Now that the Covid 19 vaccine has rolled out, the economy is coming back and more people feel comfortable buying a home. According to Freddie Mac, interest rates are still historically lower than they've been in over 50 years.
The real estate market is cyclical and can be influenced by many factors. Historically low interest rates and the coronavirus were two factors that impacted the 2020 real estate market.
This past year brought many changes to us all. Stay-at-home orders gave family members the task to learn how to adjust to doing things they used to do outside of their homes, inside their homes.
Historically, the best time to sell a home is in the spring and summer real estate markets. This year, the best time may actually be now. Lawrence Yun, the Chief Economist of the National Association of Realtors predicts that the 2021 winter real estate market...
We experienced unprecedented times during 2020 due in part to the coronavirus. With all the worry about Covid 19 and the stay-at-home orders, people feared the worst about the 2020 real estate market. However, Covid 19 certainly "gave a shot" in the arm to the housing market.
Hiring an agent who intimately knows your neighborhood and the area home values is key to your success. It will help to ensure you receive the best sales price possible in a timely manor.
This year, the COVID-19 pandemic has caused many changes across the country. While the strict quarantine and social isolation rules are restrictive and difficult, the housing market has managed to enjoy a silver lining.
In 2020, homes have been selling faster than in the past. This is mainly due to lower inventory and historically low interest rates. In fact, Zillow.com shares a statistic that homes went under contract in an average of 25 days this year.
As the COVID-19 pandemic forced businesses to close and employees to take refuge at home last March, the Board of Governors of the U.S. Federal Reserve System took unprecedented action, lowering the benchmark interest rate to functionally zero percent.