Mortgage rates have hit new record lows 13 times this year, the latest in November. But will the downward trend continue this month? Nadia Evangelou, senior economist and director of forecasting for the National Association of REALTORS®, believes rates will continue to hover near record lows, with the 30-year fixed-rate mortgage averaging around 2.9% for […]
The rental housing industry often feels the ripples of economic change in a direct way. Move outs, unpaid rent, late notices, subletters or roommates, and even evictions can have unintended consequences to long-term unemployment. With most businesses shuttered, many renters are facing financial insecurity due to the coronavirus pandemic. As of this writing, over 36 million […]
A shift in the mix of home buyers has been occurring since the pandemic began. Investor numbers are shrinking, while the number of home shoppers purchasing their first home ever is on the rise. These buyers are freed from having to sell a home prior to purchasing, and they are valuing homeownership in a pandemic. […]
Buying a property without seeing it in person is hardly ideal. But, in the new world created by COVID-19, virtual touring is becoming increasingly common, by Nicole S0lari Buying a property without seeing it in person is hardly ideal. But, in the new world created by COVID-19, virtual touring is becoming increasingly common. Here are 10 ways […]
By Liz Dominguez Many fear a stalled market due to the spread of COVID-19. However, according to the newest Economic Pulse Flash Survey from the National Association of REALTORS® (NAR), buyers are out there, and they are more serious than ever before. According to the survey, the median number of homes being toured has gone down during […]
By CARA AMEER In a matter of days, life as we know it has been turned upside down. The only normal is a new one. The experience of living through 9/11 and the economic crash of 2008 has taught us just how quickly we abandon established routines in exchange for new ones. At one point in […]
BY CHRISTY MURDOCK EDGAR It might sound like a great deal for your weekend warrior clients, but some properties just aren’t worth the price. Here’s what to watch out for Many buyers prefer the ease and convenience of a fully turnkey property, but occasionally you may get a buyer who is looking for a bargain and is […]
Consumers believe these falsehoods about the real estate industry — we need to debunk them – by CARA AMEER People don’t know what they don’t know, and what they do know is enough to create false perceptions of a profession that is often surrounded by damaging assumptions. Here are eight real estate myths — busted! 1. […]
America’s collective college debt eclipses every home listing in the nation, according to a new realtor.com® report. By Suzanne De Vita Adding It Up According to data from realtor.com, the average down payment, 10 percent, on a median-priced property, $260,000, totals $26,000—$8,500 less than the average college loan obligation, $34,500. The bigger picture: The amount of college debt, […]
The Agency founder Mauricio Umansky believes the art of communication is being lost, which gives the advantage to real estate disrupters BYJIM DALRYMPLE II Mauricio Umansky believes that art of genuine communication is dying, and it’s up to real estate agents to keep it alive or lose ground to disruptive real estate tech companies pushing […]
