The Fred Adams Group: Real estate Update

Real Estate Update

July 2020

Rates Drop During Your Lock Period? Here’s What to Do

Ouch. Mortgage rates yet again hit a record low, this according to the recent mortgage rate report from Freddie Mac. That’s good news for homebuyers and those who are refinancing (again). This is a drop of nearly 0.50% from just last month. That’s quite the dramatic fall. For those in the mortgage rate market, it’s really a good time to snag these current rates.

Home Equity Lines Of Credit On The Rise…But Can You Qualify?

The Coronavirus quarantine has you thinking about making upgrades to your home, and that has you thinking about tapping your equity to take out as a home equity loan (HELOC), right? If so, you’re part of a real estate trend that’s sweeping the nation right now.

Home Sales Down 34% Over Previous Year While Price Increases Remain

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How To Support Anti-racism With Your Home Buying Or Homeowner Dollars

The country was rocked by the murder of George Floyd on May 26, and protests have been erupting all over the world ever since. In the aftermath of Floyd’s death, many companies have spoken out to decry racism and commit their dollars—and their activism—to equality.

Hot Real Estate Alert: Home Flipping Hits 14-Year High

While the real estate market in general experiences a bit of chaos related to the Coronavirus pandemic and employment challenges, there is one segment of the market that is going strong. Home flipping is boasting its best numbers in 14 years.

Shape of the Current Market: Spring 2020

June Real Estate Roundup

Freddie Mac's results of its Primary Mortgage Market Survey® shows that "After the Great Recession, it took more than ten years for purchase demand to rebound to pre-recession levels, but in this crisis, it took less than ten weeks. The rebound in purchase demand partly reflects deferred sales as well as continued interest from prospective buyers looking to take advantage of the low mortgage rate environment."

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