Equity continues to rise, helping American homeowners secure a much more stable financial future. According to the most recent data from CoreLogic, the average homeowner gained $9,800 in equity over the past year. In addition, experts project 2020 home prices to continue rising. With prices going up, equity gains will also keep accelerating. Black Knight just reported: “The annual percent […]
Selling Your House Is the Right Move, Right Now [INFOGRAPHIC]
As we enter the final months of 2020 and continue to work through the challenges this year has brought, some of us wonder what impact continued economic uncertainty could have on home prices. Looking at the big picture, the rules of supply and demand will give us the clearest idea of what is to come. […]
The September Jobs Report issued by the Bureau of Labor Statistics reported that the unemployment rate dropped to 7.9%. Though that percentage is well below what experts projected earlier this year, it still means millions of people are without work. There’s no way to minimize the tremendous impact this pandemic-induced recession continues to have on many Americans. However, the […]
A Guest Post from Porch.com Owning a home has long been a part of the American dream. Having your own slice of real estate indicates you are stable, committed, and responsible. For most Americans, it’s the largest single purchase they will make and most likely their biggest asset. For all the excitement that comes with […]
Many housing experts originally voiced concern that the mortgage forbearance program (which allows families impacted financially by COVID to delay mortgage payments to a later date) could lead to an increase in foreclosures when forbearances end. Some originally forecasted that up to 30% of homeowners would choose to enter forbearance. Less than 10% actually did, and […]
The 2020 housing market has surpassed all expectations and continues to drive the nation’s economic recovery. The question is, will this positive trend continue throughout the rest of the year, especially given the uncertainty around the current health crisis, the upcoming election, and more? Here’s a look at what several industry-leading experts have to say. […]
Like the changes happening to every other part of our lives, COVID-19 is shifting the emphasis of what buyers are looking for in their next home. The pandemic has taught us that our own home is the safest place to be, which means a greater demand for a residence that can combine work, school, and […]
Earlier this year when the nation pressed pause on the economy and unemployment rates jumped up significantly, many homeowners were immediately concerned about being able to pay their mortgages, and understandably so. To assist in this challenging time, two protection plans were put into place to help support those in need. First, there was a pause placed […]
From ConstructionCoverage.com By: Jonathan Jones Alamy Stock Photo According to data from Zillow, home prices in the U.S. have climbed over 42 percent in the last decade. While the country’s housing market as a whole recovered strongly from the lows of the Great Recession, the recovery was not evenly distributed throughout the country’s major cities. As […]
Many industries have been devastated by the economic shutdown caused by the COVID-19 virus. Real estate is not one of them. Mark Fleming, Chief Economist for First American, just reported: “Since hitting a low point during the initial stages of the pandemic, the only major industry to display immunity to the economic impacts of the coronavirus is the housing market. Housing […]
An article via Sears Home Services. It’s OK to admit that not all of the pandemic has been terrible. We’ve gotten out of some of work’s most frustrating components – commutes, rushed mornings, uncomfortable work clothes – all gone in a flash. But as we spend more time at home, working or not, we may […]
Article from NAHB (National Association of Home Builders) The median lot size for new single-family detached homes that were sold in 2019 dropped to a record-low 8,177 square feet (0.188 of an acre), down 390 square feet since 2018, according to the latest figures from the Census Bureau. The shrinking median lot size largely reflects […]
Article from the National Association of Home Builders (NAHB) The most common exterior wall materials on homes started in 2019 were stucco and vinyl siding, according to data from the Census Bureau’s Survey of Construction (SOC). Stucco was used on 27% of new homes started in 2019, followed closely by vinyl siding at 25%, fiber […]
