Sunday, March 7, 2021 / by Cindy Hurley
While the COVID-19 pandemic wreaked havoc across the globe, and many states issued lockdowns for everything deemed nonessential, the real estate market came back strong in 2020. With the pandemic still affecting daily lives, you can expect to see it shape real estate in 2021; let’s take a look.
March 2020’s lockdown sent real estate transactions to a grinding halt, forcing all industry areas to rethink how they do business. In fact, much of the technology used during the pandemic existed but wasn’t widely adopted. With virtual tours, remote showings, and digital closings now the norm, the real estate industry shouldn’t be flipped on its head during a virus surge.
Remote work will encourage more moves
Many employers are expected to make many positions permanently remote in the coming months. With more companies embracing remote jobs, employees are free to choose where they want to reside without having to factor in commutes.
Tuesday, March 5, 2019 / by Tina Cranmer
Buying a home is an investment. And, like any investment, you want to make sure it's going to deliver a healthy return. According to recent projections, it looks like real estate is going to pay off in a major way in 2019. According to recent data from Zillow, the US Median Home Value is projected to grow a healthy 6.3% in 2019. So, if you were to purchase a home for $250,000 at the beginning of 2019 (in other words, now), that same home is projected to be worth $265,750—an increase of $15,750.
Real estate is projected to provide some healthy returns in 2019, so if you've been thinking about investing in a new home, now is a great time to make a move.
Thursday, January 31, 2019 / by Cindy Hurley
According to new research from lender Freddie Mac, every generation—from millennials to Gen Xers to Baby Boomers—are continuing to rent because they think it's saving them money. According to the report, 76% of Millennials, 75% of Gen Xers, and 81% of Baby Boomers said renting was the more affordable option. But with rents rising across the country, that's just no longer the case. According to the most recent Market Outlook Report from Realtor.com, rents rose year over year in nearly ¾ (73%) of counties across the United States. And according to Trulia, it is now more affordable to own a home than to rent in a whopping 98% of the largest metro markets in the US.
The misconception that renting is more affordable than homeownership is not only costing renters of every generation money, it's also costing them the ability to own their own home. If you've been renting because you believe it's saving you money—no matter how old you are—it ...
Wednesday, January 9, 2019 / by Martin French
As the new year approaches, plenty of homeowners look for ways to refresh their spaces to keep them feeling interesting and updated. If you're preparing to put a place on the market, keeping up with trends is key because unless your prospective buyers are flippers, stagers, or redecorating fiends, nothing can make would-be buyers turn tail faster than some outdated decor. Check out these once-popular home decor trends that are being shown the door, and find out what's replacing them in the months ahead.
1. Rose gold loses its luster
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Friday, January 4, 2019 / by Martin French
Buying or selling a home can be a complicated and stressful experience. There can be a lot of moving parts involved that may come as a surprise to people who have never been through the process before. This is why having a great real estate agent is critical. Picking the right agent isn’t always easy, but you’ll definitely know if you’ve picked the right one for you. Here are seven signs that you’ve made a great decision in picking your real estate agent:
1. You like being around them
You don’t have to be head over heels in love with your real estate agent, but you need to at least enjoy being around him or her. You will spend a lot of time communicating with your agent, so the relationship needs to be a good one to help make the experience as painless as possible. There’s nothing worse than dealing with a person who you don’t like being around, especially if the going gets rough. If you don’t cringe at the sound of your agent&rsquo ...