Community News

May 22, 2020

Homes Are 8% More Affordable Than Last Year

Affordability is always a top concern for buyers. After all, when you're thinking about buying a home, there are few considerations more important than whether or not you can afford it. So how has the coronavirus affected affordability and what does it mean for prospective buyers? Well, according to a …

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May 20, 2020

Number Of New Listings Shows Improvement

Naturally, the coronavirus and efforts to slow its spread have affected the housing market. Early on, surveys showed home sellers were more pessimistic about conditions than buyers were. As a result, the number of homes for sale took a hit, as homeowners who had planned to sell this spring delayed …

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May 18, 2020

Interest In Small Towns And Rural Areas Booms

The coronavirus hasn't just changed the way we shop for homes. It's also changed where we shop for homes. In fact, according to new data from one consumer real estate portal, prospective home buyers have been showing increasing interest in moving away from city centers and into less densely populated …

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May 11, 2020

One In Four Properties Considered Equity Rich

Approximately one in four of the 54.7 million mortgaged homes in the United States was considered equity rich in the first quarter of 2020, according to new numbers from ATTOM Data Solutions. Equity rich refers to when the amount owed on a property is 50 percent or less of the …

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May 6, 2020

When Should You Sell To Get The Best Price?

Everybody knows location is important in real estate. But, if you've got a home to sell, when you do it makes a difference too. And while experts will tell you that trying to time the market is a mistake, there are certain times of year that are undeniably better for …

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April 15, 2020

Forecast Calls For Rebound Later This Year

Typically, economic forecasts rely on a mix of current and historical data. After all, if you understand where things are today and what's happened in the past, you can make an educated guess about what the future might look like. This becomes harder, though, when there aren't obvious historical precedents …

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April 6, 2020

What Will Happen To The Spring Sales Season?

Spring is typically the housing market's busiest season. Mostly, that's because warmer weather and the chance for families to move and get settled in between school years makes it an opportune time to pack up and start somewhere new. This year, though, the coronavirus, social distancing, and stay-at-home orders have …

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April 3, 2020

Inventory, Prices Slow As March Comes To A Close

The number of homes for sale has been lower than normal for some time now. A combination of homeowners staying in one place longer, fewer new homes being built, and increasing demand among buyers has caused for-sale inventory to lag and prices to climb higher. There was hope that those …

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March 25, 2020

What Might Be Ahead For Home Prices?

Home prices have been rising for several years now. A combination of increasing buyer demand and a lower-than-normal number of homes for sale led to more competition among home shoppers and put upward pressure on prices. That's why most of the discussion about where the housing market was headed this …

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March 23, 2020

February Home Sales Highest Since 2007

Sales of previously owned homes spiked in February, rising 6.5 percent over month-before numbers, according to new data released by the National Association of Realtors. The improvement made for the strongest month since 2007. “February's sales of over 5 million homes were the strongest since February 2007,” Lawrence Yun, NAR's …

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