Home Value Projections in 2020 The housing market staggered to some degree by the health crisis. Potential purchasers are questioning whether home values will be impacted. The price of any item is determined by supply as well as the market’s demand for that item. Each month the National Association of Realtors (NAR) surveys “over 50,000 real […]
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Is an Economic Recession Looming? More and more economists are predicting the next economic recession is imminent as the result of the pullback in the economy caused by Covid-19. According to the: National Bureau of Economic Research: “A recession is a significant decline in economic activity spread across the economy, lasting more than a few
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Are Interest Rates Going Up Over Time? Who would’ve expected that interest rates in 2010 are lower than they were in the 1970s. Luckily for today’s economy, this is becoming beneficial for the consumer, businesses, and our overall economy. Some Highlights: Hovering at near historic lows, now is a great time to see how much
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Are Homeownership Rates Reaching New Highs? Regardless of the lack of inventory on the market, the U.S. homeownership rate has climbed to a 6-year high. The United States Census Bureau reported that it increased to 65.1% in the fourth quarter of 2019, representing the highest level in the past six years. See the graph below: This increase does not come
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2020 Homebuying Checklist Some Highlights: If you’re thinking of buying a home, plan ahead and stay on the right track, starting with pre-approval. Being proactive about the homebuying process will help set you up for success in each step. Make sure to work with a trusted real estate professional along the way, to help guide you through the homebuying steps
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Forecasting Continued Home Appreciation Questions continue to rise around where home prices will head in 2020. The latest forecast from CoreLogic shows continued appreciation at 5.4% over the next year: Additionally, ARCH Mortgage Insurance Company in their current Housing and Mortgage Market Review revealed their latest ARCH Risk Index, which estimates the probability of home prices being lower in two years. Based on the
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6 Types of Entrepreneurs The Many Different Types of Entrepreneurs Entrepreneur is a broad term that covers a wide range of individuals who can be classified by type, based on their reason for starting their own business. Most people reading this will see themselves in one of these six categories. The Manager Manager entrepreneurs want
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Pros and Cons of Real Estate Investing As the housing market continues on the up-turn, real estate investing is becoming more and more appealing. However, that does not mean one should go and frivolously invest in any piece of real estate. Here are the PROS and CONS of real estate investing: Pro Diversification of Portfolio By
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9 Tips for First-Time Home Buyers What to Consider Before You Buy What kind of home are you looking for? A single family home, a townhouse, a condo, or a building with multiple units? Every type of property has its pros and cons. Therefore, it’s best to start by looking at what your homeowner goals
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Maximizing Home Value While Selling A common question most people ask is “How can I get the most value for my home?” It’s not even a question that every homeowner wants to maximize the value of their home while selling. How can you guarantee that you’ve received the maximum value of your home? Implement these keys
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