28
May 20

Before and After: A $36 Project Turns a Plain Bedroom into a Colorful Wonderland


The “after” looks like a magical garden.
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28
May 20

The Best Ceiling Paint Color for Every Type of Room


If you’re in search of another way to spice up your home, consider painting your ceilings your next big project. I’m not talking the typical white paint here either but rather colors that are bright, energetic, or even moody. Keep in mind though that the type of paint you choose—as well as the shade you select—can have a big impact on the end result.
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28
May 20

This Iconic Compact Pasta Maker Will Save You Time, Energy, and Money (It’s 40% Off Right Now!)


Fresh, delicious pasta without an extra ounce of effort from you!
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28
May 20

Master How to Fill Empty Corners With These Style Ideas


We’ve all got them—you know, those awkward empty spaces that are a little too small for an accent chair but way too big for just a side table. If blank spaces are making you uncomfortable, the good news is that you’ve got plenty of options for filling them without cluttering up your home.What are a few of the best empty space solutions? Well, plant parents will be pleased to hear that they have another excuse to go out and buy a few more indoor trees and succulents.
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28
May 20

Refinancing During the Pandemic Can Save You Over $700 a Year


Here’s what’s changed about the process.
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27
May 20

Why This Summer Is the 2020 Real Estate Season

Why This Summer Is the 2020 Real Estate Season | Simplifying The Market

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.

Joel Kan, Economist at The Mortgage Bankers Association (MBA) notes:

“Applications for home purchases continue to recover from April’s sizable drop and have now increased for five consecutive weeks…Government purchase applications, which include FHA, VA, and USDA loans, are now 5 percent higher than a year ago, which is an encouraging turnaround after the weakness seen over the past two months.”

Additionally, according to Google Trends, which scores search terms online, searches for real estate increased from 68 points the week of March 15th to 92 points last week. As we can see, more potential homebuyers are looking for homes virtually.

What’s the Opportunity for Buyers?

Another reason buyers are coming back to the market, even with forced unemployment and stay-at-home orders, is historically low mortgage rates. Sam Khater, Chief Economist at Freddie Mac indicates:

“For the fourth consecutive week, the 30-year fixed-rate mortgage has been below 3.30 percent, giving potential buyers a good reason to continue shopping even amid the pandemic…As states reopen, we’re seeing purchase demand improve remarkably fast, now essentially flat relative to a year ago.”

With mortgage rates at such low levels and states gradually beginning to reopen, there’s more incentive than ever to buy a home this summer.

What’s the Opportunity for Sellers?

Finding a home to buy, however, is still a challenge, as this spring sellers removed many listings from the market. Though more people are now putting their houses up for sale this month as compared to last month, current inventory is still well below last year’s level.

According to last week’s Weekly Economic and Housing Market Update from realtor.com:

“Weekly Housing Inventory showed continued tightening. New Listings declined 28% compared with a year ago, as sellers grappled with uncertainty and hesitated bringing homes to market. Total Listings dropped 20% YoY, a faster rate than in prior weeks, leaving very few homes available for sale. As Time on Market was 15 days slower YoY, asking prices moved up 1.5% YoY.”

If you’re thinking of selling your house this summer, now may be your best opportunity. With so few homes on the market for buyers to purchase, this season may be the time for your house to stand out from the crowd. Trusted real estate professionals can help you list safely and effectively, keeping your family’s needs top of mind. Buyers are looking, and your house may be at the top of their list.

Bottom Line

If you’re thinking of selling, many buyers may be eager to find a home just like yours. Let’s connect today to make sure you can get your house in on the action this summer.

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27
May 20

Before and After: A $700 Redo Turns a Dining Room into a Cozy Home Office


It’s beautiful and practical.
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27
May 20

Mermaid Tail Succulents Are Real and They’re Beautiful


This whimsical plant is called a Crested Senecio Vitalis, and it gets that mermaid look due to fasciation, a process that causes a plant to flatten and grow upwards and outwards instead of towards the light like most other plants do.
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27
May 20

This New Bedding Brand is Like if Parachute and Magnolia Home Had a Baby


And it’s perfect for your summer bed.
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27
May 20

Bad News? Pier 1 is Closing. Good News? Here are 8 Alternatives to Shop Instead


These places will help fill the Pier 1-shaped hole in your heart.
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