Remember when finding a home close to your office, in a trendy neighborhood, or zoned to a specific school district was a top priority? These days, things are different. In this post-pandemic world, the classic real estate motto of “location, location, location” is no longer what’s driving buyers. Now, it’s all about “deal, deal, deal”…
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 has experienced a strong V-shaped recovery and is now exceeding pre-pandemic levels. This is largely because the economic distress from the pandemic has created…
7 ways to make your backyard or patio feel like an oasis during quarantine. The past seven months have been a blur of Zoom calls, virtual classes, countless attempted sourdoughs, and certainly a lot of squabbling for the best spot on the couch. So, if you have a backyard or even a sliver of a…
Housing market, after a COVID recession hit, stages a massive comeback Record low mortgage rates, a desire for “space,” and extraordinary government measures deliver significant rebound COLUMBUS, Ohio, Sept. 15, 2020 /PRNewswire/ — Despite millions of job losses and spiking mortgage delinquencies, data from the latest Health of Housing Markets Report (HoHM Report) from Nationwide…
Amid the imbalance between supply and demand in the U.S., buyers need to get an upper hand as they compete with multiple offers. When Paul Warrin, a real estate agent with Golden Gate Sotheby’s International Realty in San Francisco, suggests that his buyer clients write a love letter about the house they’re competing for, he…
Following the rapid contraction in U.S. economic activity as a result of the outbreak of COVID-19, the unemployment rate spiked to 14.4 percent in April and remained elevated in May (13.0 percent), setting the mark for the two highest recorded rates in the post-World War II era. Despite the federal foreclosure moratorium, there were fears…
