by Troy Jones | Jun 25, 2020 | For Buyers, For Sellers, Housing Market Updates
Earlier this month, realtor.com announced the release of their initial 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 of the housing...
by Troy Jones | 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 Troy Jones | Jun 11, 2020 | For Sellers, Housing Market Updates, Move-Up Buyers
As the health crisis started making its way throughout our country earlier this spring, sellers have been cautious about putting their homes on the market. This hesitation stemmed primarily from fear of the spread of the coronavirus, and understandably so. This...
by Troy Jones | 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...
by Troy Jones | Jun 9, 2020 | For Buyers, For Sellers, Housing Market Updates
With more U.S. states reopening for business this summer, and as people start to return to work, we can expect the economy to begin improving. Most expert forecasts indicate this economic recovery will start to happen in the second half of this year. As we get back to...
by Troy Jones | Jun 4, 2020 | For Buyers, For Sellers, Housing Market Updates
Tomorrow morning the Bureau of Labor Statistics will release the latest Employment Situation Summary, which will include the most current unemployment rate. It will be a horrific number. Many analysts believe unemployment could be greater than 20%. These numbers...
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