As a result of the widely available COVID 19 vaccine, lifestyle limitations have lessened considerably, but they haven’t completely disappeared. We’re all still likely to spend more time than usual inside our homes this winter. Some of us are still doing all or a portion of our work from home. There are pockets of COVID… Read More
With COVID-19 unease lingering, the Real Estate market is looking cautiously optimistic, ‘cautiously’ being the operative word here. It would appear that the market is slowly, very slowly, leveling off in certain price ranges, but remains frantic in others. There still appears to be quite a bit of Seller hesitation, and many Buyers continue to… Read More
Covid 19’s wide-ranging impact sadly involved much more than our health. Just over 10 Million homeowners struggling to pay their mortgage, were forced to enlist forbearance (a temporary interruption in monthly payments) to tide them over until the employment market and their financial position improved. Forbearance however does not mean forgiveness. Those deferred payments are… Read More
Who are the Home Buyers? A large percentage are Millennials. What’s motivating the current Millennial home-buying frenzy? First and foremost, interest rates! Rates have remained at historical lows, partly in an effort to maintain the strength of the housing market, but that’s not the only force driving home buyers. As the RIS media post below… Read More
Coast to coast, luxury home sales look to be bouncing back faster and stronger than any other segment of the market. According to Mansion Global, median luxury home prices are up nationwide with 35 of the 49 major metro areas reporting significant gains. The high-end market in the Phoenix Valley Metro region of central Arizona,… Read More
Homes Are Selling Faster and Prices Are Rising. This isn’t what anyone might have predicted for the Real Estate market during a pandemic. A lingering nationwide lack of inventory, worsened by Covid 19, is clearly responsible behind the scenes. But even though demand experienced the anticipated drop-off at the onset of the quarantine, it proved… Read More
Buying a home sight unseen is nothing new. I’ve sold several homes in the past, to buyers who completed the transaction entirely on-line, by phone and via courier. But in the world of residential Real Estate, that sort of thing has, up until now, been of the ‘few and far between’ variety. Enter Covid 19…. Read More
Along with Coronavirus being a novel occurrence, so too are Mortgage Interest Rates. I know I’ve never seen anything like it, some rates are under 3%. Personally, I would be thrilled if I were in a the market for a home right now. It might seem like a strange time to be buying a home,… Read More
In spite of businesses reopening and a cautious return to travel, the Covid19 situation is far from over. Its affect on the Real Estate market continues, and I believe we may be well into 2021 before we are fully aware of the influence this disturbance has had. We’re now seeing a slight uptick in activity… Read More
At this moment, the Real Estate market is experiencing a reluctance on the part of both home sellers and buyers. The ‘unavoidable’ activity is still taking place, folks for whom moving is a necessity. But where the sale or purchase of a home is nonessential, motion in the Real Estate market has come to a… Read More
