by Matt Conway | Sep 23, 2020 | Housing Market Updates, Move-Up Buyers, Sellers
Last week, the National Association of Home Builders (NAHB) reported their Housing Market Index (HMI) hit an all-time high in the 35-year history of the series with a score of 83. The index gauges builder perceptions of current single-family home sales and sale...
by Matt Conway | Sep 22, 2020 | Buyer, First Time Home Buyers, Interest Rates, Move-Up Buyers
Housing inventory is at an all-time low. There are 39% fewer homes for sale today than at this time last year, and buyer demand continues to set records. Zillow recently reported: “Newly pending sales are up 25.5% compared to the same week last year, the highest...
by Matt Conway | Sep 21, 2020 | Buyers & Sellers, Housing Market Updates
Earlier this year, many economists and market analysts were predicting an apocalyptic financial downturn that would potentially rattle the U.S. economy for years to come. They immediately started to compare it to the Great Depression of a century ago. Six months...
by Matt Conway | Sep 18, 2020 | Housing Market Updates, Infographic, Sellers
Some Highlights Buyers are actively searching for and purchasing homes at a record-breaking pace. According to the latest report from the National Association of Realtors (NAR), in July, 68% of homes were on the market for less than a month. With homes moving from...
by Matt Conway | Sep 17, 2020 | Housing Market Updates, Interest Rates, Move-Up Buyers, Pricing, Sellers
Real estate continues to be called the ‘bright spot’ in the current economy, but there’s one thing that may hold the housing market back from achieving its full potential this year: the lack of homes for sale. Buyers are actively searching for and purchasing homes,...
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