While many areas of the economy have contracted, the housing market has stayed remarkably strong. But can the good news last? When COVID-related shutdowns began in March 2020, real estate brokers and clients scrambled to respond to the shift. Record-low interest rates caused some lenders to call a halt to new underwriting, and homeowners debated […]
2020 Real Estate Market Recap
Well, folks, it’s been a long and difficult year for everyone. We will certainly be glad to ring in the New Year, and I’m sure you feel the same way. With 2020 wrapping up and 2021 only a few weeks away, we thought it would be a good idea to do a year-end wrap-up post […]
The New Normal: A Strong Housing Market Expected to Continue into 2021
2020 will be known for a lot of things, and a record-breaking year for real estate will certainly be one of its more unexpected legacies.” ~ Daryl Fairweather1 And he’s right: most of us would have expected the housing market to suffer from circumstances like a once-in-a-hundred-years pandemic and historic inventory shortages. But, rather than […]
California Real Estate Sales and Price Report – September 2020
Despite the continuing COVID-19 crisis, and looming political climate, everyone still wants to know: How is the Market? The housing market is experiencing a V-shaped recovery since January of this year. As you can see in the image below, existing single-family home sales in California had been trending up from September 2018 and peaked around […]
Lowest Mortgage Rates in History: What It Means for Homeowners and Buyers
In July, the average 30-year fixed-rate mortgage fell below 3% for the first time in history.1 And while many Americans have rushed to take advantage of this unprecedented opportunity, others question the hype. Are today’s rates truly a bargain? While average mortgage rates have drifted between 4% and 5% in recent years, they haven’t always […]
The Real Estate Market Takes a Sudden Turn
It seemed to happen overnight. The residential real estate market here has turned! Taking advantage of unbelievably low mortgage interest rates, buyers are now out in force. We are seeing multiple offers on properties. We just had a listing that had 10 offers! All but one over asking price. This is happening all over! […]
Is the Real Estate Market Going to Crash? (2020) [VIDEO]
Question: Libby, is the real estate market going to crash? Answered by Libby Guthrie Video Transcript Hi, I’m Libby Guthrie with Keller Williams Realty in Northern California, and I have a lot of clients asking me about whether or not the real estate market is going to crash like it did in 2008. So I’d like […]
