many analysts had forecasted earlier in the week. T...

Have You Ever Seen a Housing Market Like This?

Sep. 08, 2020 | Written by: Thomas Farrell

Have You Ever Seen a Housing Market Like This?The year 2020 will certainly be one to remember, with new realities and norms that changed the way we live. This year’s real estate market is certainly no exception to that shift, with historic highlights continuing to break records and challenge what ma...

The 2020 Homebuyer Wish List

Sep. 04, 2020 | Written by: Thomas Farrell

The 2020 Homebuyer Wish List [INFOGRAPHIC]Some HighlightsThe word “home” is taking on a whole new meaning this year, and buyers are starting to look for new features as they re-think their needs and what’s truly possible.From more outdoor space to virtual classrooms for their children, buy...

Homebuyer Demand Is Far Above Last Year’s Pace

Sep. 03, 2020 | Written by: Thomas Farrell

Homebuyer Demand Is Far Above Last Year’s PaceHomebuying has been on the rise over the past few months, with record-breaking sales powering through the market in June and July. Buyers are actively purchasing homes, and the momentum is continuing into the fall. It is, however, becoming hard...

How Will the Presidential Election Impact Real Estate?

Sep. 02, 2020 | Written by: Thomas Farrell

How Will the Presidential Election Impact Real Estate?The year 2020 will be remembered as one of the most challenging times of our lives. A worldwide pandemic, a recession causing historic unemployment, and a level of social unrest perhaps never seen before have all changed the way we live. Only the...

It’s Not Just About the Price of the Home

Sep. 01, 2020 | Written by: Thomas Farrell

It’s Not Just About the Price of the HomeWhen most of us begin searching for a home, we naturally start by looking at the price. It’s important, however, to closely consider what else impacts the purchase. It’s not just the price of the house that matters, but the overall cost in the long run. Today...

Three Ways to Win in a Bidding War

Aug. 31, 2020 | Written by: Thomas Farrell

Three Ways to Win in a Bidding WarWith so few houses for sale today and low mortgage rates driving buyer activity, bidding wars are becoming more common. Multiple-offer scenarios are heating up, so it’s important to get pre-approved before you start your search. This way, you can...

The Cost of Renting Vs. Buying a Home

Aug. 28, 2020 | Written by: Thomas Farrell

The Cost of Renting Vs. Buying a Home [INFOGRAPHIC]Some HighlightsThe percentage of income needed to afford a median-priced home today is declining, while that for renting is on the rise.This is making buying a home an increasingly attractive option for many people, especially with low mor...

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