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Housing Market News Why This Is Not Like 2008 Again During the Great Recession, just over a decade ago, the financial systems the world depended on started to collapse. It created a panic that drove some large companies out of business (ex. Lehman Brothers) and many more into bankruptcy. The financial crisis that accompanied the current pandemic caused hardship to certain industries and hurt many small […]
Housing Market News Home Price Appreciation Is as Simple as Supply and Demand Home price appreciation continues to accelerate. Today, prices are driven by the simple concept of supply and demand. Pricing of any item is determined by how many items are available compared to how many people want to buy that item. As a result, the strong year-over-year home price appreciation is simple to explain. The demand for […]
Housing Market News Homes Across the Country Are Selling Fast Some Highlights In today’s whirlwind real estate market, houses are selling at astonishing speed – from sea to shining sea. Four years ago, the average house spent 39 days on the market. Two years ago, homes were on the market for about 24 days. Today, that number has dropped to just 17 short days. If you’re […]
Housing Market News May 2021 Housing Market Update Geoff Green, the host of the May 2021 Housing Market Update, welcomed viewers. Panelists for this month’s update include Keren Gonen, Green Team New Jersey Realty; Carol Buchanan, Green Team New York Realty, and Michael Giannetto, Cross Country Mortgage. If you missed the webinar or would like to watch it again, it’s available here: New […]
Housing Market News Where Do Experts Say the Housing Market Is Heading? As we enter the middle of 2021, many are wondering if we’ll see big changes in the housing market during the second half of this year. Here’s a look at what some experts have to say about key factors that will drive the industry and the economy forward in the months to come. realtor.com “. […]
Housing Market News It’s Not Too Late To Apply For Forbearance Over the past year, the pandemic made it challenging for some homeowners to make their mortgage payments. Thankfully, the government initiated a forbearance program to provide much-needed support. Unless they’re extended once again, some of these plans and the corresponding mortgage payment deferral options will expire soon. That said, there’s still time to request assistance. If your […]
Housing Market News Is Home Price Appreciation Accelerating Again? At the beginning of the year, industry forecasts called for home price appreciation to slow to about half of the double-digit increase we saw last year. The thinking was that inventory would increase from record-low levels and put an end to the bidding wars that have driven home prices up over the past twelve months. However, that […]
Housing Market News April 2021 Housing Market Update Green Team Realty’s April 2021 Housing Market Update was held on Tuesday; April 20 at 12 p.m. Geoff Green, President of Green Team Realty, welcomed viewers. If you missed the webinar or would like to view it again, it is available here: Snapshot of Year-over-Year Changes in Key Metrics Showings are up 49% Purchase applications, […]
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Housing Market News Don’t Be Fooled by Remarkable Real Estate Headlines Don’t be impressed by the headlines reporting year-over-year housing numbers for the next several months (data covering March, April, May, and June). The data will most likely show eye-popping one-year increases. While the year-over-year jumps will certainly be striking, consumers should take these numbers with a grain of salt, as the situation highlights a short-term […]
Housing Market News Will the Housing Market Maintain Its Momentum? Last week’s Existing Home Sales Report from the National Association of Realtors (NAR) shows sales have dropped by 3.7% compared to the month before. This is the second consecutive month that sales have slumped. Some see this as evidence that the red-hot real estate market may be cooling. However, there could also be a simple explanation as to why […]
Housing Market News This Isn’t a Bubble. It’s Simply Lack of Supply Some Highlights In a recent article, Lawrence Yun, Chief Economist for the National Association of Realtors (NAR), discussed the state of today’s housing market. When addressing whether or not today’s high buyer competition and rising home prices are evidence of a housing bubble, Yun said that this “is not a bubble. It is simply lack of supply.” Today’s housing market […]
Housing Market News Multigenerational Housing Is Gaining Momentum Some Highlights from Multigenerational Housing Is Gaining Momentum If your house is feeling a little cramped with the addition of adult children or aging parents, it might be time to consider a move-up into a multigenerational home that better suits your changing needs. With benefits that include a combined homebuying budget and shared caregiving duties, an increasing number […]
Housing Market News 4 Major Reasons Households in Forbearance Won’t Lose Their Homes to Foreclosure There has been a lot of discussion as to what will happen once the 2.3 million households currently in forbearance no longer have the protection of the program. Some assume there could potentially be millions of foreclosures ready to hit the market. However, there are four reasons that won’t happen. 1. Almost 50% Leave Forbearance […]
Housing Market News Latest Jobs Report: What Does It Mean for You & the Housing Market? Last Friday, the Bureau of Labor Statistics released a very encouraging jobs report. The economy gained 916,000 jobs in March – well above expert projections of 650,000 to 675,000. The unemployment rate fell again and is now at 6%. What does this mean for you? Our lives are deeply impacted by our nation’s economy. The better the economy […]
Housing Market News There’s No Reason To Panic Over Today’s Lending Standards Today, some are afraid the real estate market is starting to look a lot like it did in 2006, just prior to the housing crash. One of the factors they’re pointing to is the availability of mortgage money. Recent articles about the availability of low down payment loans and down payment assistance programs are causing […]
Housing Market News Americans See Major Home Equity Gains Some Highlights Today’s home price appreciation is driving home equity higher throughout the country. If your needs are changing and you’re ready for a new home, your equity may be a great asset to power your next move. Now is a great time to put your equity toward a down payment on the home of your dreams. […]
Housing Market News March 2021 Housing Market Update The Green Team Realty March 2021 Housing Market Update was held on March 16 at 12:00 p.m. If you missed the live webinar or would like to watch it again, it’s available here: Overview of the real estate market on the national level Geoff Green, President of Green Team Realty, began the update with a […]
Housing Market News Should We Fear the Surge in Cash-Out Refinances? Freddie Mac recently released their Quarterly Refinance Statistics report which covers refinances through 2020. The report explains that the dollar amount of cash-out refinances was greater in 2020 than in recent years. A cash-out refinance, as defined by Investopia, is: “a mortgage refinancing option in which an old mortgage is replaced for a new one with a larger amount than owed on […]
Housing Market News What Is the Strongest Tailwind to Today’s Recovering Economy? Last year started off with a bang. Unemployment was under 4%, forecasters were giddy with their projections for the economy, and the residential housing market had the strongest January and February activity in over a decade. Then came the announcement on March 11, 2020, from the World Health Organization declaring COVID-19 a worldwide pandemic. Two days later, […]
Buying a home How to Be a Competitive Buyer in Today’s Housing Market   How to Be a Competitive Buyer in Today’s Housing Market [INFOGRAPHIC] Some Highlights With so few houses for sale today, it’s important to be prepared when you’re ready to buy a home. Meeting with your lender early, knowing your must-haves and nice-to-haves, preparing for a bidding war, and keeping your emotions in check are all ways to gain […]

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