luxury – Page 5 – The Markel Group

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

by markelgroupBlog, buying, Cheryl Markel, covid, investment, lending, luxury, market, new build, real estate, selling March 17, 2021March 17, 2021No Comments

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, …

What Is the #1 Financial Benefit of Homeownership?

by markelgroupBlog, buying, Cheryl Markel, investment, lending, luxury, market, new build, real estate, selling March 16, 2021March 16, 2021No Comments

There are many financial and non-financial benefits of homeownership, and the greatest financial one is wealth creation. Homeownership has always been the first rung on the ladder that leads to forming household wealth. As Freddie Mac explains: “Homeownership has cemented its role as part of the American Dream, providing families with a place that is their own and …

6 Simple Graphs Proving This Is Nothing Like Last Time

by markelgroupBlog, buying, Cheryl Markel, covid, election, foreclosure, investment, lending, luxury, market, new build, real estate, selling March 11, 2021March 11, 2021No Comments

Last March, many involved in the residential housing industry feared the market would be crushed under the pressure of a once-in-a-lifetime pandemic. Instead, real estate had one of its best years ever. Home sales and prices were both up substantially over the year before. 2020 was so strong that many now fear the market’s exuberance mirrors …

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

by markelgroupBlog, buying, Cheryl Markel, covid, election, foreclosure, investment, lending, luxury, market, new build, real estate, selling March 2, 2021March 2, 2021No Comments

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 …

3 Ways You’ll Win When You Buy a Home This Year

by markelgroupBlog, buying, Cheryl Markel, investment, luxury, market, real estate, selling February 17, 2021February 17, 2021No Comments

There are so many great reasons to purchase a home, and over the past year, we’ve realized more of them than we ever thought possible. If you’re a first-time homebuyer, having a home of your own can give you a greater sense of security and accomplishment in a time that’s largely uncertain. If you’re a …