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 than their primary residence – at the beach, in the mountains, or somewhere in between. NAR explains:
There has been much talk around the possibility that Americans are feeling less enamored with the benefits of living in a large city and now may be longing for the open spaces that suburban and rural areas provide.
In a recent Realtor Magazine article, they discussed the issue and addressed comments made by Lawrence Yun, Chief Economist for the National Association of Realtors (NAR):
“While migration trends were toward urban centers before the pandemic, real estate thought leaders have pre...
Today’s housing market is making a truly impressive turnaround, and it’s also setting up some outstanding opportunities for buyers and sellers. Whether you’re thinking of buying or selling a home this year, there are perks today that are rarely available, and definitely worth looking into. Here are the top two.
The Biggest Perk for Buyers:Low Mortgage Rates
The most impressive buyer incentive today is the average mortgage interest rate. Just last week, mortgage rates hit an all-time low fo...
Whether it's next month or next year, sooner or later the pandemic will come to an end and it will be safe to get back to the business of real estate in earnest.
When that happens, the floodgates will open and home buyers should be preparing themselves for competing to get the home they want.
Lots Of Buyers And Few Homes For Sale
In fact in some areas of the country, a seller's market is already in full swing and home prices are up. Home buyers are finding themselves in a bidding war to...
Given how we have seen more unemployment claims than ever before over the past several weeks, fear is spreading widely. Some good news, however, shows that more than 4 million initial unemployment filers have likely already found a new job, especially as industries such as health care, food and grocery stores, retail, delivery, and more increase their employment opportunities. Breaking down what unemployment means for homeownership, and understanding the significant equity Americans hold today,...
Winding it's way from Little Sarasota Bay, Phillippi Creek meanders northeast across town much farther than you might expect, bringing old-Florida low-country waterfront from the Intracoastal Waterway all the way past Beneva Road.
More than just a small waterway, Phillippi Creek is also steeped in Sarasota history. Prior to the 1820s when Florida became a United States territory, many Spanish-speaking fishermen from Cuba came to southwest Florida to fish the Gulf Coast waters, establishin...