Posts from September 2020
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21
New Trend for 2020: What is a Zoom Town?
With this year's pandemic accelerating the shift towards remote work, living near the office is quickly becoming a thing of the past. With so many people working from home, many are taking advantage of the opportunity to reconsider their home's location. Not only is this spurring a quick recovery for the housing market, but it's also leading to an exciting new trend that's popping-up here in 2020: the rise of the Zoom Town.
So what exactly is a Zoom Town? It's often a beach town, lake town, or even just a peaceful secluded area of the country. More importantly, it's far away from the normal bustling cities that have traditionally served as the heart of the business world. Zoom Towns are seeing rapid growth this year, as many people are choosing to work where they vacation and vacation where they work.
9
How to Both Buy and Sell in Today's Market
With all of the economic chaos that is 2020, real estate has remained a bright spot.
There are 4 major economic factors affecting home prices:
- Unusually high buyer demand
- Historically low interest rates
- Near-historic low inventory
- Extra high buyer demand due to a major resettlement to northern New England of work-from-home buyers looking to move out of the major urban centers like Boston, New York City, metropolitan Connecticut & New Jersey.
As a home seller, you can take advantage of the market and, essentially, get a premium price for your home.
But here's the catch: you then have to become a buyer in the same market of low inventory & high de...
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