For Sale By Owner (FSBO) Archives

What Is the Strongest Tailwind to Today’s Recovering Economy?

Buyers, First Time Home Buyers, For Sale By Owner (FSBO), Forbearance, foreclosures, Housing Market Updates, Real Estate Market / By Heidi Tallos

Last year started off with a bang. Unemployment was under 4%, forecasters were giddy with their projections for the economy, and the residential housing market had the strongest January and February activity in over a decade. Then came the announcement on March 11, 2020, from the World Health Organization declaring COVID-19 a worldwide pandemic. Two days later, […]

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Home Prices: What Happened in 2020? What Will Happen This Year?

For Sale By Owner (FSBO), Housing Market Updates, Real Estate Market, Sell My Home, Selling Your Home / By Heidi Tallos

The real estate market was on fire during the second half of 2020. Buyer demand was way up, and the supply of homes available for sale hit record lows. The price of anything is determined by the supply and demand ratio, so home prices skyrocketed last year. Dr. Lynn Fisher, Deputy Director of the Federal Housing Finance Agency (FHFA) Division

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Where Have All the Houses Gone?

Buyers, First Time Home Buyers, For Sale By Owner (FSBO), Mortgage, Real Estate Market, Sell My Home, Selling Your Home / By Heidi Tallos

In today’s housing market, it seems harder than ever to find a home to buy. Before the health crisis hit us a year ago, there was already a shortage of homes for sale. When many homeowners delayed their plans to sell at the same time that more buyers aimed to take advantage of record-low mortgage

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3 Reasons We’re Definitely Not in a Housing Bubble

Buyers, First Time Home Buyers, For Sale By Owner (FSBO), Forbearance, Housing Market Updates, Real Estate Market, Selling Your Home / By Heidi Tallos

Home values appreciated by about ten percent in 2020, and they’re forecast to appreciate by about five percent this year. This has some voicing concern that we may be in another housing bubble like the one we experienced a little over a decade ago. Here are three reasons why this market is totally different. 1.

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Turn to a Real Estate Expert for the Best Advice, Not Perfect Advice

Buyers, First Time Home Buyers, For Sale By Owner (FSBO), Housing Market Updates, Housing Market Updates, Plano, Real Estate Market, Sell My Home, Selling Your Home / By Heidi Tallos

As we approach the anniversary of the hardships we’ve faced through this pandemic and the subsequent recession, it’s normal to reflect on everything that’s changed and wonder what’s ahead for 2021. While there are signs of economic recovery as vaccines are being issued, we still have a long way to go. It’s at times like

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What Record-Low Housing Inventory Means for You

For Sale By Owner (FSBO), Housing Market Updates, Sell My Home, Selling Your Home / By Heidi Tallos

The real estate market is expected to do very well in 2021, with mortgage rates that are hovering at historic lows and forecasted by experts to remain favorable throughout the year. One challenge to the housing industry, however, is the lack of homes available for sale today. Last week, the National Association of Realtors (NAR) released their Existing Home Sales Report, which

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Why Right Now May Be the Time to Sell Your House

For Sale By Owner (FSBO), Housing Market Updates, Real Estate Market, Sell My Home, Selling Your Home / By Heidi Tallos

The housing market made an incredible recovery in 2020 and is now positioned for an even stronger year in 2021. Record-low mortgage interest rates are a driving factor in this continued momentum, with average rates hovering at historic all-time lows. According to the latest Realtors Confidence Index Survey from the National Association of Realtors (NAR), buyer demand across the country is incredibly strong.

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Will Forbearance Plans Lead to a Tsunami of Foreclosures?

For Sale By Owner (FSBO), Forebearance, Forebearance, Housing Market Updates, Housing Market Updates, Mortgage, Plano, Real Estate Market, Sell My Home, Selling Your Home / By Heidi Tallos

At the onset of the economic disruptions caused by the COVID pandemic, the government quickly put into place forbearance plans to allow homeowners to remain in their homes without making their monthly mortgage payments. Today, almost three million households are actively in a forbearance plan. Though 29.4% of those in forbearance have continued to stay current on

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Is This the Year to Sell My House?

For Sale By Owner (FSBO), Real Estate Market, Sell My Home, Selling Your Home / By Heidi Tallos

If one of the questions you’re asking yourself is, “Should I sell my house this year?” consumer sentiment about selling today should boost your confidence in the right direction. Even with the current health crisis that continues to challenge our nation, Americans still feel good about selling a house. Here’s why. According to the latest Home Purchase Sentiment

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The Importance of Home Equity in Building Wealth

For Sale By Owner (FSBO), Housing Market Updates, Real Estate Market, Sell My Home, Selling Your Home / By Heidi Tallos

Homeownership has always been the first rung on the ladder leading to household wealth. As Freddie Mac recently posted: “Homeownership has cemented its role as part of the American Dream, providing families with a place that is their own and an avenue for building wealth over time. This ‘wealth’ is built, in large part, through the creation of

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