Barbara Caley #01041333

02/04/2023

01/22/2021

What's in store for 2021?
✔️ Mortgages
✔️ Home Sales
✔️ Sales Prices
✔️ New Home Sales
✔️ Forbearance
⬇️ See what the experts have to say!

Looking for a little clarity on the news? Windermere Chief Economist Matthew Gardner gives his 2021 forecast

01/21/2021

When the buyers don’t come running after putting your house up for sale, for-sale-by-owners (FSBOs) are left scratching their heads, perplexed about what’s happening.

Here are 6️⃣ reasons that FSBOs typically find selling much harder than they imagined.

With low inventory levels and sky-high prices, it might be tempting for sellers to stick a sign in the ground and see what they can get. It'll practically sell itself, right? Not so fast. Here are six reasons that FSBOs crash and burn.

01/20/2021

✅ NAR chief economist Lawrence Yun says the housing market will perform well into 2021. Mortgage rates will remain stable near 3%, giving 23% and 9% rise to new and existing home sales respectively ✅

NAR Chief Economist Lawrence Yun predicts existing-home sales will rise 9% in 2021

01/19/2021

Home buyers and owners are lining up! As interest rates fell below 3% on 30-year fixed-rate loans, demand for mortgages spiked nationwide. Mortgage origination of Q3 2020 listed an increase of 17% from Q2 and 45% from last year - the highest level in 13 years ⤵️

During the third quarter, 3.25 million mortgages were originated on residential properties, the highest level this figure has reached in 13 years

01/18/2021

First American Deputy Chief Economist Odeta Kushi explains why today's housing market is stronger than before, despite the economic hardship due to COVID-19. Check out the facts and figures below!

First American Deputy Chief Economist Odeta Kushi explains why the housing market is unlikely to see a wave of foreclosures at the level of the Great Recession.

01/15/2021

In a pandemic era, mudroom, or as being renamed the "disinfection room", is a must on most people's list. Make your mudroom more inviting for your buyers!

The mudroom may be getting renamed and becoming much more of a necessity.

01/15/2021

☑️ Young Americans are having their housing preferences shaped by the pandemic as they’re seeking larger homes and outdoor spaces according to findings from the 2020 Community and Transportation Preference Surveys recently conducted by the National Association of REALTORS

People of all ages crave walkable areas, which many find leads to a higher quality of life, new NAR research says.

01/13/2021

Despite the continued housing inventory issue, sales of new single-family homes soared in October. With an estimated 3.3-months of supply, sales recorded an increase of 41.5% above last year.

Negotiate better with an Agent on your side! ✔️

Inventory continues to be an issue, with an estimated 3.3-months of supply at the current sales rate at the end of the month, down from a 3.6-months supply at the end of September

01/12/2021

Did you know that according to First American Real House Price Index (RHPI), a 0.08 percentage-point decline in mortgage rates from July to August 2020 translated to a $5,087 improvement in house-buying power? Learn how below!

First American Chief Economist Mark Fleming shares his proprietary Real House Price Index, explaining why the affordability benefit of falling mortgage rates may not be enough to offset accelerating nominal house price appreciation.

01/11/2021

Fun Fact! For the first time in history, VA Loans has issued more than 1 million loans in 2020. The loan that was once 2% of the loan volume, now make up about 10% of the mortgage market ⬇️

This year has marked the biggest year in the Department of Veterans Affairs’ history of lending, with more than 1 million loans issued.

01/08/2021

A demographic shift is happening! 85% of existing-home sales buyers purchased houses in the suburbs, or in smaller, less dense counties. Click to see the facts and the figures!

NAR’s October REALTORS® Confidence Index Report indicates that there is a demographic shift from the cities to the suburbs, or to smaller counties, less dense counties.