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A recent realtor.com survey revealed that buyers are still considering moving forward with the home buying process, even if they can’t see the home in-person. While they still prefer to physically see a home, virtual home tours and accurate listing information top the list of tech specs buyers find most helpful in today’s process.
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As the global pandemic continues to affect various parts of life, Californians currently hold a negative outlook toward the housing market and economy. Take a look into these various opinions below.
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According to the Census Bureau’s Housing Vacancy Survey (HVS), the U.S. homeownership rate has reached 65.3% in the first quarter of 2020. This number has been rising since 2016 and is the highest we’ve seen in eight years.
The National Association of Home Builders (NAHB) explains the rate increase:
“Strong owner household formation with around 2.7 million homeowners added in the first quarter has driven up the homeownership rate, especially under the decreasing mortgage interest rates and strong new home sales and existing home sales in the first two months before the COVID-19 pandemic hit the economy.”
Additionally, the NAHB also highlights the year-over-year increase in each generational group:
“The homeownership rates among all age…
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Check out these two SBA funding programs to help your business during the COVID-19 crisis.
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If you're looking for the greatest returns on investment, check out these top 4 home renovations that recoup the most cost.
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Take a look at the home projects that bring the most joy and the top return-on-investment.
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Believe it or not, there are lots of things you can do to prep your house for a sale without even going to the store. Your real estate plans don’t have to be completely on hold even while we’ve hit the pause button on other parts of daily life. Tackling small projects from cleaning the corners you may normally skip to tidying up your yard are easy and necessary wins if you’re thinking of listing your house and making a move.
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Although the COVID-19 pandemic is causing an economic slowdown, home values have actually increased in 3 of the last 5 U.S. recessions. With the information at hand, the current housing market will not be a repeat of 2008.
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When listing your home for sale, your top goal will be to sell for the best price possible. To do so, here are some tips that will make your property buyer ready.
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View how the behaviors, motivations, and financial situations of recent home buyers and sellers differ by generation.
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With over $750 Million in real estate sales, The Aaronson Group offers an unparalleled level of service to our highly respected clients. Whether you are looking to buy or sell your home, we guarantee that our expertise, professionalism & dedication will navigate you towards meeting your unique real estate needs.
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