A new concern is whether the high number of unemployed Americans will cause the residential real estate market to crash, putting a greater strain on the economy and leading to even more job losses. The housing industry is a major piece of the overall economy in this country.
We’re in a changing real estate market, and life, in general, is changing too – from how we grocery shop and meal prep to the ways we can interact with our friends and neighbors. Even practices for engaging with agents, lenders, and all of those involved in a real estate transaction are changing to a virtual format. What isn’t changing, however, is one key thing that can drive the local economy: buying a home.
Looks like rates ended the week at 3.4% for 30 year. Download this week's (3/28) market update provided to us by Darnell Gazzolo with Wilson Bank & Trust.
On Friday we ended with mortgage rates looking like they are back in the mid 3s after a rollercoaster ride!
Such a great time with the current situation in our Nation to stay home and CLEAN OUT!
Rising home prices have been in the news a lot lately, and much of the focus is on whether they’re accelerating too quickly and how sustainable the growth in prices really is. One of the often-overlooked benefits of rising prices, however, is the impact they have on a homeowner’s equity position.
Party at The Flats!
We will have the Flats @ Olive open to the public THIS Friday from 3:00pm to 5:00pm for touring.