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10/20 Market Update

By Madison Blean of Lawyer's Title - October 20, 2020
10/20 Market Update   Residential real estate is outperforming the rest of the economy. The strong market going into the pandemic combined with historic low interest rates enabled to us to get here. We learned that these low rates trump COVID and our home is our castle. Despite the unexpected growth we are experiencing today, many experts are seeing warning signs around future affordability

9/30 Market Update

By Madison Blean w/ Lawyer's Title - September 30, 2020
9/30 Market Update   As we approach the 4th quarter new and/or updated projections for the coming year are emerging. Politics aside, nothing about 2020 has been predictable; economists and analysts struggle to make sense of it all. “The US economy and labor market are recovering from the coronavirus-related downturn more quickly than previously expected, economists said in a mont

9/24 Market Update

By Madison Blean w/ Lawyer's Title - September 24, 2020
9/24 Market Update   Let’s start with seemingly the most talked about topic right now, forbearance. Forbearance: Mortgages in forbearance dropped to 7.01% last week from 7.16% putting roughly 3.5 million homeowners in forbearance plans. (MBA) 9.48% of the forbearance exits were due to permanent loan modifications. (MBA) 33.69% of loans in forbearance are in the initial plan stat

Not Expecting This!

By Eric Karlene - September 22, 2020
  Seasonally things start to slow down a little bit after the kids go back to school. When I saw this report, I was actually surprised. I thought things would be leveling off. I follow the Cromford report daily to see what changes are happening in the market. This is what they posted today. "I have to admit I was not expecting the daily CMI chart to look like this: Having reached a pl

9/16 Market Update

By Madison Blean of Lawyer's Title - September 16, 2020
9/16 Market Update The intensity of today’s market is somewhat reflective of the 2005 housing market giving many people 2008 PTSD. Although the market may feel similar, in reality, it is very different. You must ignore the headlines and remember the media’s goal is to increase eyeballs for advertisers. Shocking stories sell. And you have to remember, every market is different. The Pho

Real Estate with Eric

By Eric Karlene - September 15, 2020

Three Offers per Sold Property

By Eric Karlene - September 14, 2020
  With so much buyer interest in the limited number of houses going up for sale right now, many hopeful homebuyers are being faced with competition when they put an offer on a house. DM me so we can go over what you need to know to successfully navigate a bidding war. #biddingwars #buyingahome #expertanswers #stayinformed #staycurrent #powerfuldecisions #confidentdecisions #realestate #re

Homebuyer Traffic Is on the Rise

By Eric Karlene - September 10, 2020
  One of the biggest surprises of 2020 is the resilience of the residential real estate market. Lawrence Yun, Chief Economist of the National Association of Realtors (NAR), is now forecasting that more homes will sell this year than last year. He’s also predicting home sales to increase by 8-12% next year. There’s strong evidence that he w

9/9 Market Update

By Madison Blean of Lawyer's Title - September 09, 2020
9/9 Market Update National Real Estate: Residential real estate is providing the most significant boost to the economy. While other industries struggle residential real estate is going gangbusters and is a part of the solution. “Perhaps in the middle of 2021, we will have more semblance of a balanced market.” Dr. Lawrence Yun, NAR Matthew Gardner, Windermere’s Chief Econom

Should I Sell My House This Year?

By Eric Karlene - September 04, 2020
  If one of the questions you’re asking yourself today is, “Should I sell my house this year?” the current Housing Opportunities and Market Experience (HOME) Survey from the National Association of Realtors® (NAR) should boost your confidence as it relates to the current selling sentiment in the housing market. Even with all the

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