What Are the Experts Saying About Future Home Prices?

By Mary O'Neil

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…

New Index Reveals Impact of COVID-19 on Real Estate

By Mary O'Neil

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…

Homebuying Demand Rebound Amid Coronavirus Recession Highlights Wealth Divide

By Mary O'Neil

Homebuyers with secure, high-paying jobs and access to cash and credit take advantage of low mortgage rates, as job losses disproportionately affect low-income and Black workers, already excluded from homeownership. The impact of the coronavirus shutdowns on homebuyer demand has so far been short and muted, even in some of the cities that have been…

Prices of Affordable Homes Have Jumped 5.5% During the Pandemic

By Mary O'Neil

Low mortgage rates have attracted more buyers to the market—especially first-timers—amid a supply shortage that’s showing no signs of letting up. Meanwhile, prices of expensive homes have risen just 2%. Prices of the most affordable third of homes in the U.S. climbed 5.5% year over year during the 12 weeks ending May 31, while prices…

What’s Different About Condo Inspections?

By Mary O'Neil

A condo is, obviously, different from your traditional detached home. But often there’s much more than condo association fees, shared walls, and elevators that separate an apartment from a home — including what goes on before you ever reach the settlement table. Here’s what makes a Nashville condo inspection much different from any other home inspection…