Latest Unemployment Report: Great News…for the Most Part
Davidson Home Group - Portland Real Estate Blog | Kurt Davidson
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4y ago
The Bureau of Labor Statistics (BLS) released their latest Employment Situation Summary last Thursday, and it again beat analysts’ expectations in a big way. The consensus was for 3,074,000 jobs to be added in June. The report revealed that 4,800,000 jobs were added. The unemployment rate fell to 11.1% from 13.3% last month. Again, excellent news as the unemployment rate fell for the second consecutive month. However, there’s still a long way to go before the economy fully recovers as 17.8 million Americans remain unemployed. Here are two interesting insights on the report: Wha ..read more
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Things to Consider When Buying Lake Property
Davidson Home Group - Portland Real Estate Blog | Kurt Davidson
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4y ago
Buying a lake house can be a great investment, regardless of whether you intend to use it as a vacation property or a year-round residence. With that said, you shouldn’t rush into buying a lakefront property just because it’s available. As with any house, there are some things that you should think about before you sign on the dotted line. Here are a few specific considerations you should keep in mind when looking at a lake property that’s for sale. Higher Moisture Levels One of the first things that you’ll notice is that there’s more moisture in the air close to the lake. Higher humidity can ..read more
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Is the Health Crisis Driving Buyers Out of Urban Areas?
Davidson Home Group - Portland Real Estate Blog | Kurt Davidson
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4y ago
The pandemic has caused consumers to re-examine the components that make up the “perfect home.” Many families are no longer comfortable with the locations and layouts of their existing homes. The allure of city life (more congested) seems to be giving way to either suburban or rural life (less congested). The fascination with an open floor plan seems to be fading as people are finding a need for more privacy while working from home. Recently, news.com released a report that revealed how buyers’ views of listings are leaning heavily to more suburban and rural properties. H ..read more
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A Historic Rebound for the Housing Market
Davidson Home Group - Portland Real Estate Blog | Kurt Davidson
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4y ago
Pending Home Sales increased by 44.3% in May, registering the highest month-over-month gain in the index since the National Association of Realtors (NAR) started tracking this metric in January 2001. So, what exactly are pending home sales, and why is this rebound so important? According to NAR, the Pending Home Sales Index (PHS) is: “A leading indicator of housing activity, measures housing contract activity, and is based on signed real estate contracts for existing single-family homes, condos, and co-ops. Because a home goes under contract a month or two before it ..read more
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Think You Should For Sale By Owner? Think Again [INFOGRAPHIC]
Davidson Home Group - Portland Real Estate Blog | Kurt Davidson
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4y ago
Some Highlights  For Sale By Owner (FSBO) is the process of selling real estate without the representation of a real estate broker or real estate agent. According to the National Association of Realtors’ Profile of Home Buyers & Sellers, 35% of homeowners who decided to FSBO last year did so to avoid paying a commission or fee. But, homes sold with an agent net 6% more than those sold as a FSBO according to Collateral Analytics. Before you decide to take on the challenge of selling your house on your own, let’s connect to discuss your options. Contact me tod ..read more
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New Index Reveals Impact of COVID-19 on Real Estate
Davidson Home Group - Portland Real Estate Blog | Kurt Davidson
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4y ago
Gif by Astralon   Earlier this month, realtor.com announced the release of their initial Housing Recovery Index, a weekly guide showing how the pandemic has impacted the residential real estate market. The index leverages a weighted average of four key components of the housing industry, tracking each of the following: Housing Demand – Growth in online search activity Home Price – Growth in asking prices Housing Supply – Growth of new listings Pace of Sales – Difference in time-on-market The index then compares the current status “to the last wee ..read more
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Should We Be Looking at Unemployment Numbers Differently?
Davidson Home Group - Portland Real Estate Blog | Kurt Davidson
by
4y ago
Photo credit WMBD The New York Times recently ran an article regarding unemployment titled: Don’t Cheer Too Soon. Keep an Eye on the Core Jobless Rate. The piece suggests we should look at unemployment numbers somewhat differently. The author of the article, Jed Kolko, is a well-respected economist who is currently the Chief Economist at Indeed, the world’s largest online jobs site. Previously, he was Chief Economist and VP of Analytics at Trulia, the online real estate site. Kolko suggests “the coronavirus pandemic has br ..read more
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What Are the Experts Saying About Future Home Prices?
Davidson Home Group - Portland Real Estate Blog | Kurt Davidson
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4y ago
A worldwide pandemic and an economic recession have had a tremendous effect on the nation. The uncertainty brought about by both has made predicting consumer behavior nearly impossible. For that reason, forecasting home prices has become extremely difficult. Normally, there’s a simple formula to determine the future price of any item: calculate the supply of that item in ratio to the demand for that item. In housing right now, demand far exceeds supply. Mortgage applications to buy a home just rose to the highest level in 11 years while inventory of homes for sale is at (or near) a ..read more
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Homebuyers Are in the Mood to Buy Today
Davidson Home Group - Portland Real Estate Blog | Kurt Davidson
by
4y ago
  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 eager buyers can take advantage of this opportune time to sell as well. There’s a very positive outlook on interest rates going forward, as the projections from the FreddieMac report indicate continued lows into 2021: “Going forward, we forecast the 30-year fixed-rate mortgage to remain low, falli ..read more
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Celebrate Dad With These 7 Unique Father’s Day Activities You Can Do at Home
Davidson Home Group - Portland Real Estate Blog | Kurt Davidson
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4y ago
By Jennifer Kelly Geddes – Original article realtor.com Photo: cnn.com Graduations, birthdays, and holiday celebrations look a little different this year due to the novel coronavirus pandemic. OK, a lot different. Virtual events have filled the gaps, of course, but it can be hard to muster joy when you’re forced to celebrate at home. Still, the dear old Dad in your life deserves to be celebrated on Father’s Day, which means you might want to try to up the ante this year. Sure, breakfast in bed is great, but why not get creative and try a new activity that’ll ..read more
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