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Licensed Realtor State of LA, USA
More good news as more help is on the way!
➡️ The second round of stimulus payments
➡️ Extension of Pandemic Unemployment Assistance
➡️ Paycheck Protection Program
➡️ Tax Extenders
Learn more on which best applies for you and your circumstances ⬇️
NAR wins rental assistance and deductibility of business expenses paid with Paycheck Protection Program funds as part of a $900 billion economic package that now goes to President Donald Trump.
Fun Fact! For the first time in history, VA Loans has issued more than 1 million loans in 2020. The loan that was once 2% of the loan volume, now make up about 10% of the mortgage market ⬇️
This year has marked the biggest year in the Department of Veterans Affairs’ history of lending, with more than 1 million loans issued.
Homes For Sale are selling fast! NAR says existing-home sales rose for the 5th consecutive month, reporting an increase of nearly 27% from last year. The market is STILL on fire!
Seventy-two percent of homes sold in October were on the market for less than a month. Read more from NAR’s latest housing report.
With rising home prices, the yearly affordability index declined in November. Yet, the monthly index sees an improvement as mortgage rates remain at record-lows and median family income rose ⤵️
At the national level, housing affordability declined in November 2020 compared to a year ago but rose modestly compared to October.
✅ As Feds keep interest rates at 0️⃣ to support the housing market, mortgage rates now sit at the lowest ever in Freddie Mac's near-50-year history!
It's the lowest 30-year, fixed-rate since Freddie Mac began tracking the data in 1971
⬇️ rates, limited supply, and demographic demand are likely to remain within 2021. Adding a potential vaccine rollout in the first half of 2021, and another strong year is possibly set for the housing market.
Click to learn more about this positive New Year outlook!
First American Chief Economist Mark Fleming shares his proprietary Potential Homes Sales Model, examining the housing market's performance against its potential.
In light of the demand for homes due to record-low mortgage rates, the housing market is the bright spot in today's economy. Did you know an agent can help negotiate better terms on a new home purchase? See what Lennar executive chairman has to say ➡
Lennar Executive Chairman Stuart Miller told CNBC Tuesday that he expects housing will be one of the main forces powering the U.S. economy, given the strength in the housing market.
As Gen X and Millennials approach the average age to buy a home, CoreLogic predicts that nearly 25 million new households will be added by 2028. Read the full article below!
By 2028, the number of households is projected to increase by up to 12 million.
While 2020 has been uniquely challenging, the housing market still emerged as an economic bright spot. Here are a few things real estate industry can be grateful for this year.
While this year has been full of challenges, the residential real estate industry has been an economic bright spot.
Total existing-home sales rose 9.4% from August to a seasonally-adjusted annual rate of 6.54 million in September. Overall sales rose year-over-year, up 20.9% from a year ago (5.41 million in September 2019). See the stats below ⤵️
Each of the four major regions witnessed month-over-month and year-over-year growth, with the Northeast seeing the highest climbs from both the prior month and prior year.
In a pandemic era, mudroom, or as being renamed the "disinfection room", is a must on most people's list. Make your mudroom more inviting for your buyers!
The mudroom may be getting renamed and becoming much more of a necessity.
As 1 in 3 adults substituted in-person work for telework, NAR data shows 8.93 million people have relocated since the start of the pandemic. Wow! Read on below
With teleworking at record high levels, people also decide to move for various reasons.
Need a reason to buy now and not wait any longer?
✅ Since the pandemic, only 130 homes in every 10,000 are for sale. Rising tenure length and decade-long new-home inventory shortage cause the big short supply that will likely remain in 2021
First American Chief Economist Mark Fleming explains why the housing market’s ‘big short’ in supply isn’t going anywhere anytime soon.
First American Deputy Chief Economist Odeta Kushi explains why today's housing market is stronger than before, despite the economic hardship due to COVID-19. Check out the facts and figures below!
First American Deputy Chief Economist Odeta Kushi explains why the housing market is unlikely to see a wave of foreclosures at the level of the Great Recession.
The housing market is notably swift this winter as yearly pending-home sales recorded a strong gain of 16.4% despite a monthly slide for November.
Despite the fall in month-over-month pending sales, contract signings were up 16.4% from one year ago and reached a record high for November.
Thinking about a fix and flip or a development project? Investors consider hard money to access more funding! Here's how ⤵️
Hard money lenders can be a good option for real estate investors who can't get traditional loans or want to close fast. Read on to learn how to find them.
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The housing market is starting the year with a new all-time low mortgage rates, breaking the record set on December 24.
The average 30-year mortgage hit an all-time low of 2.65% this week, according to data from Freddie Mac released Thursday
Planning to sell your house? Now is a great time! FHFA reported an increase ⬆️ of 1.5% for home prices nationally from July to August - the largest month-to-month increase since 1991 ✅
Prices increased 1.5% from July to August according to Federal Housing Finance Agency data, the largest increase since 1991
☑️ Young Americans are having their housing preferences shaped by the pandemic as they’re seeking larger homes and outdoor spaces according to findings from the 2020 Community and Transportation Preference Surveys recently conducted by the National Association of REALTORS
People of all ages crave walkable areas, which many find leads to a higher quality of life, new NAR research says.
"Home is not only where the heart is, but also where the wealth is." Survey says that median homeowner has 40 times the household wealth of a renter.
First American Deputy Chief Economist Odeta Kushi examines the connection between homeownership and wealth building.
Experts say that the market is an “extended spring cycle”. How does this affect real estate going into the fall?
Record-low mortgage rates, skyrocketing buyer demand, and shrinking inventory have pushed the housing market's busy season forward through at least the end of the year
When the buyers don’t come running after putting your house up for sale, for-sale-by-owners (FSBOs) are left scratching their heads, perplexed about what’s happening.
Here are 6️⃣ reasons that FSBOs typically find selling much harder than they imagined.
With low inventory levels and sky-high prices, it might be tempting for sellers to stick a sign in the ground and see what they can get. It'll practically sell itself, right? Not so fast. Here are six reasons that FSBOs crash and burn.
The current economic status with a booming market for remote work is now known as a 'zoom town'. Read on to learn more about how these trends are flourishing. Could your neighborhood be next ❓
The new slang for boomtowns reflects the dynamics of regions gaining residents who seek extra space and privacy.
A demographic shift is happening! 85% of existing-home sales buyers purchased houses in the suburbs, or in smaller, less dense counties. Click to see the facts and the figures!
NAR’s October REALTORS® Confidence Index Report indicates that there is a demographic shift from the cities to the suburbs, or to smaller counties, less dense counties.
Need to improve your credit to buy a home and a new car? A Q&A you don't want to miss out on...
REAL ESTATE MATTERS | If you buy a home first and a car later, you’ll still be able to buy a really nice car because auto lenders have different loan requirements than mortgage lenders.
NAHB recently found that single-family home construction grew fastest in small metro suburbs during the second quarter of 2020; recording an annual median sale price growth difference between urban and suburban of 2.8 percentage points, outpacing urban. ⏬
First American Deputy Chief Economist Odeta Kushi examines the idea that the pandemic has accelerated a shift to the suburbs.
The good, the great, and the numbers! In an economy being mired by the COVID-19 pandemic, reports show that housing is being the shining light as home sales exceeded the annual rate of 1M units. Click the link to learn more ⤵️
Looking for a little clarity on this week's news? Windermere Chief Economist Matthew Gardner discusses how new home sales exceeded the annual rate of 1M units for the first time since 2006, blowing past most predictions
Homebuilder sentiment sets another record high in October - The nation’s home builders see no fall chill in demand from buyers - making the industry more confident than ever ✅
The nation's homebuilders are seeing no fall chill in demand from buyers, and that has the industry more confident than ever.
Attention Sellers!⬆ When 63% of buyers are indicating that the home office is a must for their new home purchase, it's time to get creative.
Keep the eyeballs on your virtual listing and open house! Here's how to renovate smart ✅
Sellers, if you have a home office, now's the time to promote it. Here's how to set up a space that will attract buyers and seal the deal. The post Get To Work! How To Make Your Home Office Space a Huge Selling Point appeared first on Real Estate News & Insights | realtor.com®.
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