The Real Estate Market: What You Need to Know to Make Informed Decision

In today’s economy, everyone seems to be searching for signs that a recovery is coming soon. Many experts agree that it may actually already be in motion or will be starting by the 3rd quarter of this year. With the housing market positioned to lead the way out of this recession, builder confidence might be […] https://www.simplifyingthemarket.com/en/2020/06/30/are-new-homes-going-to-be-available-to-buy-this-year/?a=492508-5792a6ba3fc4f971e5ea39a74a0ea948&utm_source=dlvr.it&utm_medium=blogger

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One of the biggest questions on everyone’s minds these days is: What’s going to happen to the housing market in the second half of the year? Based on recent data on the economy, unemployment, real estate, and more, many economists are revising their forecasts for the remainder of 2020 – and the outlook is extremely encouraging. […] https://www.simplifyingthemarket.com/en/2020/06/29/what-are-experts-saying-about-the-rest-of-2020/?a=492508-5792a6ba3fc4f971e5ea39a74a0ea948&utm_source=dlvr.it&utm_medium=blogger

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Sanitary Kitchen Remodeling Tips for 2020 : Here are some useful tips you can implement in your design to ensure your kitchen stays as sanitary as possible long after the pandemic ends.

Some Highlights  * For Sale By Owner (FSBO) is the process of selling real estate without the representation of a real estate broker or real estate agent. * According to the National Association of Realtors’ Profile of Home Buyers & Sellers, 35% of homeowners who decided to FSBO last year did so to avoid paying a commission or fee. But, homes sold with an agent net 6% more than those sold as a FSBO according to Collateral Analytics. * Before you decide to take on the challenge of selling your house on your own, let’s connect to discuss your options. https://www.simplifyingthemarket.com/en/2020/06/26/think-you-should-for-sale-by-owner-think-again-infographic-2/?a=492508-5792a6ba3fc4f971e5ea39a74a0ea948&utm_source=dlvr.it&utm_medium=blogger

Earlier this month, realtor.com announced the release of their initial Housing Recovery Index, a weekly guide showing how the pandemic has impacted the residential real estate market. The index leverages a weighted average of four key components of the housing industry, tracking each of the following: Housing Demand – Growth in online search activity Home […] https://www.simplifyingthemarket.com/en/2020/06/25/new-index-reveals-impact-of-covid-19-on-real-estate/?a=492508-5792a6ba3fc4f971e5ea39a74a0ea948&utm_source=dlvr.it&utm_medium=blogger

The New York Times recently ran an article regarding unemployment titled: Don’t Cheer Too Soon. Keep an Eye on the Core Jobless Rate. The piece suggests we should look at unemployment numbers somewhat differently. The author of the article, Jed Kolko, is a well-respected economist who is currently the Chief Economist at Indeed, the world’s […] https://www.simplifyingthemarket.com/en/2020/06/24/should-we-be-looking-at-unemployment-numbers-differently/?a=492508-5792a6ba3fc4f971e5ea39a74a0ea948&utm_source=dlvr.it&utm_medium=blogger

A worldwide pandemic and an economic recession have had a tremendous effect on the nation. The uncertainty brought about by both has made predicting consumer behavior nearly impossible. For that reason, forecasting home prices has become extremely difficult. Normally, there’s a simple formula to determine the future price of any item: calculate the supply of […] https://www.simplifyingthemarket.com/en/2020/06/23/what-are-the-experts-saying-about-future-home-prices/?a=492508-5792a6ba3fc4f971e5ea39a74a0ea948&utm_source=dlvr.it&utm_medium=blogger

According to the latest FreddieMac Quarterly Forecast, mortgage interest rates have fallen to historically low levels this spring and they’re projected to remain low. This means there’s a huge incentive for buyers who are ready to purchase. And homeowners looking for eager buyers can take advantage of this opportune time to sell as well. There’s […] https://www.simplifyingthemarket.com/en/2020/06/22/homebuyers-are-in-the-mood-to-buy-today/?a=492508-5792a6ba3fc4f971e5ea39a74a0ea948&utm_source=dlvr.it&utm_medium=blogger

Some Highlights * Buyer interest is high right now, so this summer is a great time to sell your house. * Here are 7 strategies to help make your house showing a safe and effective one. * Let’s connect today to get your house on the market while buying is hot. https://www.simplifyingthemarket.com/en/2020/06/19/7-strategies-for-a-2020-open-house-infographic/?a=492508-5792a6ba3fc4f971e5ea39a74a0ea948&utm_source=dlvr.it&utm_medium=blogger

One of the bright spots of the 2020 real estate market is the growth in equity homeowners are experiencing across the country. According to the recently released Homeowner Equity Insights Report from CoreLogic, in nearly every state there was a year-over-year first-quarter equity increase, averaging out to a 6.5% overall gain. The report notes: “CoreLogic […] https://www.simplifyingthemarket.com/en/2020/06/18/want-to-make-a-move-homeowner-equity-is-growing-year-over-year/?a=492508-5792a6ba3fc4f971e5ea39a74a0ea948&utm_source=dlvr.it&utm_medium=blogger

The Wall Street Journal just released their latest monthly Survey of Economists. In an article on the findings, they reported: “The U.S. economy will be in recovery by the third quarter of this year, economists said in a survey that also concluded the labor market will fare better than previously expected following the effects of […] https://www.simplifyingthemarket.com/en/2020/06/17/is-the-economic-recovery-already-underway/?a=492508-5792a6ba3fc4f971e5ea39a74a0ea948&utm_source=dlvr.it&utm_medium=blogger

A recent survey by Lending Tree tapped into behaviors of over 1,000 prospective buyers. The results indicated 53% of all homebuyers are more likely to buy a home in the next year, even amid the current health crisis. The survey further revealed why, naming several reasons buyers are more likely to move this year (see […] https://www.simplifyingthemarket.com/en/2020/06/16/three-reasons-homebuyers-are-ready-to-purchase-this-year/?a=492508-5792a6ba3fc4f971e5ea39a74a0ea948&utm_source=dlvr.it&utm_medium=blogger

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Every year, Gallup conducts a survey of Americans to determine their choice for the best long-term investment. Respondents are asked to select real estate, stocks/mutual funds, gold, savings accounts/CDs, or bonds. For the seventh year in a row, real estate has come out on top as the best long-term investment. Gallup explained: “Real estate remains […] https://www.simplifyingthemarket.com/en/2020/06/15/real-estate-tops-best-investment-poll-for-7th-year-running/?a=492508-5792a6ba3fc4f971e5ea39a74a0ea948&utm_source=dlvr.it&utm_medium=blogger

Some Highlights * The health crisis slowed the market this spring, so buyers are jumping back into the market to make their moves this summer. * Check these 10 items off your to-do list so your house is ready to sell while buying is hot! * Let’s connect today to prepare your house for the sizzling summer market. https://www.simplifyingthemarket.com/en/2020/06/12/summer-is-the-new-spring-for-real-estate-infographic/?a=492508-5792a6ba3fc4f971e5ea39a74a0ea948&utm_source=dlvr.it&utm_medium=blogger https://aestradahome.blogspot.com/2020/06/summer-is-new-spring-for-real-estate.html?utm_source=dlvr.it&utm_medium=blogger

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As we enter the summer months and work through the challenges associated with the current health crisis, many are wondering what impact the economic slowdown will have on home prices. Looking at the big picture, supply and demand will give us the clearest idea of what’s to come. Making our way through the month of June and entering the second half of the year, we face an undersupply of homes on the market. Keep in mind, this undersupply is going to vary by location and by price point. According to the National Association of Realtors (NAR), across the country, we currently have a 4.1 months supply of homes on the market. Historically, 6 months of supply is considered a balanced market. Anything over 6 months is a buyer’s market, meaning prices will depreciate. Anything below 6 months is a seller’s market, where prices appreciate. Given the undersupply of homes on the market today, there is upward pressure on prices. Looking at simple economics, when there is less of an item for sale an

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Sold Property Median Price for: Location: Ozone Park Families: 1

Sold Property Median Price for: Location: Ozone Park Families: 2