A Historic Rebound for the Housing Market

A Historic Rebound for the Housing Market

Erica Wright Real Estate Leave a Comment

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: In real estate, pending home sales …

Are New Homes Going to Be Available to Buy This Year?

Are New Homes Going to Be Available to Buy This Year?

Erica Wright Real Estate Leave a Comment

In today’s economy, everyone seems to be searching for signs that a recovery is coming soon. Many experts agree that it may actually already be in motion or will be starting by the 3rd quarter of this year. With the housing market positioned to lead the way out of this recession, builder confidence might be a bright spark that gets …

What Are Experts Saying About the Rest of 2020

What Are Experts Saying About the Rest of 2020?

Erica Wright Real Estate Leave a Comment

One of the biggest questions on everyone’s minds these days is: What’s going to happen to the housing market in the second half of the year? Based on recent data on the economy, unemployment, real estate, and more, many economists are revising their forecasts for the remainder of 2020 – and the outlook is extremely encouraging. Here’s a look at …

New Index Reveals Impact of COVID-19 on Real Estate

New Index Reveals Impact of COVID-19 on Real Estate

Erica Wright Real Estate Leave a Comment

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: The index then compares the current status “to the last week of January 2020 …

Should We Be Looking at Unemployment Numbers Differently?

Should We Be Looking at Unemployment Numbers Differently?

Erica Wright Real Estate Leave a Comment

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, …

New Coming Soon Listing! Built in 1900, Historic West Chester Home!

Liz Heller Real Estate Leave a Comment

We are loving this home, which is coming to the market soon. ($1,125,000) This stunning 3 story home was built in 1900! It features 5 bedrooms, 3.5 baths, and 3,612 square feet! This property sits in the beautiful town of West Chester, with Hillsdale, Pierce, and Henderson schools! This home is in the classic Victorian style, true to its age. …

How The Beth and CJ Stein Team of Keller Williams Gives Back to the Community

Liz Heller Chester County , Real Estate Leave a Comment

We are so excited to have been featured in a shoutout by Margherita C. Amplo of MCA Consultants! See her kind words below!! “Beth and CJ Stein of The Beth and CJ Stein Team of Keller Williams have learned to pivot and shift their business as they consult with clients and sell homes through the Pandemic. Initially, their biggest concern for …

What Are the Experts Saying About Future Home Prices

What Are the Experts Saying About Future Home Prices?

Erica Wright Real Estate Leave a Comment

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 …