The year 2020 will be remembered as one of the most challenging times of our lives. A worldwide pandemic, a recession causing historic unemployment, and a level of social unrest perhaps never seen before have all changed the way we live. Only the real estate market seems to be unaffected, as a new forecast projects there may be more homes purchased this year than last year.
As we come to the end of this tumultuous year, we’re preparing for perhaps the most contentious presidential election of the century. Today, it’s important to look at the impact past presidential election years have had on the real estate market.
The year 2020 will be remembered as one of the most challenging times of our lives. A worldwide pandemic, a recession causing historic unemployment, and a level of social unrest perhaps never seen before have all changed the way we live. Only the real estate market seems to be unaffected, as a new forecast projects there may be more homes purchased this year than last year.
As we come to the end of this tumultuous year, we’re preparing for perhaps the most contentious presidential election of the century. Today, it’s important to look at the impact past presidential election years have had on the real estate market.
With the strength of the current housing market growing every day and more Americans returning to work, a faster-than-expected recovery in the housing sector is already well underway. Regardless, many are still asking the question: will we see a wave of foreclosures as a result of the current crisis? Thankfully, research shows the number of foreclosures is expected to be much lower than what this country experienced during the last recession. Here’s why.
With the strength of the current housing market growing every day and more Americans returning to work, a faster-than-expected recovery in the housing sector is already well underway. Regardless, many are still asking the question: will we see a wave of foreclosures as a result of the current crisis? Thankfully, research shows the number of foreclosures is expected to be much lower than what this country experienced during the last recession. Here’s why.
As remote work continues on for many businesses and Americans weigh the risks of being in densely populated areas, will more people start to move out of bigger cities? Spending extra time at home and dreaming of more indoor and outdoor space is certainly sparking some interest among homebuyers. Early data shows an initial trend in this direction of moving from urban to suburban communities, but the question is: will the trend continue?
As remote work continues on for many businesses and Americans weigh the risks of being in densely populated areas, will more people start to move out of bigger cities? Spending extra time at home and dreaming of more indoor and outdoor space is certainly sparking some interest among homebuyers. Early data shows an initial trend in this direction of moving from urban to suburban communities, but the question is: will the trend continue?
I'm looking for a few specific homes to sell. I have buyer clients who are ready to purchase, and we can't find the perfect house in the MLS. Maybe you know of a matching property.
I'm looking for a few specific homes to sell. I have buyer clients who are ready to purchase, and we can't find the perfect house in the MLS. Maybe you know of a matching property.
Record-low interest rates are balancing out rising prices to keep buyers in the market this summer. DM me to learn more about why buying a home while interest rates are low is so powerful.
Record-low interest rates are balancing out rising prices to keep buyers in the market this summer. DM me to learn more about why buying a home while interest rates are low is so powerful.
According to Lawrence Yun, Chief Economist at NAR, “This has been a spectacular recovery for contract signings and goes to show the resiliency of American consumers and their evergreen desire for homeownership. This bounce back also speaks to how the housing sector could lead the way for a broader economic recovery.” DM me to learn why 2020 is shaping up to be a strong year to buy or sell a home.
According to Lawrence Yun, Chief Economist at NAR, “This has been a spectacular recovery for contract signings and goes to show the resiliency of American consumers and their evergreen desire for homeownership. This bounce back also speaks to how the housing sector could lead the way for a broader economic recovery.” DM me to learn why 2020 is shaping up to be a strong year to buy or sell a home.
With the number of homebuyers outweighing the number of houses being listed for sale this season, more and more people are facing bidding wars. Whether you’re buying a home or selling your house, DM me to talk about how we can simply and effectively navigate this process together.
With the number of homebuyers outweighing the number of houses being listed for sale this season, more and more people are facing bidding wars. Whether you’re buying a home or selling your house, DM me to talk about how we can simply and effectively navigate this process together.
For months now the vast majority of Americans have been asking the same question: When will the economy turn around? Many experts have been saying the housing market will lead the way to a recovery, and today we’re seeing signs of that coming to light. With record-low mortgage rates driving high demand from potential buyers, homes are being purchased at an accelerating pace, and it’s keeping the housing market and the economy moving.
Here’s a look at what a few of the experts have to say about today’s astonishing recovery. In more than one instance, it’s being noted as truly remarkable.
For months now the vast majority of Americans have been asking the same question: When will the economy turn around? Many experts have been saying the housing market will lead the way to a recovery, and today we’re seeing signs of that coming to light. With record-low mortgage rates driving high demand from potential buyers, homes are being purchased at an accelerating pace, and it’s keeping the housing market and the economy moving.
Here’s a look at what a few of the experts have to say about today’s astonishing recovery. In more than one instance, it’s being noted as truly remarkable.
Homeowner equity is continuing to rise year-over-year, meaning many families have more wealth to leverage than they may realize. DM me to learn how you can put your equity to use when selling your house and making your next move.
Homeowner equity is continuing to rise year-over-year, meaning many families have more wealth to leverage than they may realize. DM me to learn how you can put your equity to use when selling your house and making your next move.
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
