Wednesday, August 5, 2020 / by Teresa Ryan
We’re sitting in an optimal moment in time for homeowners who are ready to sell their houses and make a move this year. Today’s homeowners are, on average, staying in their homes longer than they used to, and this is one factor driving increased homeowner equity. When equity grows, selling a house becomes increasingly desirable. Here’s a breakdown of why it’s a great time to capitalize on equity gain in today’s market.
As average homeowner tenure lengthens and home prices rise, equity, a form of forced savings, can be applied forward to the purchase of a new home. CoreLogic explains:
“Over the past 10 years, the equity position of homeowners has positively changed as a result of more than eight years of rising home prices. As the economy climbed out of the recession in the first quarter of 2010, 25.9% or 12.1 million homes were still underwater, compared to the first quarter of 2020 when ...
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naperville il, teresa ryan, century 21 affiliated naperville, ryan hill group, home seller naperville, homeselling tips, covid19, sell a house, sell a real estate, coronavirus
Monday, August 3, 2020 / by Teresa Ryan
America has faced its share of challenges in 2020. A once-in-a-lifetime pandemic, a financial crisis leaving millions still unemployed, and an upcoming presidential election that may prove to be one of the most contentious in our nation’s history all continue to test this country in unimaginable ways.
Even with all of that uncertainty, the residential real estate market continues to show great resilience. Here’s a look at what the experts have said about the housing market over the past few weeks.
Ivy Zelman, CEO of Zelman & Associates:
“Whether in terms of pending contract activity or our proprietary buyer demand ratings, the various measures of demand captured in this month’s survey can only be described as shockingly strong, in spite of the resurgence in COVID-19 cases.”
Logan Mohtashami, Lead Housing Analyst at HousingWire:
“Existing home sales are still down year over year by 11.3%, but as crazy as this might s ...
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naperville il, teresa ryan, century 21 affiliated naperville, ryan hill group, home seller naperville, homebuyer, first time homebuyer, homebuying tips, homeselling tips, home buying tips, covid19, sell a house, sell a real estate, coronavirus
Friday, July 31, 2020 / by Teresa Ryan
Some Highlights:
The housing market is forecasted to finish the year with growing strength.
Historically low mortgage rates are creating great potential for homebuyers, and home sales are on the rise.
If you’re thinking of buying or selling a home this year, let’s connect to maximize your opportunity today.
Call Teresa Ryan at 630-718-0424 today, for your home buying and selling needs in Naperville and the Western Suburbs of Chicago. For inquiries, please call 630-276-7575.
Subscribe to our YouTube Channel for real estate insights, updates, and news!
http://bit.ly/RHGChannel
Join us on social:
Facebook: https://www.facebook.com/RyanHillGroup/
Twitter: https://twitter.com/ryanhillgroup
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naperville il, teresa ryan, century 21 affiliated naperville, ryan hill group, home seller naperville, homebuyer, first time homebuyer, homebuying tips, homeselling tips, home buying tips, sell a house, sell a real estate, buy a house, home seller
Monday, July 27, 2020 / by Teresa Ryan
The residential real estate market is remaining resilient as the country still struggles to beat the COVID-19 pandemic. Three separate reports recently revealed how the housing market is still showing growth. Here’s a look at each one.
1. Ivy Zelman’s Real Estate Broker Survey
The survey explains that purchaser demand remains strong:
“This month’s overall homebuyer demand rating…was easily the strongest sequential gain in our survey history…Strength continues to be led by the entry-level…While high-end demand is less robust in an absolute sense, there has also been relative improvement, with contacts attributing incremental improvement to the stock market’s rebound, record low mortgage rates and luxury customers trading out of high-priced cities.”
2. The National Association of Home Builders Housing Market Index
The index reveals that builder confidence has returned to levels last seen prior to ...
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naperville il, teresa ryan, century 21 affiliated naperville, ryan hill group, home seller naperville, homebuyer, first time homebuyer, homebuying tips, homeselling tips, home buying tips, covid19, coronavirus
Friday, July 24, 2020 / by Teresa Ryan
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.
Call Teresa Ryan at 630-718-0424 today, for your home buying and selling needs in Naperville and the Western Suburbs of Chicago. For inquiries, please call 630-276-7575.
Subscribe to our YouTube Channel for real estate insights, updates, and news!
http://bit.ly/RHGChannel
Join us on social:
Facebook: https://www.facebook.com/RyanHillGroup/
Twitter: https://twitter.com/ryanhillgroup
Instagram: https://www.instagram.com/ryanhillgroup/
Read More
naperville il, teresa ryan, century 21 affiliated naperville, ryan hill group, home seller naperville, homebuyer, first time homebuyer, homebuying tips, homeselling tips, home buying tips, sell a house, sell a real estate
![2020 Homebuyer Preferences [INFOGRAPHIC]](https://s-static.cinccdn.com/images/uploads/UPF4C2CCE157C948.jpg)
