A recent survey by Lending Tree tapped into behaviors of over 1,000 prospective buyers. The results indicated 53% of all homebuyers are more likely to buy a home in the next year, even amid the current health crisis. The survey further revealed why, naming several reasons buyers are more likely to move this year (see graph below):
A recent survey by Lending Tree tapped into behaviors of over 1,000 prospective buyers. The results indicated 53% of all homebuyers are more likely to buy a home in the next year, even amid the current health crisis. The survey further revealed why, naming several reasons buyers are more likely to move this year (see graph below):
On Monday, the National Bureau of Economic Research (NBER) announced that the U.S. economy is officially in a recession. This did not come as a surprise to many, as the Bureau defines a recession this way:
“A recession is a significant decline in economic activity spread across the economy, normally visible in production, employment, and other indicators. A recession begins when the economy reaches a peak of economic activity and ends when the economy reaches its trough. Between trough and peak, the economy is in an expansion.”
Everyone realizes that the pandemic shut down the country earlier this year, causing a “significant decline in economic activity.”
Though not surprising, headlines announcing the country is in a recession will cause consumers to remember the devastating impact the last recession had on the housing market just over a decade ago.
The real estate market, however, is in a totally different position:
On Monday, the National Bureau of Economic Research (NBER) announced that the U.S. economy is officially in a recession. This did not come as a surprise to many, as the Bureau defines a recession this way:
“A recession is a significant decline in economic activity spread across the economy, normally visible in production, employment, and other indicators. A recession begins when the economy reaches a peak of economic activity and ends when the economy reaches its trough. Between trough and peak, the economy is in an expansion.”
Everyone realizes that the pandemic shut down the country earlier this year, causing a “significant decline in economic activity.”
Though not surprising, headlines announcing the country is in a recession will cause consumers to remember the devastating impact the last recession had on the housing market just over a decade ago.
The real estate market, however, is in a totally different position:
It can be tempting to skip ahead to the exciting stages of a remodel, like choosing your paint colors and fixtures. To ensure your remodel is a success instead of a stress, however, take these steps first.
It can be tempting to skip ahead to the exciting stages of a remodel, like choosing your paint colors and fixtures. To ensure your remodel is a success instead of a stress, however, take these steps first.
Do you have a system for selecting your home service professionals for your projects? What standards have you set? And what process do you have to pick the best? Use this article to answer all the above.
Do you have a system for selecting your home service professionals for your projects? What standards have you set? And what process do you have to pick the best? Use this article to answer all the above.
In addition to the wear and tear that’s inevitable when kids play and tumble, everything from high chairs to Hot Wheels can cause even more damage. Follow this guide and you'll have everything you need to pick the best hardwood flooring for your family...
In addition to the wear and tear that’s inevitable when kids play and tumble, everything from high chairs to Hot Wheels can cause even more damage. Follow this guide and you'll have everything you need to pick the best hardwood flooring for your family...
There are pros and cons to just about everything in life, and the choices you make for your home are no exception. Take, for instance, carpet flooring. Here, we take a look at the top three benefits of carpet. You can decide for yourself what factors are most important to you.
There are pros and cons to just about everything in life, and the choices you make for your home are no exception. Take, for instance, carpet flooring. Here, we take a look at the top three benefits of carpet. You can decide for yourself what factors are most important to you.
How easy is it to keep a hardwood floor up? How does it hold up over time? That depends on the type of hardwood you elect, as well as the finish and other factors. With so many options, use this article as your guide to choose the best hardwood option for your ideal floor maintenance.
How easy is it to keep a hardwood floor up? How does it hold up over time? That depends on the type of hardwood you elect, as well as the finish and other factors. With so many options, use this article as your guide to choose the best hardwood option for your ideal floor maintenance.
There will always be that time when your own handyman skills aren’t enough. If you ignore this and power through a DIY project anyway, you could end up causing more damage and wasting more of your time and money later. Take a look at our top three handyman jobs you should always call a pro for.
There will always be that time when your own handyman skills aren’t enough. If you ignore this and power through a DIY project anyway, you could end up causing more damage and wasting more of your time and money later. Take a look at our top three handyman jobs you should always call a pro for.
All eyes are on the American economy. As it goes, so does the world economy. With states beginning to reopen, the question becomes: which sectors of the economy will drive its recovery? There seems to be a growing consensus that the housing market is positioned to be that driving force, the tailwind that is necessary. Some may question that assertion as they look back on the last recession in 2008 when housing was the anchor to the economy – holding it back from sailing forward. But even then, the overall economy did not begin to recover until the real estate market started to regain its strength. This time, the housing market was in great shape when the virus hit. As Mark Fleming, Chief Economist of First American, recently explained: (Article Continues)
All eyes are on the American economy. As it goes, so does the world economy. With states beginning to reopen, the question becomes: which sectors of the economy will drive its recovery? There seems to be a growing consensus that the housing market is positioned to be that driving force, the tailwind that is necessary. Some may question that assertion as they look back on the last recession in 2008 when housing was the anchor to the economy – holding it back from sailing forward. But even then, the overall economy did not begin to recover until the real estate market started to regain its strength. This time, the housing market was in great shape when the virus hit. As Mark Fleming, Chief Economist of First American, recently explained: (Article Continues)
At Valor, exceptional craftsmanship is one of our brand promises, but not just because we deliver it. We also raise the bar of industry standards as a whole. Use this article to learn what materials and considerations go into your hardwood repair.
At Valor, exceptional craftsmanship is one of our brand promises, but not just because we deliver it. We also raise the bar of industry standards as a whole. Use this article to learn what materials and considerations go into your hardwood repair.
There is only one way to put your home listing here, on the home page of ofallon365.com, and that is to list with George Sykes, Broker, Worth Clark Realty. Text 618-531-4000 to find out how.
Current Residential Home Inventory for O'Fallon, IL
