Jeff Litton, Inc.

A rush of homeowners taking out various kinds of loans amid a scenario of low-interest rates and desire for suburban living pushed the demand for new mortgages during Q4 2020, with refinancing being accounted for 63% of the overall loan share. #JeffLitton #HomeSmartProfessionals

Gear up for this spring homebuying season! With a rebounding economy, mortgage rates still near 3%, millennials approaching their homebuying age, and a slowly rising inventory, MBA predicts that record-breaking home sales will be in place this spring 2021! #JeffLitton #HomeSmartProfessionals

As some buyers are being priced out of the market due to rising home prices, rental demand increases, boosting a yearly increase in rent prices much higher than the pre-pandemic level of 3.8% for January according to CoreLogic's latest rent index report #JeffLitton #HomeSmartProfessionals

Despite a monthly dip due to supply issues, the latest existing-home sales and home prices data continued to escalate yearly. Listings are being snatched as quickly as possible, showing how the housing market is beneficial on the seller's side! #JeffLitton #HomeSmartProfessionals

With almost every activity being remote in these times, keeping up with what's the latest trends on amenities is the key! Check out the amenities luxury homebuyers are looking for in today's housing market! #JeffLitton #HomeSmartProfessionals

As Feds keep interest rates at 0 to support the housing market, mortgage rates now sit at the lowest ever in Freddie Mac's near-50-year history! #JeffLitton #HomeSmartProfessionals

All numbers are up! Vacation homes rose to 109,100 in July-September 2020, a 44% gain compared to the same period last year. #JeffLitton #HomeSmartProfessionals

What's in store for 2021? Mortgages Home Sales Sales Prices New Home Sales... Forbearance See what the experts have to say! #JeffLitton #HomeSmartProfessionals See more

While 2020 has been uniquely challenging, the housing market still emerged as an economic bright spot. Here are a few things real estate industry can be grateful for this year. #JeffLitton #HomeSmartProfessionals

Home buyers and owners are lining up! As interest rates fell below 3% on 30-year fixed-rate loans, demand for mortgages spiked nationwide. Mortgage origination of Q3 2020 listed an increase of 17% from Q2 and 45% from last year - the highest level in 13 years #JeffLitton #HomeSmartProfessionals

How could the pandemic-driven shift in the Labor Market affect Housing? Here's what First American Chief Economist Mark Fleming has to say! #JeffLitton #HomeSmartProfessionals

Single-family homes for rent are going quick! Latest CoreLogic data says rent for a single-family home grew by 2.5% year-over-year. Rather than economic and health improvement, experts say it is due to a tight market and low inventory. Invest today! #JeffLitton #HomeSmartProfessionals

A demographic shift is happening! 85% of existing-home sales buyers purchased houses in the suburbs, or in smaller, less dense counties. Click to see the facts and the figures! #JeffLitton #HomeSmartProfessionals

First American Deputy Chief Economist Odeta Kushi explains why today's housing market is stronger than before, despite the economic hardship due to COVID-19. Check out the facts and figures below! #JeffLitton #HomeSmartProfessionals