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Monthly Archives: October 2020

    Should I Renovate My House Before I Sell It? [INFOGRAPHIC]

    By Connor Phalen | October 30, 2020

    Some Highlights In today’s hyper-competitive market, buyers are often willing to overlook cosmetic or minor repair needs if it means snagging a home in their price range. With so few houses available for sale today, you may be able to skip the bigge... Read More

    Three Ways Low Inventory Is a Win for Sellers

    By Connor Phalen | October 29, 2020

    The number of houses for sale today is significantly lower than the high buyer activity in the current housing market. According to Lawrence Yun, Chief Economist for the National Association of Realtors (NAR): “There is no shortage of hopeful, potential buyers, but inventory is historically low.” When the demand for homes is higher than what’s […] Read More

    Buyer Interest Is Growing Among Younger Generations

    By Connor Phalen | October 28, 2020

    The demand for homes this year is extraordinary as record-breaking numbers of hopeful buyers continue to shop for homes. In a normal year, the peak homebuying season comes to a close by early fall. However, 2020 is anything but a normal year, and the housing market is no exception. Lawrence Yun, Chief Economist for the […] Read More

    How Down Payment Assistance Opens the Door to Homeownership

    By Connor Phalen | October 27, 2020

    Many people are eager to buy a home right now while affordability continues to be a highlight of the current housing market. However, a recent survey by Sparks Research shows that 20% of first-time homebuyers cite a lack of financial education as a barrier to homeownership. This is definitely understandable. If you don’t feel comfortable […] Read More

    Two Important Impacts of Home Equity

    By Connor Phalen | October 26, 2020

    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 […] Read More

    Selling Your House Is the Right Move, Right Now [INFOGRAPHIC]

    By Connor Phalen | October 23, 2020

    Some Highlights Demand from homebuyers has skyrocketed this year, which means today’s sellers are poised to win big. This ideal moment in time to sell your house won’t last forever, though. With more sellers coming to the market in the spring, waiti... Read More

    Home Values Projected to Keep Rising

    By Connor Phalen | October 22, 2020

    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. […] Read More

    Why Today’s Options Will Save Homeowners from Foreclosure

    By Connor Phalen | October 21, 2020

    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, […] Read More

    Americans Are Gaining Confidence in the Economy

    By Connor Phalen | October 20, 2020

    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 […] Read More

    Real Estate Continues to Show Unprecedented Strength This Year

    By Connor Phalen | October 19, 2020

    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. […] Read More