Since the COVID pandemic of spring 2020, the housing market has seen tremendous growth. Redfin reports that the median sale price of an average American home increased by 24.8% between June 2020 and June 2021. A recent survey of real-estate professionals revealed that 78% of agents believe values are still rising in their local markets. [...]
WILMINGTON, NC - Today, we're going to discuss four reasons why people sold their houses and moved over the last year, during the pandemic. Some of them are not surprising. Some of them might be surprising. So real quick, number one, the number one reason is because of the low-interest rates. Low-interest rates currently are below [...]
WILMINGTON, NC - If you're not moving and you haven't refinanced your house, if your interest rate is above three and a half percent, you really should think about refinancing your house. We've got an awesome in-house lender, Paul Bowers, right here in our office. He has got the bandwidth. He just started here in [...]
The real estate market has been making up for lost time, but things could change soon. A surge in sales and record prices This Spring, home sales slowed to a crawl due to the coronavirus pandemic onset. However, this Summer, the market has come roaring back. Sales of existing homes surged to record numbers in [...]
Just How Strong Is the Housing Recovery? The residential real estate market has definitely been the shining light in this country’s current economic situation. All-time low mortgage rates coupled with a new appreciation of what a home truly means has caused the housing market to push forward through this major health crisis. Let’s look at two measures [...]
Living in Multi-Story Homes, Bungalows, and Condos condos Ontario is filled with beautiful towns and cities. One of the most striking cities in this awe-inspiring town of Collingwood, which has plenty to offer their residents including local businesses, restaurants, and tons of outdoor activities year round. The Collingwood is also home to [...]
With each generation, the landscape of various industries changes and gets reshaped – this is also true for the real estate industry. 2018 was a big year for millennials in terms of homeownership, with the rate rising by half a percentage point over 2017 – to 64.4% - as reported by the U.S. Census [...]
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Homeowner Goals vs. Homebuyer Goals When a homeowner considers selling a home, their goal is often to maximize their homes selling price and reduce the costs of selling a home, while a home buyer’s goals are quite the opposite - they are looking to minimize the price they pay. There are many factors that go [...]
The Difference Between Commercial and Residential Real Estate Just as thousands of individuals seek to find their ideal home space, there are thousands of business owners seeking to find the ideal place to set up shop. These business owners include the local restaurant owners, to growing manufacturing companies, to retail chains, and second-hand stores. For [...]
