Despite the fact that the coronavirus pandemic left millions unemployed, destroyed the economy, and saw businesses closing their doors left and right, there have been rising housing prices across the United States. Even though the market dropped in the beginning stages of the pandemic, it made a rapid and relieving recovery, with median home prices […]
Industry News
October 2020 Market Updates
Economic activity continues to ramp up as the nation further eases COVID restrictions and prepares for the upcoming presidential election. Social unrest, the death of Supreme Court Justice Ruth Bader Ginsburg, and concerns over the Coronavirus pandemic continue to remain incredibly important. Job Gains Increase The labor market continues to see faster than normal growth […]
Best Time for Home Refinancing
Homeowners have tried figuring out the best time for home refinancing for an exceptionally long time. Even prior to COVID-19, many people were unsure about the appropriate time to consider refinancing, particularly those who have never owned a home before, or are unfamiliar with the refinancing process. The historically low mortgage rates that have come […]
September 2020 Market Updates
States continue to slowly reopen their economies. Restaurants and retail stores continue to open at impressive rates, albeit with occupancy restrictions and other COVID regulations in place. Schools have begun to reopen, and the economy as a whole is sitting in a much better place than originally anticipated. Job Gains Continued Economic recovery has continued […]
Public Record Errors & Title Insurance
Public record errors can leave a significant impact on your home’s title. Moving into a new home should be one of the most exciting moments in your life. You have worked hard for it, searched high and low for that dream house, and now, it is all yours! At least, it should be, but what […]
August 2020 Market Updates
After many states had moved towards phased reopenings of their respective economies, many are now preparing to hunker back down as COVID numbers rise and uncertainty continues to prevail. Nonetheless, July brought plenty of good news throughout the market. Overall, the United States economy appears to be recovering quicker than originally expected. Service Sector Excels […]
Best Practices for Preventing Real Estate Wire Fraud
Imagine spending hour after hour searching for your dream home and finally finding it. But, as you start to complete all the paperwork and get ready to close an urgent email appears in your inbox. The email appears to be from your agent or attorney or from someone representing the seller urgently requesting for the […]
July 2020 Market Updates
With states easing restrictions on the economic shutdown, job gains and consumer activity have surged. The Fed has added to that further news regarding their activity in the treasury and mortgage markets. Although May and early June saw much economic growth, only time will tell how sustainable that is given the current social, political, and […]
Should I Refinance My Home When Interest Rates Are Low?
In response to the COVID-19 pandemic, the Fed lowered the already historically low prime interest rate to 0%. Interest rates for 30-year mortgages are currently at historic lows as well, staying around the 3% mark for the past few months since the outbreak of the virus. This is a tempting time for homebuyers, as it […]
June 2020 Market Updates
With GDP growth falling 4.8% in the first quarter of the year, consumer spending dropping to record lows, and unemployment nearing all-time highs, there is a major focus on the economic recovery. As states and counties prepare to reopen, here is what you need to know about the state of the overall economy. The Fed […]