Posts in category 'Real Estate News'
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4 Key Trends Explain Today's Real Estate Market
As we move into the second half of the year, one thing is clear: the current real estate market is one for the record books. The exact mix of conditions we have today creates opportunities for both buyers and sellers. Here's a look at four key components that are shaping this unprecedented market.
A Shortage of Homes for Sale
Earlier this year, the number of homes available for sale fell to an all-time low. In recent months, however, inventory levels are starting to trend up. The latest Monthly Housing Market Trends Report from realtor.com says:
"In June,...
5
Are Interest Rates Expected to Rise Over the Next Year
So far this year, mortgage rates continue to hover around 3%, encouraging many hopeful homebuyers to enter the housing market. However, there's a good chance rates will increase later this year and going into 2022, ultimately making it more expensive to borrow money for a home loan. Here's a look at what several experts have to say.
Danielle Hale, Chief Economist, realtor.com:
"Our long-term view for mortgage rates in 2021 is higher. As the economic outlook strengthens, thanks to progress against coronavirus and vaccines plus a dose of stimulus from the government...
25
Great Perks for Buyers and Sellers In Todays Housing Market
Right now, the housing market is full of outstanding opportunities for both buyers and sellers. Whether you're thinking of buying your first home, moving up to a bigger one, or selling so you can downsize this spring, there are perks today that are powering big moves for people across the country. Here are the top two to keep on the radar this season.
The Biggest Perk for Buyers: Low Mortgage Rates
Today's most compelling buyer incentive is low mortgage interest rates. The 30-year fixed-rate is now averaging just over 3%. While that's slightly higher than the record-lows from 2020 and earlier this year, it's still way lower than historic norms, making purchasing a home an ongoing perk for hopeful buyers (See graph below):
30
Congratulations to CAAR's 2019 Good Neighbor Award Recipient!
Credit: CAAR 2020 Installation of Officers Meeting photography provided by Tod Cohen Photography. Left to right: CAAR Second 2019 GNA sponsor Hal Johnson of Guaranteed Rate, CAAR Second 2019 GNA recipient Rives Bailey, The Arc of the Piedmont Executive Director John Santoski, and CAAR 2019 President Tele Jenifer.
CAAR has announced Rives Bailey REALTOR® with Montague, Miller & Company REALTORS, as the recipient of the CAAR Second 2019 Good Neighbor Award (GNA), sponsored by Hal Johnson at Guaranteed Rate.
The Good Neighbor Award program highlights local REALTORS® who dedicate significant time and interest to projects that make a lasting impact on our communities.
Bailey has been volunteering with The Arc of the Piedmont, an organization that provides services to people with intellectual and development disabilities, for five years.
"He has been a valuable part of the organization. He has served as a Board member, and most recently as our Board Chair. He has been very instrumental in getting us into our new building on Rose Hill Drive, that we are very, very pleased with," said John Santoski, Executive Director of The Arc of the Piedmont.
A $500 donation was made to The Arc of the Piedmont in Bailey's name.
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Americans Rank Real Estate Best Investment for 6 Years Running!
Americans Rank Real Estate Best Investment for 6 Years Running!
Real estate has outranked stocks/mutual funds, gold, savings accounts/CDs, and bonds as the best long-term investment among Americans for the last 6 years, according to a May 2019 Gallup survey report!
As you can see...
Stock owners are more positive about real estate than stocks as an investment.
Of the 4 listed, real estate is the only investment you can also live in!