Is the Economic Recovery Beating All Projections? Earlier this year, many economists and market analysts were predicting an apocalyptic financial downturn that would potentially rattle the U.S. economy for years to come. They immediately started to compare it to the Great Depression of a century ago. Six months later, the economy is still trying to…
The report below will be sent automatically on Friday at 4:00pm, from you, to any of your Leads and Contacts that have been added to the “Market Report – Active Vs. Sold – Reno/Sparks” list in Boston Logic. You only have to add your people to this list once, and future Active Vs. Sold report emails will be sent to…
One of the biggest surprises of 2020 is the resilience of the residential real estate market. Lawrence Yun, Chief Economist of the National Association of Realtors (NAR), is now forecasting that more homes will sell this year than last year. He’s also predicting home sales to increase by 8-12% next year. There’s strong evidence that he will be right. ShowingTime, a leading…
Our local housing market is hot, right along with the end of the summer weather. Here are the latest statistics for the single-family home market in the Reno/Sparks area: Days or Months of Inventory is the amount of time it would take to exhaust all available homes for sale if no additional homes came…
Today, Americans are moving for a variety of different reasons. The current health crisis has truly re-shaped our lifestyles and our needs. Spending extra time where we currently live is enabling many families to re-evaluate what homeownership means and what they find most important in a home. According to Zillow: “In 2020, homes went from the…
Although we are in unprecedented times, we have been surprised by the number of people who still want or need to buy and sell real estate. The buyer demand is remarkable in nearly every price range. We continue to take steps to ensure that we are as safe as possible while bringing new homes to…
There were 556 homes active on the market and available for purchase at the end of July, which was an 15% decrease from June and a 58% decrease from July 2019. Typically, we should have an increase in inventory this time of year as people move over the summer months. However, some sellers are still…
With the strength of the current housing market growing every day and more Americans returning to work, a faster-than-expected recovery in the housing sector is already well underway. Regardless, many are still asking the question: will we see a wave of foreclosures as a result of the current crisis? Thankfully, research shows the number of foreclosures is expected to be much…
Market Report – Inventory and Percent of Sales – Reno/Sparks Our local housing market is hot, right along with the summer weather. What we are hearing from our clients is that people still need and want to buy and sell homes. Of course, each buyer or seller must evaluate what is best for them. As…
Today’s homebuyers are not just talking about their plans, they’re actively engaged in the buying process – and they’re serious about it. A recent report by the National Association of Home Builders (NAHB) indicates: …. Of American adults considering a future home purchase in the second quarter of 2020, about half (49%) are not simply planning it, they are actively engaged…