Posts in category 'A Message From Cjm'
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29
Today's Housing Market | A 20,000' View
Today's housing market conditions are truly unique and have never been seen before. The genesis of this housing cycle came about as a result of the 2008 Great Financial Crisis (GCF). The GFC and related housing crash caused a contraction in the broader housing industry and those effects are still with us today.
At that time, homeownership rates for American families were at 69%, the highest they have even been, and the annual residential resales were nearly 7 million units. This is compared to today's rates of 64% and 5 million respectively. As we can see by these numbers, this housing cycle is far off that of the GFC.
The story of today's market is about inve...
19
The #1 Reason Not to Wait to List Your House for Sale
Many industries have been devastated by the economic shutdown caused by the COVID-19 virus. Real estate is not one of them.
Mark Fleming, Chief Economist for First American, just reported:
"Since hitting a lo...
22
Best Time to Sell? When Competition Is at an All-Time Low
In a recent survey of home sellers by Qualtrics, 87% of respondents said they were concerned their home won't sell because of the pandemic and resulting economic recession. Of the respondents, 51% said...
28
Buying or Selling a Home? You Need an Expert Kind of Guide
In a normal housing market, whether you're buying or selling a home, you need an experienced guide to help you navigate through the process. You need someone you can turn to who will tell you how to price your home correctly right from the start. You need someone who can help you determine what to offer on your dream home without paying too much or offending the seller with a low-ball offer.
We are, however, in anything but a normal...
5
Confused About the Economic Recovery? Here's Why.
As we continue to work through the health crisis that plagues this country, more and more conversations are turning to economic recovery. While we look for signs that we've reached a plateau in cases of COVID-19, the concern and fear of what will happen as businesses open up again is on all of our minds. This causes confusion about what an economic recovery will look like. With this in mind, it's important to understand how economists are using thre...
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