Key Highlights 1 in 20, 5% of population, moved because of COVID pandemic, according to Pew Research 11% of population aged 19 – 29 moved COVID Movers Likely to Redefine National Landscape We’ve been writing a lot lately about how many and where a significant number of the population moved during 2020. Why? Because so many […]
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Key Highlights Sales of luxury homes increased +41.6% in Q1 2021 Sales of affordable homes increased +7% Sales of mid-priced homes jumped +5.9% Redfin Defines Q1 2021 Sales Volume Increases by Price Tiers A jus-released report from Redfin defines the jump in home sales volume during Q1 2021 by price tiers. Take a look: Sales of luxury […]
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Secret: A resale home for $350k may be competing with new construction as high as $500k if the builder has buy downs and in house financing with incentives. Know what’s going on with new construction! 6 What the seller’s time frame is. Ideally, when does this need to sell and close by? Secret: If they […]
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Key Highlights Last week’s mortgage demand jumped for first time since end of February Refis jumped +10% but still lower than same week last year When Interest Rates Drop, Expect Demand for Mortgage Purchase Applications to Rise According to the Mortgage Bankers Association (MBA), the average contract interest rate for 30-year fixed-rate mortgages with conforming loan […]
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Key Highlight 2021 housing market even hotter than 2020’s record-breaking year March – August buying season typically accounts for 56% of existing home sales 2021 Housing Market Primed for Another Record-Breaking Year If you thought that 2020’s record-breaking 5.6M homes sold was a hot market, be on your toes for 2021’s market. April has traditionally […]
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Key Highlights Very high net worth (VHNW) individuals defined by net worth of $5M – $30M VHNW cohort is wide variety of people from entrepreneurs, business owners, corporate executive, retirees and inheritors 2020 a Good Year for Very High Net Worth Individuals According to the Wealth-X Very High Net Worth Handbook 2021, 2020 was a […]
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Here is part 2 of ‘Are You Finally Ready To Become A Listing Agent’ 2 The Average Days on the Market for properties like your subject property. This helps set both your expectations and the home owners. 3 The List to Sell Price Ratio. This helps you combat the ‘price it high, let them negotiate’ […]
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Key Highlights Second-home purchases up +46% and 6% of mortgages in Q1 2021 compared to one year ago Most of destinations on new hotspots list more affordable and typically near mountains/water Second-Home Purchases Up Substantially from Last Year Second-home purchases increased some +46% around the country from January through March in 2021 compared to Q1 […]
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Key Highlights Hispanic homeownership rate in 2020 saw biggest one-year increase in two decades Hispanic homeownership grew to nearly 9M in 2020 Growth of Hispanic Homeownership Rose by +700,000 in 2020 According to Census Bureau data compiled and reported by the National Association of Hispanic Real Estate Professionals (NAHREP), Hispanic homeowner households increased by more than […]
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Key Highlights For first time, millennial buyers are dominant demographic in home purchasing Largest cohort entering peak age as first-time buyers Millennial Demographic Now Dominant Force in Home Buying Market For the last five years, market experts have been waiting for the Millennial generation (born 1981-2000) to age into becoming homebuyers. Now, no one is […]
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Tim and Julie Harris 