A Historic Rebound for the Housing Market

Posted on

A Historic Rebound for the Housing Market | Simplifying The MarketPending 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 […]

Are New Homes Going to Be Available to Buy This Year?

Posted on

Are New Homes Going to Be Available to Buy This Year? | Simplifying The MarketIn today’s economy, everyone seems to be searching for signs that a recovery is coming soon. Many experts agree that it may actually already be in motion or will be starting by the 3rd quarter of this year. With the housing market positioned to lead the way out of this recession, builder confidence might be […]

What Are Experts Saying About the Rest of 2020?

Posted on

What Are Experts Saying About the Rest of 2020? | Simplifying The MarketOne of the biggest questions on everyone’s minds these days is: What’s going to happen to the housing market in the second half of the year? Based on recent data on the economy, unemployment, real estate, and more, many economists are revising their forecasts for the remainder of 2020 – and the outlook is extremely encouraging. […]

New Index Reveals Impact of COVID-19 on Real Estate

Posted on

New Index Reveals Impact of COVID-19 on Real Estate | Simplifying The MarketEarlier this month, realtor.com announced the release of their initial Housing Recovery Index, a weekly guide showing how the pandemic has impacted the residential real estate market. The index leverages a weighted average of four key components of the housing industry, tracking each of the following: Housing Demand – Growth in online search activity Home […]

Homebuyers Are in the Mood to Buy Today

Posted on

Homebuyers Are in the Mood to Buy Today | Simplifying The MarketAccording to the latest FreddieMac Quarterly Forecast, mortgage interest rates have fallen to historically low levels this spring and they’re projected to remain low. This means there’s a huge incentive for buyers who are ready to purchase. And homeowners looking for eager buyers can take advantage of this opportune time to sell as well. There’s […]

Homebuyers Are in the Mood to Buy Today

Posted on

Homebuyers Are in the Mood to Buy Today | Simplifying The MarketAccording to the latest FreddieMac Quarterly Forecast, mortgage interest rates have fallen to historically low levels this spring and they’re projected to remain low. This means there’s a huge incentive for buyers who are ready to purchase. And homeowners looking for eager buyers can take advantage of this opportune time to sell as well. There’s […]

Are You Ready for the Summer Housing Market?

Posted on

Are You Ready for the Summer Housing Market? | Simplifying The MarketAs the health crisis started making its way throughout our country earlier this spring, sellers have been cautious about putting their homes on the market. This hesitation stemmed primarily from fear of the spread of the coronavirus, and understandably so. This abundant caution has greatly impacted the number of homes for sale and slowed the […]

Are You Ready for the Summer Housing Market?

Posted on

Are You Ready for the Summer Housing Market? | Simplifying The MarketAs the health crisis started making its way throughout our country earlier this spring, sellers have been cautious about putting their homes on the market. This hesitation stemmed primarily from fear of the spread of the coronavirus, and understandably so. This abundant caution has greatly impacted the number of homes for sale and slowed the […]

Is a Recession Here? Yes. Does that Mean a Housing Crash? No.

Posted on

Is a Recession Here? Yes. Does that Mean a Housing Crash? No. | Simplifying The MarketOn Monday, the National Bureau of Economic Research (NBER) announced that the U.S. economy is officially in a recession. This did not come as a surprise to many, as the Bureau defines a recession this way: “A recession is a significant decline in economic activity spread across the economy, normally visible in production, employment, and […]

Is a Recession Here? Yes. Does that Mean a Housing Crash? No.

Posted on

Is a Recession Here? Yes. Does that Mean a Housing Crash? No. | Simplifying The MarketOn Monday, the National Bureau of Economic Research (NBER) announced that the U.S. economy is officially in a recession. This did not come as a surprise to many, as the Bureau defines a recession this way: “A recession is a significant decline in economic activity spread across the economy, normally visible in production, employment, and […]