Real Estate Agent shakes hands with seller

The average homeowner today stays in their home longer than they used to according to the real estate brokerage firm Redfin. In 2010 a typical homeowner stayed eight years in a home. In 2019, the average was 13 years. Longer homeownership helps drive increased homeowner equity. It is one of the bright spots of the 2020 real…

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Is Working from Home Changing Homebuyer Needs?

Working remotely has changed how Americans spend their time at home. The home office has taken on new meaning, and homeowners are no longer looking for a house with a room that can be used as a home office (kitchen, bedroom, or den). Spending extra time at home and the desire for more space, both…

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What Effect Will the Recession Have on the Housing Market?

The National Bureau of Economic Research (NBER) announced that the U.S. economy officially entered a recession in February 2020. According to the NBER, “A recession begins when the economy reaches a peak of economic activity and ends when the economy reaches its trough. Between trough and peak, the economy is in an expansion.” The February…

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