Contract signings posted another big jump in July, the National Association of REALTORS® reported Thursday. This marks three consecutive months of growth as markets continue to roar back after facing initial closures from the COVID-19 outbreak this spring. Pending home sales are now up 15.5% year over year. Each of the four major regions of … Read More “Homes Are Going Under Contract in Record Time” »
Category: Real Estate News & Tips
The traditional mortgage process—from application to closing—typically involves a lot of face-to-face contact, from filling out an application at a lender’s office to gathering in a conference room to review and sign a stack of documents before being handed the house keys. Online lending has grown so much over the last decade that it is … Read More “4 Steps To Safely Buy A Home In The Age Of COVID-19” »
It’s not just emotional buying, real estate agents say: There are smart and strategic reasons that Americans of all ages, races, and incomes are moving away from urban centers. Why it matters: Bidding wars, frantic plays for a big suburban house with a pool, buying a property sight unseen — they’re all part of Americans’ calculus that … Read More “The pandemic real estate market” »
Even a pandemic can’t slow homebuyers down, apparently. Applications to purchase a home jumped a whopping 26% in May, and according to real estate brokerage Redfin, buyer demand is now 25% above pre-pandemic levels. Even bidding wars have surged back with a vengeance. In fact, almost half of all Redfin offers were met with competition in May—a … Read More “Demand For Homes Surges As Buyers Head For The Single-Family Suburbs” »
While much of the U.S. economy is feeling pressure from the COVID-19 pandemic, housing markets in certain areas seem to have kept their stride over the past few months. Thanks in part to low mortgages rates, not only is real estate in these places selling almost as quickly as it was before coronavirus, but it’s also bringing … Read More “Home Sellers Pocketed Record Profits as the Coronavirus Pandemic Surged in the U.S.” »
Just this weekend I realized that we’ve updated much of our lighting over the past year and it’s made a huge visual difference. Lighting is a great way to fully show off your personal style, keep your home feeling current, and you have to have light to see so it’s super functional. In the past … Read More “One Simple Way to Upgrade and Add Value to Your Home” »
A good home alarm system will spot intruders and deter them from breaking in, or at least scare them away before they take anything. According to a study by the University of North Carolina at Charlotte, security systems are effective at deterring crime. Among other things, the study determined that many intruders will leave a building … Read More “Should I Get a Home Security System?” »
More consumers are shopping for properties online. Realtor.com®’s monthly traffic surged to an all-time high of 86 million unique users in June, which topped May’s record of 85 million unique users. Also, on June 25, realtor.com®’s traffic reported a record high of 7 million unique users on a single day. But home shoppers have fewer … Read More “Realtor.com® Reports Record-Breaking Traffic on Listings” »
By Claudia Newcorn Covid-19 is redefining the real estate playing field – both for real estate agents and buyers. We spoke with expert realtors Nellie and John Lazar of Century 21 M&M Associates in Turlock to hear their perspectives on the “new normal” of home selling. The Lazars have ridden many ups and downs in the industry. … Read More “Real Estate in the “New Normal” : What You Need to Know” »
But you won’t hear them complaining There is nothing normal about this July Fourth holiday. With COVID-19 cases spiking in the biggest states, the slow creep back to normal has been put on hold in many places, and the usual Independence Day celebrations are few and far between. But, if you work in real estate or … Read More “With record-low mortgage rates, originators and real estate agents aren’t taking a holiday anytime soon” »