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Monthly Archives: May 2020

    Why This Summer Is the 2020 Real Estate Season

    By John Durham | May 27, 2020

    With stay-at-home orders starting to gradually lift throughout parts of the country, data indicates homebuyers are jumping back into the market. After many families put their plans on hold due to the COVID-19 pandemic, what we once called the busy spring real estate season is shifting into the summer. In 2020, summer is the new spring for real estate.... Read More

    Interest Rates Hover Near Historic All-Time Lows

    By John Durham | May 22, 2020

    Some Highlights Mortgage interest rates have dropped considerably this spring and are hovering at a historically low level. Locking in at a low rate today could save you thousands of dollars over the lifetime of your home loan. Reach out to a real estate professional to determine the best way to position yourself for a... Read More

    Experts Predict Economic Recovery Should Begin in the Second Half of the Year

    By John Durham | May 21, 2020

    One of the biggest questions we all seem to be asking these days is: When are we going to start to see an economic recovery? As the country begins to slowly reopen, moving forward in strategic phases, business activity will help bring our nation back to life. Many economists indicate a recovery should begin to happen in the... Read More

    6 Reasons Why Selling Your House on Your Own Is a Mistake

    By John Durham | May 20, 2020

    There are many benefits to working with a real estate professional when selling your house. During challenging times like the one we face today, it becomes even more important to have an expert help guide you through the process. If you’re considering selling on your own, known in the industry as a For Sale By Owner or FSBO, please consider... Read More

    Housing Market Positioned to Bring Back the Economy

    By John Durham | May 19, 2020

    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... Read More

    #1 Financial Benefit of Homeownership: Family Wealth

    By John Durham | May 18, 2020

    While growing up, we were taught by our parents and grandparents that owning a home is a financially savvy move. They explained how a mortgage is like a “forced savings plan.” When you pay rent, that money is lost forever. When you make a mortgage payment, much of that money accumulates as equity in the... Read More

    Will the Housing Market Turn Around This Year?

    By John Durham | May 14, 2020

    Today, many people are asking themselves if they should buy or sell a home in 2020. Some have shifted their plans or put them on hold over the past couple of months, and understandably so. Everyone seems to be wondering if the market is going to change and when the economy will turn around. If... Read More

    A Surprising Shift to the ‘Burbs May Be on the Rise

    By John Durham | May 13, 2020

    While many people across the U.S. have traditionally enjoyed the perks of an urban lifestyle, some who live in more populated city limits today are beginning to rethink their current neighborhoods. Being in close proximity to everything from the grocery store to local entertainment is definitely a perk, especially if you can also walk to... Read More

    Unemployment Report: No Need to Be Terrified

    By John Durham | May 12, 2020

    Last Friday, the Bureau of Labor Statistics (BLS) released its latest jobs report. It revealed that the economic shutdown made necessary by COVID-19 caused the unemployment rate to jump to 14.7%. Many anticipate that next month the percentage could be even higher. These numbers represent the extreme hardship so many families are experiencing right now.... Read More

    Will Home Values Appreciate or Depreciate in 2020?

    By John Durham | May 11, 2020

    With the housing market staggered to some degree by the health crisis the country is currently facing, some potential purchasers are questioning whether home values will be impacted. The price of any item is determined by supply as well as the market’s demand for that item. Each month the National Association of Realtors (NAR) surveys... Read More