> > > TAAR 5-County Housing Rebound
We have received many questions on how the real estate market is faring as a result of the Pandemic. The good news is the market is strong and following the line we had anticipated at the onset of COVID. For Sale inventories are tight, employment for the home buying market is stabilizing and interest rates are historically low. The low rates are causing an additional jump in demand. For Sellers, this is one of the best times in recent history to put your home on the market. For Buyers, be patient, have your mortgage ready to go and don’t be afraid to be aggressive with your offers. Some are projecting interest rates to fall further. That will drive up an equal increase in prices, so waiting for further rate reductions will not likely benefit buyers.
< 1 minute The recent rebound of home sales suggests the pandemic did not derail home buyers. Home price appreciation continues at a solid pace, reflecting fundamental strength in demand and the limited [...]
Buyers’ interests and expectations aren’t the same as they were when many of today’s sellers bought. Years of watching made-up “shows” on HGTV, passing through a major recession, and all […]
The 2008 recession took everyone by surprise when it took a 40% bite out of local real estate equity before bottoming out in 2011. The market has been on a […]