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Ralph’s Blogs

Existing Home Sales Surge by 25.8% in November

Existing home sales fell in November, from October of this year, by 2.5%. But professionals are not translating this into a market slow-down. Most view the market measured on a year-over-year basis, which reflects the number of existing home sales skyrocketed 25.8%...

Goal Setting for 2021

One of the things that we can do in the closing days of 2020 to be more effective at work and in life for the coming year is to put together a set of goals. Distinguish between a goal and something on a to-do list. A task is something that we may have to perform in...

Soaring Home Prices Give Flippers Biggest Return 

The surge in residential real estate, especially in suburban and rural markets, has given home flippers a big boost to their bottom lines. Inventory shortages are not only benefiting sellers in this market but those individuals who were able to purchase distressed...

Homebuyer Demand Continues to Drive Prices

Chief Economist Danielle Hale reviews: The impact of the most recent jobless claims The signal for the economic recovery Inflation data Monetary and fiscal decisions that lie ahead The highlights from the November Rent report The effect of historic low mortgage rates...

Commercial Offices Coming Back, Residential Grows Stronger

As the pandemic wears on, it appears that commercial real estate agents are expecting a good part of their occupancy to return back to the city. Offices will no longer be crammed with lots of employees. Social distancing, Plexiglas and remote workers will comprise the...

Homeowner Equity Soars $1 Trillion

The most recent home equity report coming from CoreLogic indicates that for the third quarter 2020, U.S. homeowners increased in homeowner equity by $1 trillion. This is the highest amount ever recorded. Approximately 63% of all properties found equity to increase by...

Another Optimistic Forecast for 2021

The National Association of Realtors issued their forecast for 2021, Realtor.com 2021 Forecast for Key Housing Indicators Housing Indicator Realtor.com 2021 Forecast Mortgage Rates Average 3.2% throughout the year, 3.4% by end of year Existing Home Median Sales Price...

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