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Housing Market on Track to Beat Last Year’s Success

September 28, 2020 by bobelliot

Back in March, as the nation’s economy was shut down because of the coronavirus, many were predicting the real estate market would face a major collapse. Some forecasts called for a 15-20% decline in transactions. However, six months later, it seems as though the housing market has fully recovered. Mark Read More

Posted in Housing Market Tagged economy, pending sales

Homes Across the Country Are Selling Fast [INFOGRAPHIC]

September 18, 2020 by bobelliot

Some Highlights Buyers are actively searching for and purchasing homes at a record-breaking pace. According to the latest report from the National Association of Realtors (NAR), in July, 68% of homes were on the market for less than a month. With homes moving from listing day to pending sale in an average of just Read More

Posted in Home Selling Tagged home buyers, home sellers, pending sales

Homebuyer Demand Is Far Above Last Year’s Pace

September 3, 2020 by bobelliot

Homebuying has been on the rise over the past few months, with record-breaking sales powering through the market in June and July. Buyers are actively purchasing homes, and the momentum is continuing into the fall. It is, however, becoming harder for buyers to find homes to purchase. If you’ve been Read More

Posted in Home Buying Tagged pending sales, real estate

Best Time to Sell? When Competition Is at an All-Time Low

July 8, 2020 by bobelliot

  In a recent survey of home sellers by Qualtrics, 87% of respondents said they were concerned their home won’t sell because of the pandemic and resulting economic recession. Of the respondents, 51% said they are “seriously worried.” That concern seems reasonable considering the current condition of the economy. The Read More

Posted in Home Selling Tagged existing home sales, home seller, pending sales

Contact Us

Bob Elliot
eXp Realty
612.868.5500
bob@mnresteam.com
7700 France Ave S, Edina, MN
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