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Real Estate Is Driving the Economy

Real Estate Is Driving the Economy

The housing market is playing a major role in today’s economic recovery. Many have gone through major changes in their lives this year. From unemployment, to working from home, to homeschooling. These changes all contribute to people contemplating whether they should buy or sell today. The high buyer demand coupled with the low housing inventory […]

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Sellers Are Returning to the Housing Market

Today’s housing market has low supply and high demand. As a result it can be difficult for buyers to get a home under contract. We are slowing seeing that sellers are coming back on the market. This is a great opportunity for buyers. Javier Vivas, Director of Economic Research at realtor.com, explains: “Seller confidence has been improving gradually after […]

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Homebuyers are Purchasing Today

Mortgage rates are at a historic low and are projected to remain low through the next year. This is a big incentive for homebuyers. Low interest rates means lower monthly payment or higher buying power. Homeowners who are looking to sell also have an opportunity to take advantage of those eager homebuyers. According to FreddieMac: […]

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The Housing Market will Help Bring the Economy Back Up

With the unprecedented pandemic and states starting to reopen, all focus is on the American Economy. The major question is what sectors of the economy will contribute and drive its recovery? The great news is that many experts agree that the housing market will drive the economy to recovery. In the 2008 recession, the housing […]

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Why We Won’t See As Many Foreclosures Today As In 2008

Unemployment claims have spiked over the past month and consumer fear has spread. Many of the unemployed have found jobs in industries such as delivery, retail, healthcare, grocery stores, etc, however millions are still unemployed. There is high uncertainty in today’s market and for this reason it is important to understand what unemployment means to […]

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Rise to the Top by Selling Your South Florida House Today

With the release of the latest Economic Pulse Flash Survey from the National Association of Realtors (NAR), results show that people selling their Florida houses today are holding strong on price. According to the most recent data, 74% of real estate agents noted that sellers are not dropping listing prices to attract more buyers. Lawrence Yun, Chief Economist at NAR, noted: “The housing […]

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Recession? Yes. Housing Crash? No.

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. That is – if it’s not in one already. What does that mean to the residential real estate market? What is a recession? According to the National Bureau of Economic Research: “A recession […]

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Think This Is a Housing Crisis? Think Again.

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 experienced financial hardships, lost homes, and were out of work during the […]

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