Many may think home prices will depreciate due to the economic slowdown from the coronavirus, but experts disagree. As we approach the second half of this year, we may actually see home prices rise even higher given the lack of homes for sale. Supply and Demand Determine Home Prices. For more details on Supply and… [Read More]
Recovery to Begin in 2nd Half of Year
The vast majority of economists, analysts, and financial institutions are in unison, indicating an economic recovery should begin in the second half of 2020. Agreement among these leading experts is stronger than ever. For more details on Economist Say Recovery to Begin in 2nd Half of Year – click here. PLUS, whenever you’re ready, don’t… [Read More]
Coronavirus is Changing Home Appraisals
Coronavirus has changed the way we do a LOT of things – it is also changing home appraisals. People became more leery about visiting someone’s home or having someone come into their home to walk it for an appraisal. Appraisals can be expensive – $400 – $750. It certainly helps the buyer if they don’t… [Read More]
Interest Rates Close to Historically Low Level
-Mortgage interest rates have dropped considerably this spring and are hovering at a historically low level. -Locking in at a low rate today could save you thousands of dollars over the lifetime of your home loan. -Let’s connect to determine the best way to position yourself for a move in today’s market. PLUS, whenever you’re… [Read More]
Will Unemployment Crush Home Sales
Some people are fearful that Unemployment crush home sales. Ten million Americans lost their jobs over the last two weeks. The next announced unemployment rate on May 8th is expected to be in the double digits. Because the health crisis brought the economy to a screeching halt, many are feeling a personal financial crisis. James… [Read More]
How Does COVID-19 Affect Home Values
What Impact Might COVID-19 Have on Home Values? A big challenge facing the housing industry is determining what impact the current pandemic may have on home values. Some buyers are hoping for major price reductions because the health crisis is straining the economy. The price of any item, however, is determined by supply and demand,… [Read More]
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