How will Coronavirus Affect the Housing Market?

Amber Randhawa Real Estate Trends

Spring normally ushers in the busiest time of year for the residential real estate market, but this year is different from any other in recent memory. The Coronavirus and social distancing measures intended to fight its spread are changing almost every aspect of our lives and home sales are no different. There will be some potential sellers that are no …

Current Mortgage Rates Are Amazing!

BrownDaniel BrownDaniel News, Homeowner and Homebuyer Tips, Real Estate Trends

What are today’s current mortgage rates? On February 26th, 2020, the average rate on the 30-year fixed-rate mortgage is 3.55%, the average rate for the 15-year fixed-rate mortgage is 3.104%, and the average rate on the 5/1 adjustable-rate mortgage (ARM) is 3.687%. Rates are quoted as Annual Percentage Rate (APR). Compare current mortgage rates The more lenders you check out when …

The Housing Market is Booming!

Amber Randhawa Real Estate Trends

When the housing market crashed in 2008, the average home lost over a quarter of its value, and many Americans were financially devastated, especially those who had bet their entire financial future on the house flipping craze. Flippers who had been making hundreds of thousands of dollars on each house they flipped were going bankrupt, stuck with houses that were …

There Goes the Neighborhood….Affecting Your Home Price!

Amber Randhawa Homeowner and Homebuyer Tips, Real Estate Trends

How does your real estate agent decide on the right selling price for your home? What do they see that you don’t when they advise you on which houses in your search area are priced above or below market value? Whether you’re in the market to buy or sell a home, or both, it helps to understand how factors that …

Compass to be Real Estate “One Stop Shop!”

Amber Randhawa BrownDaniel News, Real Estate Trends

During an interview with Bloomberg this month, Compass CEO Robert Reffkin said he believes the real estate industry is experiencing a “Netflix versus Blockbuster moment,” and he wants to make sure Compass emerges as a one-stop shop for real estate and moving services. From the initial home search, through the mortgage origination process, on to the home inspection and move-in …

What’s Out in New Home Trends

Amber Randhawa Real Estate Trends

Like everything else in life, housing trends change.  The popular and most sought after features 10-15 years ago may be the same features that make a house less desirable in today’s changing market.  Millennials in particular are seeking smaller homes, specifically willing to trade square footage for functionality and proximity to walkable conveniences, like dining, retail and greenspace. Today’s home …