Homeowner Equity Increases an Astonishing $1 Trillion

27 Dec

292 0

In a year that was financially devastating for many Americans, some good news for most homeowners is the dramatic gain in home equity over the last twelve months. Last week, CoreLogic released its 2020 3rd Quarter Homeowner Equity Insights report, which reveals four major findings: U.S. homeowners with mortgages have seen their equity increase by a total of $1... Read more »

Naples Area November Market Report

20 Dec

1109 0

November Home Activity Shows Buyers were Trying to Beat the Pack Naples, Fla. (December 20, 2019) – An increase in traffic on roads and beaches, and in restaurants, hotels, and open houses during November was reflected in a 27 percent increase in overall pending sales (homes under contract), and a 46 percent increase in showings for... Read more »

How Remote Work Can Power Your Vacation Home Sale

07 Dec

330 0

This year, the opportunity to work remotely has increased the demand for vacation homes. Gay Cororaton, Senior Economist and Director of Housing and Commercial Research at the National Association of Realtors (NAR), notes: “Working from home is a positive factor in demand for vacation homes.” Buyers are taking advantage of the fact that working from home might be someplace other... Read more »

Learn One New Thing

02 Dec

390 0

At Gallant Real Estate, we have a mantra: learn one new thing. As committed life long learners, we understand that being open to opportunities to learn helps us continue to grow and it makes life more interesting. Our broker, Deb Gallant, will often ask us “what did you learn today?” She sincerely wants to know... Read more »

With Home Values Surging, Is it Still Affordable to Buy Right Now?

02 Dec

277 0

Housing inventory is at an all-time low. Realtor.com just reported that there are 39% fewer homes for sale today than there were last year. At the same time, buyer demand remains strong. In a recent newsletter, research analyst Ivy Zelman explained: “Although the headwind of severe supply constraints in most markets has contributed to slight moderation in seasonally-adjusted and year-over-year new... Read more »

5 Tips for Homebuyers Who Want to Make a Competitive Offer

01 Dec

289 0

Today’s real estate market has high buyer interest and low housing inventory. With so many buyers competing for a limited number of homes, it’s more important than ever to know the ins and outs of making a confident and competitive offer. Here are five keys to success for this important stage in the home buying process. 1. Listen... Read more »

Your House May Be High on the Buyer Wish List This Holiday Season

25 Nov

338 0

Around this time each year, many homeowners decide to wait until after the holidays to sell their houses. Similarly, others who already have their homes on the market remove their listings until the spring. Let’s unpack the top reasons why selling your house now, or keeping it on the market this season, is the best... Read more »

Don’t Let Buyer Competition Keep You from Purchasing a Home

23 Nov

265 0

This year’s record-low mortgage rates sparked high demand among homebuyers. Current homeowners, however, haven’t put their houses on the market so quickly. This makes finding a home to buy today challenging for many potential buyers. With an obstacle like this, those searching for their dream homes may be pressing pause on their searches as we... Read more »

Will Mortgage Rates Remain Low Next Year?

19 Nov

351 0

In 2020, buyers got a big boost in the housing market as mortgage rates dropped throughout the year. According to Freddie Mac, rates hit all-time lows 12 times this year, dipping below 3% for the first time ever while making buying a home more and more attractive as the year progressed (See graph below): When you continually hear how rates are... Read more »

Homes for Sale Are Rapidly Disappearing

17 Nov

359 0

Through all the challenges of 2020, the real estate market has done very well, and purchasers are continuing to take advantage of historically low mortgage rates. Realtor Magazine just explained: “While winter may be typically a slow season in real estate, economists predict it isn’t likely to happen this year…Low inventories combined with high demand due to record-low... Read more »