by douglindstrom | Oct 19, 2020 | Interest Rates & Mortgage Data, Market Statistics, Musings & Ramblings
The 2020 housing market has surpassed all expectations and continues to drive the nation’s economic recovery. The question is, will this positive trend continue throughout the rest of the year, especially given the uncertainty around the current health crisis, the...
by douglindstrom | Oct 15, 2020 | Interest Rates & Mortgage Data, Musings & Ramblings
Earlier this year when the nation pressed pause on the economy and unemployment rates jumped up significantly, many homeowners were immediately concerned about being able to pay their mortgages, and understandably so. To assist in this challenging time, two protection...
by douglindstrom | Oct 13, 2020 | Interest Rates & Mortgage Data, Musings & Ramblings
One of the biggest misconceptions for first-time homebuyers is how much you’ll need to save for a down payment. Contrary to popular belief, you don’t always have to put 20% down to buy a house. Here’s how it breaks down. A recent survey by Point2Homes mentions that...
by douglindstrom | Sep 30, 2020 | Interest Rates & Mortgage Data, Market Statistics, Musings & Ramblings, No Brainer Listing, Our Services, Your Advantage, Tips & Tools for Home Sellers
If you’re thinking about moving, selling your house this fall might be the way to go. Here are four highlights in the housing market that may make your decision to sell this fall an easy one. 1. Buyers Are Actively in the Market ShowingTime, a leading real estate...
by douglindstrom | Sep 22, 2020 | Interest Rates & Mortgage Data, Market Statistics, Musings & Ramblings, Tips & Tools for Home Buyers, Tips & Tools for Home Sellers
Housing inventory is at an all-time low. There are 39% fewer homes for sale today than at this time last year, and buyer demand continues to set records. Zillow recently reported: “Newly pending sales are up 25.5% compared to the same week last year, the highest...
by douglindstrom | Aug 25, 2020 | Interest Rates & Mortgage Data, Market Statistics, Musings & Ramblings
When shelter-in-place orders brought the economy to a screeching halt earlier this year, many believed the residential housing market would follow suit. Countless analysts predicted buyer demand would disappear and home values would depreciate for the first time in...
by douglindstrom | Aug 24, 2020 | Interest Rates & Mortgage Data, Market Statistics, Musings & Ramblings, Tips & Tools for Home Buyers, Tips & Tools for Home Sellers
Today, Americans are moving for a variety of different reasons. The current health crisis has truly re-shaped our lifestyles and our needs. Spending extra time where we currently live is enabling many families to re-evaluate what homeownership means and what they find...
by douglindstrom | Aug 14, 2020 | Interest Rates & Mortgage Data, Musings & Ramblings
Some Highlights Sometimes it helps to see the dollars and cents you’ll save when you purchase a home while mortgage rates are low. Today’s low rates mean it’s less expensive to borrow money, so the savings over the life of your loan is significant. Let’s connect to...
by douglindstrom | Aug 13, 2020 | Interest Rates & Mortgage Data, Market Statistics, Musings & Ramblings, Tips & Tools for Home Buyers
Today, home prices are appreciating. When we hear prices are going up, it’s normal to think a home will cost more as the trend continues. The way the housing market is positioned today, however, low mortgage rates are actually making homes more affordable, even as...
by douglindstrom | Jul 17, 2020 | Interest Rates & Mortgage Data, Musings & Ramblings
Some Highlights Mortgage rates hit another all-time low, falling below 3% this week. If you’re ready to buy a home, now is a great time to truly get more for your money at this historic moment. Let’s connect today to determine your best next steps toward...
by douglindstrom | Jul 15, 2020 | Interest Rates & Mortgage Data, Musings & Ramblings
Over the past several weeks, Freddie Mac has reported the average 30-year fixed mortgage rate dropping to record lows, all the way down to 3.03%. Last week’s reported rate reached the lowest point in the history of the survey, which dates back to 1971 (See graph...
by douglindstrom | May 27, 2020 | Interest Rates & Mortgage Data, Market Statistics, Musings & Ramblings
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...
by douglindstrom | May 22, 2020 | Interest Rates & Mortgage Data, Musings & Ramblings
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. Let’s connect to determine the...
by douglindstrom | Apr 30, 2020 | Interest Rates & Mortgage Data, Market Statistics, Musings & Ramblings
With businesses starting to slowly open back up again in some parts of the country, it’s important to understand how housing can have a major impact on the recovery of the U.S. economy. As we’ve mentioned before, buying a home is a driving financial force...
by douglindstrom | Apr 29, 2020 | Interest Rates & Mortgage Data, Musings & Ramblings, Tips & Tools for Home Buyers
Through all the volatility in the economy right now, some have put their search for a home on hold, yet others have not. According to ShowingTime, the real estate industry’s leading showing management technology provider, buyers have started to reappear over the...
by douglindstrom | Apr 20, 2020 | Interest Rates & Mortgage Data, Market Statistics, Tips & Tools for Home Buyers, Tips & Tools for Home Sellers
by douglindstrom | Apr 15, 2020 | Interest Rates & Mortgage Data, Market Statistics, Musings & Ramblings, Tips & Tools for Home Buyers, Tips & Tools for Home Sellers
With all of the unanswered questions caused by COVID-19 and the economic slowdown we’re experiencing across the country today, many are asking if the housing market is in trouble. For those who remember 2008, it’s logical to ask that question. Many of us...
by douglindstrom | Apr 13, 2020 | Interest Rates & Mortgage Data, Market Statistics, Musings & Ramblings, Tips & Tools for Home Buyers, Tips & Tools for Home Sellers
With over 90% of Americans now under a shelter-in-place order, many experts are warning that the American economy is heading toward a recession, if it’s not in one already. What does that mean to the residential real estate market? What is a recession? According...
by douglindstrom | Apr 3, 2020 | Interest Rates & Mortgage Data, Market Statistics, Musings & Ramblings, Tips & Tools for Home Buyers, Tips & Tools for Home Sellers
Some Highlights Expert insights are painting a bright future for housing when the economy bounces back – and it will. We may be facing challenging economic times today, but the housing market is poised to help the economy recover, not drag it down. Let’s...
by douglindstrom | Apr 2, 2020 | Interest Rates & Mortgage Data, Market Statistics, Musings & Ramblings, Tips & Tools for Home Buyers, Tips & Tools for Home Sellers
As our lives, our businesses, and the world we live in change day by day, we’re all left wondering how long this will last. How long will we feel the effects of the coronavirus? How deep will the impact go? The human toll may forever change families, but the...