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Here's to a Wonderful 2021!

Four Expert Views on the 2021 Housing Market The housing market was a shining star in 2020, fueling the economic turnaround throughout the country. As we look forward to 2021, can we expect real estate to continue showing such promise? Here’s what four experts have to say about the year ahead. Lawrence Yun, Chief Economist, National Association of Realtors (NAR) In 2021, I think rates will be similar or modestly higher, maybe 3%...So, mortgage rates will continue to be histo...rically favorable. Danielle Hale, Chief Economist, realtor.com We expect sales to grow 7 percent and prices to rise another 5.7 percent on top of 2020’s already high... See more

Winning as a Buyer in a Sellers’ Market [INFOGRAPHIC] Some Highlights Buying a home in today’s sellers’ market doesn’t have to feel like an uphill battle.... Here are four ways to make sure you’re positioned for success when making a home purchase, even when the scale tips toward sellers. Let's connect to make sure you're armed for victory in the housing market this season. See more

Why Selling Your House on Your Own in 2021 Is a Mistake There are many benefits to working with a real estate professional when selling your house. During challenging times, like what we face today, it becomes even more important to have an expert you trust to help guide you through the process. If you’re considering selling on your own, known in the industry as a For Sale By Owner (FSBO), it’s critical to consider the following items. 1. Your Safety Is a Priority Your safety should always come first, and that’s more crucial than ever given the current health situation in our country. When you FSBO, it is incredibly difficult to control entry into your...

Thinking of Buying or Selling a Home This Winter? Experts forecast a hot real estate market this winter. Let's connect to make sure you have the most current information with the new digital buyer and seller guides.

More Generations Are Living Under One Roof This Year This year challenged us to reprioritize everything - from the way we use our time to where we work, how we socialize and gather together, and our needs at home. For many, this also meant making decisions about how to best support and engage with our extended families, near and far. In some cases, we weren’t able to see our relatives and loved ones who were living in senior facilities. In others, maybe older children moved b...ack home. Jessica Lautz, Vice President of Demographics and Behavioral Insights for the National Association of Realtors (NAR), says: A lot of families have an aging senior relative... See more

Are Home Prices Headed Toward Bubble Territory? Talk of a housing bubble is beginning to crop up as home prices have appreciated at a rapid pace this year. This is understandable since the appreciation of residential real estate is well above historic annual averages. According to the Federal Housing Finance Agency (FHFA), annual appreciation since 1991 has averaged 3.8%. Here are the latest 2020 appreciation numbers from three reliable sources: FHFA: 7.8%... CoreLogic: 7.3% Case-Shiller: 7% It’s easy to jump to the conclusion that house appreciation is out of control in today’s market. However, we need to put these numbers into context...

Why It’s Important to Price Your House Right Today Even in today’s sellers’ market, setting the right price for your house is one of the most valuable things you can do. According to the U.S. Economic Outlook by the National Association of Realtors (NAR), existing home prices nationwide are forecasted to increase by 4.5% in 2021. This means experts anticipate home values will continue climbing next year. Danielle Hale, Chief Economist for realtor.com, notes: We expect price gains to ease somewhat in 2021 and end 5.7% above 2020 levels, decelerating steadily through the spring and summer, and then gradually reaccelerating toward the end of the...

An Honest Look at Unemployment Numbers Last Friday, the Bureau of Labor Statistics released the November Jobs Report. It revealed that, though headed in the right direction, the nation’s job recovery has slowed. The consensus reaction is best exemplified by a quote from Glassdoor Senior Economist, Daniel Zhao: We saw positive job gains, but I think the sentiment is largely negative because we know that we’re heading into a dark winter. There’s no doubt that millions of hous...eholds have been - and continue to be -devastated by the economic downturn caused by the pandemic. We should, however, put the current situation into perspective. Where we...

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How Remote Work Can Power Your Vacation Home Sale This year, the opportunity to work remotely has increased the demand for vacation homes. Gay Cororaton, Senior Economist and Director of Housing and Commercial Research at the National Association of Realtors (NAR), notes: Working from home is a positive factor in demand for vacation...

The Path to Homeownership [INFOGRAPHIC] Some Highlights If you’re thinking of buying a home and not sure where to start, you’re not alone. Here’s a map with 10 simple steps to follow in the homebuying process.... Let’s connect today to discuss the specific steps along the way in our local area... See more