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REAL ESTATE INDUSTRY NEWS

Three of the Latest Reports Show Housing Market Is Strong

Posted By Yoshi Takita on July 27, 2020 in Global Real Estate

The residential real estate market is remaining resilient as the country still struggles to beat the COVID-19 global pandemic. Three separate reports recently revealed how the housing market is still showing growth.

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A realtor is more helpful now than ever

Posted By Yoshi Takita on July 24, 2020 in Investments

A recent study shared by the National Associaton of REALTORS noted consumer attitudes about working with real estate professionals during the coronavirus pandemic.

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Home Sales Hit a Record-Setting Rebound Home Sales Hit a Record-Setting Rebound

Posted By Yoshi Takita on July 23, 2020 in Investments

With a worldwide health crisis that drove a pause in the economy this year, the housing market was greatly impacted. Many have been eagerly awaiting some bright signs of a recovery. Based on the latest Existing Home Sales Report from the National Association of Realtors (NAR), June hit a much-anticipated record-setting rebound to ignite that spark.

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US Real Estate News for Global Investors

Posted By Yoshi Takita on July 22, 2020 in Investments

The health crisis we face as a country has led businesses all over the nation to reduce or discontinue their services altogether. This pause in the economy has greatly impacted the workforce and as a result, many people have been laid off or furloughed. Naturally, that would lead many to believe we might see a rush of foreclosures like we saw in 2008.

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A Remarkable Recovery for the Housing Market A Remarkable Recovery for the Housing Market

Posted By Yoshi Takita on July 21, 2020 in Investments

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.

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Thinking of Selling Your House? Now May be the Right Time

Posted By Yoshi Takita on July 20, 2020 in Investments

Inventory is arguably the biggest challenge for buyers in today’s housing market. There are simply more buyers actively looking for homes to purchase than there are sellers selling them, so the scale is tipped in favor of the sellers.

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Mortgage Rates Fall Below 3%

Posted By Yoshi Takita on July 17, 2020 in Investments

Some Highlights Mortgage rates hit another all-time low, falling below 3% this week.

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Does Your Home Have What Buyers Are Looking For?

Posted By Yoshi Takita on July 16, 2020 in Investments

There’s great opportunity for today’s homeowners to sell their houses and make a move, yet due to the impact of the ongoing health crisis, some sellers are taking their time coming back to the market.

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US Real Estate News for Global Investors

Posted By Yoshi Takita on July 16, 2020 in Investments

Does Your Home Have What Buyers Are Looking For? There’s great opportunity for today’s homeowners to sell their houses and make a move, yet due to the impact of the ongoing health crisis, some sellers are taking their time coming back to the market. According to Javier Vivas, Director of Economic Research at realtor.com: “Sellers continue returning to the market at a cautious pace and further improvement could be constrained by lingering coronavirus concerns, economic uncertainty, and civil unrest.” For homeowners who need a little nudge of motivation to get back in the game, it’s good to know that buyers are ready to purchase this season. After spending several months at home and re-evaluating what they truly want and need in their space, buyers are ready and they’re in the market now. Lawrence Yun, Chief Economist at the National Association of Realtors (NAR) explains: “A number of potential buyers noted stalled plans due to the pandemic and that has led to more urgency and a pent-up demand to buy…After being home for months on end – in a home they already wanted to leave – buyers are reminded how much their current home may lack certain desired features or amenities.” The latest Market Recovery Survey from NAR shares some of the features and amenities buyers are looking for, especially since the health crisis has shifted many buyer priorities. The most common home features cited as increasingly important are home offices and space to accommodate family members new to the residence (See graph below):The survey results also show that among buyers who indicate they would now like to live in a different area due to COVID-19, 47% have an interest in purchasing in the suburbs, 39% cite rural areas, and 25% indicate a desire to be in small towns. As we can see, buyers are eager to find a new home, but there’s a big challenge in the market: a lack of homes available to purchase. Danielle Hale, Chief Economist at realtor.com explains: “The realtor.com June Housing Trends Report showed that buyers still outnumber sellers which is causing the gap in time on market to shrink, prices to grow at a faster pace than pre-COVID, and the number of homes available for sale to decrease by more than last month. These trends play out similarly in the most recent week’s data with the change in time on market being most notable. In the most recent week homes sat on the market just 7 days longer than last year whereas the rest of June saw homes sit 2 weeks or more longer than last year.” In essence, home sales are picking up speed and buyers are purchasing them at a faster rate than they’re coming to the market. Hale continues to say: “The housing market has plenty of buyers who would benefit from a few more sellers. If the virus can be contained and home prices continue to grow, this may help bring sellers back to the housing market.” Bottom Line If you’re considering selling and your current house has some of the features today’s buyers are looking for, let's connect. You’ll likely be able to sell at the best price, in the least amount of time, and will be able to take advantage of the low interest rates available right now when buying your new home.

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Mortgage Rates Hit Record Lows for Three Consecutive Weeks Over the past several weeks

Posted By Yoshi Takita on July 15, 2020 in National Association of Realtors (NAR)

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

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