North Idaho Homes for Sale – Page 51 – Real Estate Services by Michiyo Tower, CIPS, MRP, SFR

Mortgage Rates Hit Record Lows for Three Consecutive Weeks

First Time Home Buyers· For Buyers· Interest Rates· Move-Up Buyers

15 Jul

Over the past several weeks, Freddie Mac has reported 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, which dates back to 1971 (See graph below): What does this mean for ... Read More about Mortgage Rates Hit Record Lows for Three Consecutive Weeks

What Are Experts Saying about Home Prices?

For Buyers· For Sellers· Housing Market Updates· Pricing

14 Jul

Last week, a very well-respected real estate analytics firm surprised many with their home price projection for the next twelve months. CoreLogic, in their latest Home Price Index said: “The economic downturn that started in March 2020 is predicted to cause a 6.6% drop in the HPI by May 2021, ... Read More about What Are Experts Saying about Home Prices?

Buyers: Are You Ready for a Bidding War?

First Time Home Buyers· For Buyers· Move-Up Buyers

13 Jul

With businesses reopening throughout the country and some experts indicating early signs of a much-anticipated economic recovery, more homebuyers are actively entering the housing market this summer. Today, housing is truly driving the U.S. economy forward. With so many buyers looking for homes to ... Read More about Buyers: Are You Ready for a Bidding War?

Americans Rank Real Estate Best Investment for 7 Years Running [INFOGRAPHIC]

First Time Home Buyers· For Buyers· Infographics

10 Jul

Some Highlights Real estate has outranked stocks, savings accounts, and gold as the best long-term investment among Americans for the past 7 years. The belief in the stability of housing as a long-term investment remains strong, despite the many challenges our economy faces today. Of the four ... Read More about Americans Rank Real Estate Best Investment for 7 Years Running [INFOGRAPHIC]

Not All Agents Are Created Equal

First Time Home Buyers· For Buyers· For Sellers· Move-Up Buyers

9 Jul

In today’s fast-paced world where answers are just a Google search away, there are some who may question the benefits of hiring a real estate professional when selling a house. The reality is, the addition of more information can lead to more confusion. A real estate agent can be your essential ... Read More about Not All Agents Are Created Equal

Best Time to Sell? When Competition Is at an All-Time Low

For Sellers

8 Jul

In a recent survey of home sellers by Qualtrics, 87% of respondents said they were concerned their home won’t sell because of the pandemic and resulting economic recession. Of the respondents, 51% said they are “seriously worried.” That concern seems reasonable considering the current condition of ... Read More about Best Time to Sell? When Competition Is at an All-Time Low

Taking Advantage of Homebuying Affordability in Today’s Market

First Time Home Buyers· For Buyers· Interest Rates· Move-Up Buyers

7 Jul

Everyone is ready to buy a home at different times in their lives, and despite the health crisis, today is no exception. Understanding how affordability works and the main market factors that impact it may help those who are ready to buy a home narrow down their optimal window of time to make a ... Read More about Taking Advantage of Homebuying Affordability in Today’s Market

Latest Unemployment Report: Great News…for the Most Part

For Buyers· For Sellers· Housing Market Updates

6 Jul

The Bureau of Labor Statistics (BLS) released their latest Employment Situation Summary last Thursday, and it again beat analysts’ expectations in a big way. The consensus was for 3,074,000 jobs to be added in June. The report revealed that 4,800,000 jobs were added. The unemployment rate fell to ... Read More about Latest Unemployment Report: Great News…for the Most Part

America Is Another Name for Opportunity [INFOGRAPHIC]

Infographics· Time-sensitive

3 Jul

Is the Health Crisis Driving Buyers Out of Urban Areas?

First Time Home Buyers· For Buyers· For Sellers· Move-Up Buyers

2 Jul

The pandemic has caused consumers to re-examine the components that make up the “perfect home.” Many families are no longer comfortable with the locations and layouts of their existing homes. The allure of city life (more congested) seems to be giving way to either suburban or rural life (less ... Read More about Is the Health Crisis Driving Buyers Out of Urban Areas?

A Historic Rebound for the Housing Market

For Buyers· For Sellers· Housing Market Updates

1 Jul

Pending Home Sales increased by 44.3% in May, registering the highest month-over-month gain in the index since the National Association of Realtors (NAR) started tracking this metric in January 2001. So, what exactly are pending home sales, and why is this rebound so important? According to NAR, the ... Read More about A Historic Rebound for the Housing Market