Traditionally, spring is one of the busiest times of the year for real estate. However, the corona-virus outbreak—and subsequent stay-at-home orders—led many buyers and sellers to put their moving plans on hold. In April, new listings fell nearly 45%, and sales volume fell 15% compared to last year.1 Fortunately, as restrictions have eased, we’ve seen an uptick in market activity. And … [Read more...]
2020 Outlook: Real Estate Market Forecast
We’re in the midst of the longest economic expansion in U.S. history, and economists think there’s still room to grow. A recent survey by the National Association for Business Economics found that experts believe the U.S. economy will remain positive throughout 2020.1 Still, given that recessions are a natural (and necessary) part of a business cycle, we know this period of growth will … [Read more...]
Mortgage Limits Increase For 2020!
Here is a quick update on the official Mortgage Limits changes for 2020! "Conventional – new limits for all loans delivered after 1/1/2020 will be $510,400 (whoo hoo!!!) This means First time home buyers using (3% down payment) can buy at a maximum purchase price of $526,185 5% down Owner Occupant Buyers can buy at a maximum purchase price of $537,263 FHA made their official announcement and … [Read more...]
Everything You Need to Know About iBuyers and the “Instant Cash Offer”
Technology is changing the way we do almost everything, and real estate transactions are no exception. In fact, a new crop of tech companies wants to revolutionize the way we buy and sell homes. iBuyer startups like Opendoor, Offerpad, and Properly are rapidly expanding into new territories, and now established players, like Zillow, are starting to get in on the action. Also known as Direct … [Read more...]
5 Step Strategy for Downsizing Your Home
In our “bigger is better” culture, there’s an expectation that each home should be larger and grander than the last. But life changes like divorce, kids leaving for college, or even the simple act of growing older can prompt us to find a smaller home that better suits our shifting needs and lifestyle. Here is a 5 Step Strategy for Downsizing Your Home In fact, the advantages of downsizing are … [Read more...]
Will Your Remodel Pay Off? The Best (and Worst) Ways to Spend Your Budget
Will Your Remodel Pay Off? The Best (and Worst) Ways to Spend Your Budget. Most new homeowners have something about their property that they want to change. And as family needs and design trends shift over time, many will eventually choose to remodel. Some homeowners make updates to their property before listing it to maximize their potential sales revenue. Whatever your reasons are for taking … [Read more...]
Serious About Selling? 5 Steps to Make Your Home the Best on the Block
We all want to be good neighbors. But when it comes to selling your home, it’s not just about “keeping up with the Joneses.” It’s about outshining them at every opportunity! If you’re looking to sell your home fast and for the most money possible, you’ll need a strategy to set it apart from all the other listings competing for buyers in your area. That’s why we’ve outlined our proven, five-step … [Read more...]
Top 8 Home Design and Remodeling Trends for 2019
If you’re a current homeowner, or in the market to buy, you’re probably curious about the latest trends in home design. take a look at Top 8 Home Design and Remodeling Trends for 2019. Sellers who make strategic updates before listing a property can generate increased interest from buyers and, in some cases, a premium selling price. And buyers should consider which features of a home will need … [Read more...]
What’s Ahead for Real Estate in 2019?
What's ahead for Real Estate in 2019? As we begin another year, everyone wants to know: “Where is the housing market headed in 2019?” It’s not only buyers, sellers, and homeowners who are impacted. The real estate market plays an integral role in the overall U.S. economy. Fortunately, key indicators point toward a stable housing market in 2019 with signs of modest growth. However, shifting … [Read more...]
‘Tis the Season: 5 Reasons Why Winter is a Great Time to Buy or Sell a Home
5 Reasons Why Winter is a Great Time to Buy or Sell a home. It’s a common misconception that you shouldn’t try to buy or sell a home during the fall and winter months. This is generally considered the “off season” in real estate. Many sellers mistakenly believe that the cold weather will keep buyers away and that no one is looking over the holidays. Unfortunately, many real estate professionals … [Read more...]
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