market – Page 47 – The Markel Group

Why It’s Important to Price Your House Right Today

by markelgroupBlog, Cheryl Markel, market, real estate, selling December 28, 2020December 28, 2020No Comments

Even in today’s sellers’ market, setting the right price for your house is one of the most valuable things you can do. According to the U.S. Economic Outlook by the National Association of Realtors (NAR), existing home prices nationwide are forecasted to increase by 4.5% in 2021. This means experts anticipate home values will continue climbing next year. Danielle Hale, Chief Economist for realtor.com, notes: …

The Difference a Year Makes for Homeownership

by markelgroupBlog, Cheryl Markel, investment, luxury, market, real estate December 22, 2020December 22, 2020No Comments

Over the past year, mortgage rates have fallen more than a full percentage point, hitting a new historic low 15 times. This is a great driver for homeownership, as today’s low rates provide consumers with some significant benefits. Here’s a look at three of them. 1. Move-up or Downsize: One option is to consider moving into a new …

The Do’s and Don’ts after Applying for a Mortgage

by markelgroupBlog, buying, lending, market, real estate December 22, 2020December 22, 2020No Comments

Once you’ve found the right home and applied for a mortgage, there are some key things to keep in mind before you close. You’re undoubtedly excited about the opportunity to decorate your new place, but before you make any large purchases, move your money around, or make any major life changes, consult your lender – …

Homeowner Equity Increases an Astonishing $1 Trillion

by markelgroupBlog, Cheryl Markel, investment, market, real estate December 22, 2020December 22, 2020No Comments

In a year that was financially devastating for many Americans, some good news for most homeowners is the dramatic gain in home equity over the last twelve months. Last week, CoreLogic released its 2020 3rd Quarter Homeowner Equity Insights report, which reveals four major findings: U.S. homeowners with mortgages have seen their equity increase by a total of $1 …

Are Home Prices Headed Toward Bubble Territory?

by markelgroupBlog, buying, Cheryl Markel, covid, investment, lending, market, new build, real estate, selling December 9, 2020December 9, 2020No Comments

Talk of a housing bubble is beginning to crop up as home prices have appreciated at a rapid pace this year. This is understandable since the appreciation of residential real estate is well above historic annual averages. According to the Federal Housing Finance Agency (FHFA), annual appreciation since 1991 has averaged 3.8%. Here are the latest 2020 appreciation numbers …