In-The-Know Real Estate Blog

In-The-Know Real Estate Blog Homebuyer Demand Is Far Above Last Year’s Pace Homebuying has been on the rise over the past few months, with record-breaking sales powering through the market in June, July and August. Buyers are actively purchasing homes, and the momentum is continuing into the fall. It is, however, becoming harder for buyers to find homes to purchase. If you’ve been thinking about selling your […]
In-The-Know Real Estate Blog Reno Ranked #1 “Best Small City” in 2020 Reno, Nevada, also known as “The Biggest Little City in the World,” has recently been crowned #1 Best Small City in America by Resonance Consultancy!  Resonance ranks American cities (principal cities of metropolitan areas with populations of more than 100,000) by using a combination of statistical performance and qualitative evaluations by locals and visitors in […]
In-The-Know Real Estate Blog The Beginning of an Economic Recovery The news these days seems to have a mix of highs and lows. We may hear that an economic recovery is starting, but we’ve also seen some of the worst economic data in the history of our country. The challenge today is to understand exactly what’s going on and what it means relative to the […]
In-The-Know Real Estate Blog Looking For Foreclosures? Surge NOT in the Forecast With the strength of the current housing market growing every day and more Americans returning to work, a faster-than-expected recovery in the housing sector is already well underway. Regardless, many are still asking the question: will we see a wave of foreclosures as a result of the current crisis? Thankfully, research shows the number of foreclosures is expected to be much […]
In-The-Know Real Estate Blog How Historically Low Interest Rates Positively Impact Affordability Today, home prices are appreciating. When we hear prices are going up, it’s normal to think a home will cost more as the trend continues. The way the housing market is positioned today, however, low mortgage rates are actually making homes more affordable, even as prices rise. Here’s why. According to the Mortgage Monitor Report from Black Knight: “While home […]
In-The-Know Real Estate Blog Latest Unemployment Report: Great News…for the Most Part The Bureau of Labor Statistics (BLS) released their latest Employment Situation Summary last Thursday, and it again beat analysts’ expectations in a big way.  The consensus was for 3,074,000 jobs to be added in June. The report revealed that 4,800,000 jobs were added. The unemployment rate fell to 11.1% from 13.3% last month. Again, excellent news as […]
In-The-Know Real Estate Blog Is the Health Crisis Driving Buyers Out of Urban Areas? The pandemic has caused consumers to re-examine the components that make up the “perfect home.” Many families are no longer comfortable with the locations and layouts of their existing homes. The allure of city life (more congested) seems to be giving way to either suburban or rural life (less congested). The fascination with an open […]
In-The-Know Real Estate Blog A Historic Rebound for the U.S. Housing Market Pending Home Sales increased by 44.3% in May, registering the highest month-over-month gain in the index since the National Association of Realtors (NAR) started tracking this metric in January 2001. So, what exactly are pending home sales, and why is this rebound so important? According to NAR, the Pending Home Sales Index (PHS) is: “A leading indicator of housing activity, […]
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In-The-Know Real Estate Blog Real Estate Tops Best Investment Poll for 7th Year Running Every year, Gallup conducts a survey of Americans to determine their choice for the best long-term investment. Respondents are asked to select real estate, stocks/mutual funds, gold, savings accounts/CDs, or bonds. For the seventh year in a row, real estate has come out on top as the best long-term investment. Gallup explained: “Real estate remains the most favored investment to […]
In-The-Know Real Estate Blog Unemployment Drops First Time Since The Virus! Last Friday, the U.S. Bureau of Labor Statistics released their May Employment Situation Summary. Leading up to the release, most experts predicted the unemployment rate would jump up to approximately 20% from the 14.7% rate announced last month. The experts were shocked. The Wall Street Journal put it this way: “The May U.S. jobless rate fell to 13.3% and employers added 2.5 […]
In-The-Know Real Estate Blog Top 8 Reasons to Own Your Home There are numerous reasons why owning a home is beneficial.  We’ve quickly summed up the Top 8 Reasons to Own Your Home and here they are… Privacy.  Creating space that is solely your own means no landlord visits.  It’s not your landlord’s house… It’s yours, so nobody should be stopping by to “check in on things.” […]
In-The-Know Real Estate Blog Economists Forecast Recovery to Begin in the Second Half of 2020 With the U.S. economy on everyone’s minds right now, questions about the country’s financial outlook continue to come up daily. The one that seems to keep rising to the top is: When will the economy begin to recover? While no one knows exactly how a rebound will play out, expert economists around the country are becoming more […]
In-The-Know Real Estate Blog 6 Reasons Why Selling Your House on Your Own Is a Mistake There are many benefits to working with a real estate professional when selling your house. During challenging times like the one we face today, it becomes even more important to have an expert help guide you through the process. If you’re considering selling on your own, known in the industry as a For Sale By Owner or FSBO, please consider […]
In-The-Know Real Estate Blog Summer 2020: The New Spring for Real Estate With stay-at-home orders starting to gradually lift throughout parts of the country, data indicates homebuyers are jumping back into the market. After many families put their plans on hold due to the COVID-19 pandemic, what we once called the “busy spring real estate season” is shifting into the “summer real estate season.”  In 2020, summer is the new […]
In-The-Know Real Estate Blog Housing Market Positioned to Bring Back the Economy All eyes are on the American economy. As it goes, so does the world economy. With states beginning to reopen, the question becomes: Which sectors of the economy will drive its recovery?  There seems to be a growing consensus that the housing market is positioned to be that driving force, the tailwind that is necessary.  […]
In-The-Know Real Estate Blog What is the Forecast for the U.S. Housing Market This Year? Today, many people are asking themselves if they should buy or sell a home in 2020. Some have shifted their plans or put them on hold over the past couple of months, and understandably so. Everyone seems to be wondering if the market is going to change and when the economy will turn around. If you’re […]
In-The-Know Real Estate Blog How Are Home Searches Changing in the Wake of COVID-19? In the wake of COVID-19, many who live in more populated city limits today are beginning to rethink their current location. Being in close proximity to everything from the grocery store to local entertainment is definitely a perk, especially if you can also walk to some of these hot spots and have a short commute […]
In-The-Know Real Estate Blog Unemployment: Hope on the Horizon On May 8, the unemployment rate for April 2020 was released by the U.S. Bureau of Labor Statistics. At 14.7%, the rate is the highest it has been since the Great Depression when it reached 24.9%.  Today’s data represents real families and lives affected by the COVID-19 economic slowdown. Without a doubt, the numbers are […]
In-The-Know Real Estate Blog U.S. Homeownership Rate Rises to Highest Point in 8 Years For nearly two months, most of us have been following strict stay-at-home orders from our state and local governments. It is a whole new way of life that has put our daily lives on pause. On the other hand, many of us have also found a sense of comfort by slowing down and spending time […]
In-The-Know Real Estate Blog Why Home Equity Is a Bright Spark in the Housing Market Given how we have seen more unemployment claims than ever before over the past several weeks, fear is spreading widely.  Some good news, however, shows that more than 4 million initial unemployment filers have likely already found a new job, especially as industries such as health care, food and grocery stores, retail, delivery, and more […]