Terri

Earlier this month, the Bureau of Labor Statistics released their most recent Jobs Report. The report revealed that the economy lost 140,000 jobs in December. That’s a devastating number and dramatically impacts those households that lost a source of income. However, we need to give it some context. Greg Ip, Chief Economics Commentator at the Wall Street Journal, explains: "The economy is probably not slipping back into recession. The drop was induced by new restrictions on t...he activity as the pandemic raged out of control. Leisure and hospitality, which includes restaurants, hotels, and amusement parks, tumbled 498,000." For the households that lost a wage earner, these are extremely difficult times. Hopefully, the new stimulus package will lessen some of their pain. To Learn More https://bit.ly/3pelcml #TerriHarkinsRealEstateBlogs #TerriHarkins #2021JobMarket

The third quarter Home Building Geography Index reveals that a suburban shift for consumer home buying preferences in the wake of the COVID-19 pandemic is accelerating as telecommuting is providing consumers more flexibility to live further out within large metros or even to relocate to more affordable, smaller metro areas. As we look beyond the trials of the pandemic, many are hoping for a new beginning, and that may mean moving. To Learn More https://bit.ly/3plja3N... #TerriHarkinsRealEstateBlogs #TerriHarkins #MovingOut

Thinking about moving but wondering what your current home is worth? Click the link to find your home's value, free! Want to know how much your home is worth? Find out now! https://hmbt.co/cFdA64 Call Terri Harkins now at this number 310-507-5746 ... #TerriHarkins #VistaSothebys #HomeEvaluation

If you’re one of the many homeowners thinking about taking your house off the market for the holidays, hang on. Here’s why this month is the optimal time to make sure your house is available for holiday buyers. When the supply of houses for sale is as low as it is today, it’s much harder for buyers to find homes to purchase. This means competition among purchasers rises and more bidding wars take place, making it essential for buyers to submit very attractive offers. Today, t...here are many buyers who are ready, willing, and able to purchase. Record-low mortgage rates and a year filled with unique changes have prompted buyers to think differently about where they live and to take action. The supply of homes for sale is not keeping up with this high demand, making now the optimal time to sell your house. To Learn More https://bit.ly/3oMy6Yg #TerriHarkinsRealEstateBlogs #TerriHarkins #SellHouse #HolidaySeason

The challenges brought on by the health crisis have also forced many homeowners to reevaluate their space and what they need in a home going into 2021. Future Home Sales Are Forecasted to Grow While the economy improves and interest rates remain low, homes are also expected to continue appreciating as more people buy in the coming year.... To Learn More https://bit.ly/3asaGmO #TerriHarkinsRealEstateBlogs #TerriHarkins #RealEstate #2021

In a year that was financially devastating for many Americans, some good news for most homeowners is the dramatic gain in home equity over the last twelve months. The average homeowner gained approximately $17,000 in equity over the past year. This is a 10.8% increase in equity over last year. The average household with a mortgage now has $194,000 in home equity. This build-up in equity also gives more options to homeowners who have been financially impacted by the pandemic. ...Today, homeowners with substantial equity are in a much better position to work out a deal with their lender if they cannot pay their mortgage. Alternatively, they also have the power to sell and walk away with their equity in the form of cash or as a down payment toward a more affordable house. This gain in home equity is a blessing for homeowners in these trying times, and it seems that the next two years will continue to reward those who own a home. To Learn More https://bit.ly/38k9n6N #TerriHarkinsRealEstateBlogs #TerriHarkins #HomeownerEquity

The truth of the matter is, even though homes have appreciated by a whopping 6.7% over the last twelve months, the cost to buy a home has actually dropped. Let’s take a look at the monthly mortgage payment on a $300,000 house one year ago, and then compare it with that same home today, after it has appreciated by 6.7% to $320,100. Compared to this time last year, you’ll actually save $87 dollars a month by purchasing that home today, which equates to over one thousand dollars a year. To Learn More https://bit.ly/39cLGiM #TerriHarkinsRealEstateBlogs #TerriHarkins #BuyingHome #FinancialMove