Blog - Page 3 of 17 - Tami Savage, Realtor

A Real Estate Pro Is More Helpful Now than Ever [INFOGRAPHIC]

July 24, 2020 By Tami Savage

Some Highlights A recent study shared by NAR notes that both buyers and sellers think an agent is more helpful than ever during the current health crisis.Expertise and professionalism are highly valued and can save buyers and sellers time and effort along the way.If you’re thinking of buying or selling a home this year, let’s connect to be sure you have a trusted professional on your side. … [Read more...]

Home Sales Hit a Record-Setting Rebound

July 23, 2020 By Tami Savage

With a worldwide health crisis that drove a pause in the economy this year, the housing market was greatly impacted. Many have been eagerly awaiting some bright signs of a recovery. Based on the latest Existing Home Sales Report from the National Association of Realtors (NAR), June hit a much-anticipated record-setting rebound to ignite that spark. According to NAR, home sales jumped 20.7% from May to a seasonally-adjusted annual rate of 4.72 million in … [Read more...]

Two Reasons We Won’t See a Rush of Foreclosures This Fall

July 22, 2020 By Tami Savage

The health crisis we face as a country has led businesses all over the nation to reduce or discontinue their services altogether. This pause in the economy has greatly impacted the workforce and as a result, many people have been laid off or furloughed. Naturally, that would lead many to believe we might see a rush of foreclosures like we saw in 2008. The market today, however, is very different from 2008. The concern of more foreclosures based on those that are out of work is one that we … [Read more...]

A Remarkable Recovery for the Housing Market

July 21, 2020 By Tami Savage

For months now the vast majority of Americans have been asking the same question: When will the economy turn around? Many experts have been saying the housing market will lead the way to a recovery, and today we’re seeing signs of that coming to light. With record-low mortgage rates driving high demand from potential buyers, homes are being purchased at an accelerating pace, and it’s keeping the housing market and the economy moving. Here’s a look at what a few of the experts have to say … [Read more...]

Thinking of Selling Your House? Now May be the Right Time

July 20, 2020 By Tami Savage

Inventory is arguably the biggest challenge for buyers in today’s housing market. There are simply more buyers actively looking for homes to purchase than there are sellers selling them, so the scale is tipped in favor of the sellers. According to the latest Existing Home Sales Report from the National Association of Realtors (NAR), total housing inventory is down 18.8% from one year ago. Inventory is well below what was available last year, and the houses that do come to … [Read more...]

Mortgage Rates Fall Below 3% [INFOGRAPHIC]

July 17, 2020 By Tami Savage

Some Highlights Mortgage rates hit another all-time low, falling below 3% this week.If you’re ready to buy a home, now is a great time to truly get more for your money at this historic moment.Let’s connect today to determine your best next steps toward homeownership. … [Read more...]