Talk of a housing bubble is beginning to crop up as home prices have appreciated at a rapid pace this year. This is understandable since the appreciation of residential real estate is well above historic annual averages. According to the Federal Housing Finance Agency (FHFA), annual appreciation since 1991 has averaged 3.8%. Here are the latest 2020 appreciation numbers from three reliable sources:
Are Home Prices Headed Toward Bubble Territory?
Posted on December 15, 2020 at 7:00 am
Jennifer Angel
Posted in Buyers, COVID-19, Housing Market Updates
An Honest Look at Unemployment Numbers
Last Friday, the Bureau of Labor Statistics released the November Jobs Report. It revealed that, though headed in the right direction, the nation’s job recovery has slowed. The consensus reaction is best exemplified by a quote from Glassdoor Senior Economist, Daniel Zhao:
A New Way to Shop for Homes in a Virtual World
In a year when we’re learning to do so much remotely, homebuying is no exception. From going to work to attending school, grocery shopping, and even seeing our doctors online, digital practices have changed the way we live. Continue reading
Why Working from Home May Spark Your Next Move
If you’ve been working from home this year, chances are you’ve been at it a little longer than you initially expected. Businesses all over the country have figured out how to operate remotely to keep their employees healthy, safe, and productive. For many, it may be carrying into next year, and possibly beyond.
Is it Safe to Sell My House Right Now?
Posted on November 17, 2020 at 7:00 am
Jennifer Angel
Posted in Buyer Tips, Buyers, COVID-19, Housing Market Updates
Housing Market on Track to Beat Last Year’s Success
Back in March, as the nation’s economy was shut down because of the coronavirus, many were predicting the real estate market would face a major collapse. Some forecasts called for a 15-20% decline in transactions. However, six months later, it seems as though the housing market has fully recovered.
Posted on October 5, 2020 at 7:00 am
Jennifer Angel
Posted in Buyer Tips, COVID-19, Housing Market Updates
The Latest Unemployment Rate Fell to 8.4%
Last Friday, the Bureau for Labor Statistics released their Employment Report for August 2020. The big surprise was that the unemployment rate fell to 8.4%, a full percent lower than what many analysts had forecasted earlier in the week. Though it is tough to look at this as great news when millions of Americans are still without work, the number of unemployed is currently much lower than most experts had projected it would be just a few months ago.
Posted on September 15, 2020 at 7:00 am
Jennifer Angel
Posted in Buyers, COVID-19, Housing Market Updates
Thank You, Essential Workers
To all essential workers on this Labor Day, thank you.
How Will the Presidential Election Impact Real Estate?
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.
Posted on September 8, 2020 at 7:00 am
Jennifer Angel
Posted in Buyer Tips, COVID-19, Housing Market Updates, Seller Tips
The Latest Unemployment Report: Slow and Steady Improvement
Last Friday, the Bureau of Labor Statistics (BLS) released its latest Employment Situation Summary. Going into the release, the expert consensus was for 1.58 million jobs to be added in July, and for the unemployment rate to fall to 10.5%.
