REAL ESTATE UPDATES AUGUST 2020


		Robert Woehrle REAL ESTATE UPDATES

REAL ESTATE UPDATES AUGUST 2020

2020 has been a challenging year. With so much happening across the country, you might be wondering how the current crisis is impacting real estate trends.

Whether you’re selling, buying or staying put, here's a roundup of the latest.

Two reasons we won't see a rush of foreclosures this fall ...

There are two reasons we won't see a rush of foreclosures this fall: forbearance extension options and strong homeowner equity.

Thinking of Selling Your House? Now May be the Right Time ...

Inventory is well below what was available last year, and the houses that do come to the market are selling very quickly.

Buyer's Market

Summer home buying season is off to a roaring start. As buyers flooded into the market, realtor.com® saw a million unique users in June 2020, breaking May’s record of 85 million unique users. Realtor.com®'s daily traffic also hit its highest level ever of 7 million unique users on June 25, signaling that despite the global pandemic buyers are ready to make a purchase.

Those currently taking advantage of the increasing affordability that comes with historically low interest rates are winning big. According to Sam Khater, Chief Economist at Freddie Mac:

“The summer is heating up as record low mortgage rates continue to spur homebuyer demand.”

- Sam Khater, Chief Economist at Freddie Mac


		DID YOU KNOW?


	Why it’s called “real estate”

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Robert Woehrle

415-287-9100

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