REAL ESTATE TIPS

A lot is happening in the world, and it’s having a direct impact on the housing market. The reality is this: some of it is positive and some of it may be negative. Some we just don’t know yet.

The following three areas of the housing market are critical to understand: interest rates, building materials, and the outlook for an economic slowdown.  Read More

BUYER COMPETITION EXPECTED TO BE STEEP THIS SPRING
-          Courtesy of Drew Ludlow
          Broker/Realtor® - Ludlow Real Estate Group

Fewer homes were on the market in February compared to a year prior, and home prices are rising as inventory continues to tighten, according to Realtor.com®’s February Housing Trends Report. That has prompted economists to predict a particularly competitive spring homebuying season.

National housing inventory dropped 15.3% year over year in February, the largest annual decline since realtor.com® began tracking inventory data. 

Read More

 WILL SURGING UNEMPLOYMENT CRUSH HOME SALES?
-      Courtesy of Drew Ludlow
              Broker/Realtor® - Ludlow Real Estate Group

Ten million Americans lost their jobs over the last two weeks. The next announced unemployment rate on May 8th  is expected to be in the double digits. Because the health crisis brought the economy to a screeching halt, many are feeling a personal financial crisis.

James Bullard, President of the Federal Reserve Bank of St. Louis, explained that the government is trying to find ways to assist those who have lost their jobs and the companies which were forced to close.

Read more...

 

The Cheapest and Priciest Places To Live in the U.S
El Paso Texas and Lincoln Nebraska are the cheapest places to live in the U.S while San Francisco and New York are the priciest cities according to a new study by Move.org. Raleigh ranked #38 among a field of 75 cities that were analyzed for affordability.

Read more

New-Home Sales Post Strongest May Numbers in a Decade
According to a June 24th news release by the National Association of Realtors New-Home Sales Post Strongest May Numbers in a Decade as our
states start to wind down sheltering-in-place restrictions, easing the searches for new homes.
Read more