seniors

Senior Buyers Are Reemerging in the Housing Market

As long as the proper health precautions are in place, seniors say, they are willing to resume home searches and purchases, a new report from John Burns Real Estate Consulting shows. Several age-qualified communities nationwide are reporting particularly strong home sales in August and September, the report says.  Read more.

modern mansion

Real Estate ‘Quarandreams’ Apparently Are a Thing

Real estate is popping up in more people’s dreams. Vivid dreams are one of many side effects being tied to COVID-19. And reportedly, many of these “quarandreamers” are having dreams related to real estate, such as moving into a mansion, doing a home renovation project, or even feeling trapped in cluttered spaces.  Read more.

couple

Home Improvement Is Good for Your Mental Health, Survey Says

The pandemic has inspired a wave of home renovations as owners are spending more time in their homes. And renovators say it’s been good for their mental health, according to a new study conducted by CouponFollow of more than 1,000 homeowners and renters about do-it-yourself home projects they’ve tackled during the pandemic.  Read more.

momandadultchild

Majority of Young Adults Are Now Living With Their Parents

Empty nest no more? The COVID-19 pandemic has prompted millions of young adults to move back in with their parents since the spring. The majority of 18-to-29-year-olds now live with their parents, surpassing the previous peak during the Great Depression, the Pew Research Center reports.  Read more.

roll of money

Fed to Keep Rates Near Zero

The Federal Reserve voted Wednesday to keep its benchmark interest rate near zero. This will keep the cost of loans down until the economy starts to recover from the COVID-19 pandemic. The Fed also announced Wednesday it would be extending its lending and credit initiatives until the end of the year to help make it easier for Americans to get a loan.  Read more.

signing contract

Buyers Are Waiving Contingencies to Sweeten Their Offers

The pandemic and high unemployment rate haven’t slowed the housing market. With home buyers facing heightened competition this summer for a limited number of homes for sale, some have decided to try to gain an edge by waiving contingencies to make their offers more competitive.  Read more.

laptop

Seller Profits Hit New High Amid Struggling Economy

While unemployment remains high and the economy continues to suffer from the COVID-19 pandemic, the housing market is proving resilient. During the second quarter of this year, home sellers netted a median $75,971 profit at resale, up from $66,500 in the first quarter and $65,250 a year earlier, according to research firm ATTOM Data Solutions. The second-quarter figure represents a 36.3% return on investment—the highest level since the Great Recession—and is up from 34.5% in the first quarter and 33.7% a year prior, ATTOM Data Solutions reports.  Read more.

dated kitchen

‘Dated Homes’ No Longer a Deal Killer?

The COVID-19 pandemic has prompted many residents to rethink their home and priorities, nudging some residents to leave city abodes in favor of the suburbs and more space. With a limited number of homes for sale, many sellers are fielding competitive offers and bidding wars as some Americans look to relocate. And those looking to move quickly may be willing to make greater compromises in their preferences than they were just a few months ago.  Read more.