Looking back, it seemed to happen overnight. One day, it was business as usual in America. The next day, the country was in lockdown, with businesses shutting their doors and millions of Americans out of work. Panic set in: how would tenants pay their rent? How would landlords and homeowners pay their mortgages? Enter the […]
Real Estate Market Trends: Summer 2021 Recap
What a difference a year makes! In the summer of 2020, many real estate professionals nervously watched as a pandemic slowed the nation to a crawl. Some worried the real estate market might take a massive hit. One year later, the real estate market is booming. Home prices are soaring. Inventory is at an all-time […]
What Young Homebuyers Need to Know
With home prices skyrocketing and competition at an all-time high, it’s no surprise that for many young or first-time homebuyers, finding and purchasing a home can feel quite intimidating. According to a recent survey conducted by Michigan building company Lombardo Homes, a significant percentage of homebuyers aged 25-40 are feeling unsure about the process and […]
Low Real Estate Inventory Across the U.S.
A year into the COVID-19 pandemic, the residential real estate market is booming. It’s a big change from Spring 2020 when uncertainty and fear of a then-unknown virus brought the housing market to a near-standstill. Since rebounding in Summer 2020, the market exploded, and now we are facing a new problem: low real estate inventory […]
Traffic Increasing on Real Estate Sites During COVID Pandemic
The pandemic has been difficult for all of us. However, there is one bright spot amid all the hardship: the real estate market is thriving. With so many of us stuck at home, traffic on real estate sites has skyrocketed. For brokers and agents, now is the time to seize the opportunity and revamp our […]
Where is the Millennial Home Buyer? Why Fewer Young People Are Buying Real Estate
Homeownership has long been touted as part of the American Dream. However, for younger generations, that dream has been nearly unobtainable. With ever-increasing debt, rising home prices, and a trend towards urban living, millennials have been slower to buy than the generations before them. But the millennial home buyer is finally entering the market, and […]