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America Is Another Name for Opportunity [INFOGRAPHIC]

By chriscollins | July 3, 2020

from Simplifying the Market™ https://ift.tt/2ZzsCEZ via IFTTTChris Collins Realtor® Schertz, Garden Ridge, Cibolo, San Antonio, Boerne, Bulverde.

Is the Health Crisis Driving Buyers Out of Urban Areas?

By chriscollins | July 2, 2020

The pandemic has caused consumers to re-examine the components that make up the “perfect home.” Many families are no longer comfortable with the locations and layouts of their existing homes. The allure of city life (more congested) seems to be giving way to either suburban or rural life (less congested). The fascination with an open…

A Historic Rebound for the Housing Market

By chriscollins | July 1, 2020

Pending 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?

By chriscollins | June 30, 2020

In 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?

By chriscollins | June 29, 2020

One 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.…

Think You Should For Sale By Owner? Think Again [INFOGRAPHIC]

By chriscollins | June 26, 2020

Some Highlights  For Sale By Owner (FSBO) is the process of selling real estate without the representation of a real estate broker or real estate agent. According to the National Association of Realtors’ Profile of Home Buyers & Sellers, 35% of homeowners who decided to FSBO last year did so to avoid paying a commission or fee. But,…

New Index Reveals Impact of COVID-19 on Real Estate

By chriscollins | June 25, 2020

Earlier 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…

Should We Be Looking at Unemployment Numbers Differently?

By chriscollins | June 24, 2020

The New York Times recently ran an article regarding unemployment titled: Don’t Cheer Too Soon. Keep an Eye on the Core Jobless Rate. The piece suggests we should look at unemployment numbers somewhat differently. The author of the article, Jed Kolko, is a well-respected economist who is currently the Chief Economist at Indeed, the world’s…

What Are the Experts Saying About Future Home Prices?

By chriscollins | June 23, 2020

A worldwide pandemic and an economic recession have had a tremendous effect on the nation. The uncertainty brought about by both has made predicting consumer behavior nearly impossible. For that reason, forecasting home prices has become extremely difficult. Normally, there’s a simple formula to determine the future price of any item: calculate the supply of…

Homebuyers Are in the Mood to Buy Today

By chriscollins | June 22, 2020

According 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…

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