by Chuck Norsch | Jul 29, 2020 | Demographics, First Time Home Buyers, For Buyers, Housing Market Updates, Interest Rates
So far, it’s been quite a ride this year, and our nation has truly seen its fair share of hurdles. From COVID-19 to record unemployment and then the resulting recession, just to name a few, the second quarter of 2020 has had more than a few challenges. Amidst the many...
by Chuck Norsch | Jul 28, 2020 | First Time Home Buyers, For Buyers, Interest Rates
In June, the number of first-time homebuyers accounted for 35% of the existing homes sold, a trend that’s been building steadily throughout the year. According to the National Association of Realtors (NAR): “The share of first-time buyers increased in March through...
![Mortgage Rates Fall Below 3% [INFOGRAPHIC]](http://chucknorsch.com/wp-content/uploads/2020/07/20200717-Share-571x300-1.jpg)
by Chuck Norsch | Jul 17, 2020 | First Time Home Buyers, For Buyers, Housing Market Updates, Infographics, Interest Rates, Move-Up Buyers
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...
by Chuck Norsch | Jul 15, 2020 | First Time Home Buyers, For Buyers, Interest Rates, Move-Up Buyers
Over the past several weeks, Freddie Mac has reported the average 30-year fixed mortgage rate dropping to record lows, all the way down to 3.03%. Last week’s reported rate reached the lowest point in the history of the survey, which dates back to 1971 (See graph...
by Chuck Norsch | Jul 7, 2020 | First Time Home Buyers, For Buyers, Interest Rates, Move-Up Buyers
Everyone is ready to buy a home at different times in their lives, and despite the health crisis, today is no exception. Understanding how affordability works and the main market factors that impact it may help those who are ready to buy a home narrow down their...
by Chuck Norsch | Jun 22, 2020 | First Time Home Buyers, For Buyers, For Sellers, Housing Market Updates, Interest Rates, Move-Up Buyers
According to the latest FreddieMac Quarterly Forecast, mortgage interest rates have fallen to historically low levels this spring and they’re projected to remain low. This means there’s a huge incentive for buyers who are ready to purchase. And homeowners looking for...
