Over the past several weeks, Freddie Mac has reported the average 30-year fixed mortgage rate dropping to record lows.
We Are Seeing A Remarkable 2020 Housing Recovery
For months now the vast majority of Americans have been asking the same question: When will the economy turn around? Many experts have been saying the housing market will lead the way to a recovery, and today we’re seeing signs of that coming to light. With record-low mortgage rates driving high demand from potential buyers, homes are being purchased at an accelerating pace, and it’s … Read More
Real Estate Will Lead the Economic Recovery
According to experts, the economy will begin to recover in the second half of this year. With real estate as a driver, that recovery may start sooner than we think.
The Shocking News in the Unemployment Report
The Employment Situation Summary was definitely a pleasant surprise, and evidence that the country’s economic turnaround is underway.
Is a Recession Here? Yes. Does that Mean a Housing Crash? No.
On Monday, the National Bureau of Economic Research (NBER) announced that the U.S. economy is officially in a recession. This did not come as a surprise to many, as the Bureau defines a recession this way: “A recession is a significant decline in economic activity spread across the economy, normally visible in production, employment, and other indicators. A recession begins when the economy reaches a peak … Read More
2020 Riverside County Conforming Loan Limit
2020 Riverside County Conforming Loan Limit GREAT NEWS for residents of Riverside County, CA! The 2020 Riverside County Conforming Loan Limit is now $510,400 (up from $484,350 in 2019, $405,950 in 2018 and $379,500 in 2017). 2020 California Conforming Loan Limits Conforming loan limits have been increased for 2020. The Federal Housing Finance Agency (FHFA) announced the new loan limits … Read More
Experts Predict Economic Recovery Should Begin in the Second Half of the Year
The experts note a turnaround is on the horizon, starting as early as later this year.
Housing Market Positioned to Bring Back the Economy
Every time a home is sold it has a tremendous financial impact on local economies. As the real estate market continues its recovery, it will act as a strong tailwind to the overall national economy.
What Impact Might COVID-19 Have on Home Values?
A big challenge facing the housing industry is determining what impact the current pandemic may have on home values. Some buyers are hoping for major price reductions because the health crisis is straining the economy. The price of any item, however, is determined by supply and demand, which is how many items are available in relation to how many consumers want to buy that … Read More
Unemployment Report: No Need to Be Terrified
Last Friday, the Bureau of Labor Statistics (BLS) released its latest jobs report. It revealed that the economic shutdown made necessary by COVID-19 caused the unemployment rate to jump to 14.7%. Many anticipate that next month the percentage could be even higher. These numbers represent the extreme hardship so many families are experiencing right now. That pain should not be understated. However, the … Read More