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Today’s Buyers Are Serious about Purchasing a Home

Today’s Buyers Are Serious about Purchasing a Home

For Sellers, Interest Rates, Millennials, Move-Up Buyers / /

Today’s homebuyers are not just talking about their plans, they’re actively engaged in the buying process – and they’re serious about it. A recent report by the National Association of Home Builders (NAHB) indicates: “…. Of American adults considering a future home purchase in the second quarter of 2020, about half (49%) are not simply

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Homeownership Rate Continues to Rise in 2020

Homeownership Rate Continues to Rise in 2020

Demographics, First Time Home Buyers, For Buyers, Housing Market Updates, Interest Rates, Real Estate 98338 / /

So far, it’s been quite a ride this year, and our nation has truly seen its fair share of hurdles. From COVID-19 to record unemployment and then the resulting recession, just to name a few, the second quarter of 2020 has had more than a few challenges. Amidst the many roadblocks, however, the U.S. homeownership

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Guidance and Support Are Key When Buying Your First Home

Guidance and Support Are Key When Buying Your First Home

First Time Home Buyers, For Buyers, Interest Rates, Real Estate 98338 / /

In June, the number of first-time homebuyers accounted for 35% of the existing homes sold, a trend that’s been building steadily throughout the year. According to the National Association of Realtors (NAR): “The share of first-time buyers increased in March through June—right into the heart of the pandemic period and the surge in unemployment—and is

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Mortgage Rates Hit Record Lows for Three Consecutive Weeks

Mortgage Rates Hit Record Lows for Three Consecutive Weeks

First Time Home Buyers, For Buyers, Interest Rates, Move-Up Buyers, Real Estate 98338 / /

Over the past several weeks, Freddie Mac has reported the average 30-year fixed mortgage rate dropping to record lows, all the way down to 3.03%. Last week’s reported rate reached the lowest point in the history of the survey, which dates back to 1971 (See graph below): What does this mean for buyers? This is

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Taking Advantage of Homebuying Affordability in Today’s Market

Taking Advantage of Homebuying Affordability in Today’s Market

First Time Home Buyers, For Buyers, Interest Rates, Move-Up Buyers, Real Estate 98338 / /

Everyone is ready to buy a home at a different time in their lives, and a health crisis or not, today is no exception. Understanding how affordability works and the main market factors that impact it may help those who are ready to buy a home narrow down their optimal window of time to make

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Homebuyers Are in the Mood to Buy Today

Homebuyers Are in the Mood to Buy Today

First Time Home Buyers, For Buyers, For Sellers, Housing Market Updates, Interest Rates, Move-Up Buyers, Real Estate 98338 / /

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

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Hodges Real Estate Services Graham Washington 98338

Why This Summer Is the 2020 Real Estate Season

First Time Home Buyers, For Buyers, For Sellers, Housing Market Updates, Interest Rates, Move-Up Buyers / /

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

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