While the economy faces challenges from the coronavirus pandemic, the housing market has continued to show strength. According to our recent quarterly Forecast, today’s housing market is characterized by record-low mortgage rates, increased home sales and price growth and constrained inventory. But what exactly does this mean? Here are a few terms you should become…
by First Team Real Estate | Nov 18, 2020 | Real Estate News, Selling California just passed Proposition 19, transforming tax breaks for thousands of homeowners across the state, hopefully unlocking opportunities for growth and much-needed change. The exemption is expected to help fuel home sales by encouraging those who have been reluctant to move…
By Clare Trapasso | Nov 7, 2020 It was a knock-down, drag-out fight that polarized much of the nation in the months—all right, years—leading up to Election Day, as well as over the last few nail-biting days after the election as ballots across the country continued to be counted. But former Vice President Joe Biden…
Anyone in the market to buy or sell a home knows the adage “location, location, location” determines value in a real estate sale. As with so much else in 2020, it’s clear this idea is being challenged. As the impact of Covid-19 puts pressure on everyone, many want to know if it’s a good time…
Published: Oct. 23, 2020 at 8:59 a.m. ETBy Jacob Passy As the pandemic continues, the risk of a prolonged economic downturn could cause some buyers to rethink making a big purchase, especially given rising home prices Despite the pandemic, existing-home sales increased for the fourth consecutive month in September, dwindling the number of homes on…
In today’s market, it’s important to make a competitive offer once you’ve found the right home. Our latest forecast shows that while the housing market has remained strong during the pandemic, in large part driven from today’s historically low interest rates, housing supply has not caught up to high demand. With strong competition, you’ll want…
