by David Floyd | Oct 1, 2020 | Down Payments, For Buyers, For Sellers, Interest Rates, Luxury Market, Move-Up Buyers
A year ago, additional space and extra amenities had a very different feel for homebuyers. Today, the health crisis has brought to light how valuable more square footage and carefully designed floorplans can be. Home offices, multi-purpose rooms, gyms, and theaters...
by David Floyd | Sep 29, 2020 | For Buyers, For Sellers, Housing Market Updates, Pricing
As shelter-in-place orders were implemented earlier this year, many questioned what the shutdown would mean to the real estate market. Specifically, there was concern about home values. After years of rising home prices, would 2020 be the year this appreciation trend...
by David Floyd | Sep 28, 2020 | For Buyers, For Sellers, Housing Market Updates
Back in March, as the nation’s economy was shut down because of the coronavirus, many were predicting the real estate market would face a major collapse. Some forecasts called for a 15-20% decline in transactions. However, six months later, it seems as though the...
by David Floyd | Sep 22, 2020 | First Time Home Buyers, For Buyers, Interest Rates, Move-Up Buyers, Pricing
Housing inventory is at an all-time low. There are 39% fewer homes for sale today than at this time last year, and buyer demand continues to set records. Zillow recently reported: “Newly pending sales are up 25.5% compared to the same week last year, the highest...
by David Floyd | Sep 21, 2020 | For Buyers, For Sellers, Housing Market Updates
Earlier this year, many economists and market analysts were predicting an apocalyptic financial downturn that would potentially rattle the U.S. economy for years to come. They immediately started to compare it to the Great Depression of a century ago. Six months...
by David Floyd | Sep 16, 2020 | For Buyers, For Sellers, Housing Market Updates
Earlier this year, realtor.com announced the release of the Housing Recovery Index, a weekly guide showing how the pandemic has impacted the residential real estate market. The index leverages a weighted average of four key components of the housing industry by...
