SEXTON TEAM BLOG

Wednesday, June 24, 2020   /   by Ed Sexton

Why This Summer Is the 2020 Real Estate Season

Why This Summer Is the 2020 Real Estate Season





With stay-at-home orders starting to gradually lift throughout parts of the country, data indicates homebuyers are jumping back into the market. After many families put their plans on hold due to the COVID-19 pandemic, what we once called the busy spring real estate season is shifting into the summer. In 2020, summer is the new spring for real estate.
Joel Kan, Economist at The Mortgage Bankers Association (MBA) notes:
“Applications for home purchases continue to recover from April’s sizable drop and have now increased for five consecutive weeks…Government purchase applications, which include FHA, VA, and USDA loans, are now 5 percent higher than a year ago, which is an encouraging turnaround after the weakness seen over the past two months.”
Additionally, according to Google Trends, which scores search terms online, searches for real estate incre ...

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Wednesday, June 24, 2020   /   by Ed Sexton

What Are the Experts Saying About Future Home Prices?

What Are the Experts Saying About Future Home Prices?





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 the demand for that item. In housing right now, demand far exceeds supply. Mortgage applications to buy a home just rose to the highest level in 11 years while inventory of homes for sale is at (or near) an all-time low. That would usually indicate strong appreciation for home values as we move throughout the year.
Some experts, however, are not convinced the current rush of purchasers is sustainable. Ralph McLaughlin, Chief Economist at Haus, explained in their June 2020 Hausing Market Forecast why ther ...

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Wednesday, June 24, 2020   /   by Ed Sexton

Homebuyers Are in the Mood to Buy Today

Homebuyers Are in the Mood to Buy Today





According to the latest FreddieMac Quarterly Forecast, mortgage interest rates have fallen to historically low levels this spring and they’re projected to remain low. This means there’s a huge incentive for buyers who are ready to purchase. And homeowners looking for eager buyers can take advantage of this opportune time to sell as well.
There’s a very positive outlook on interest rates going forward, as the projections from the FreddieMac report indicate continued lows into 2021:
“Going forward, we forecast the 30-year fixed-rate mortgage to remain low, falling to a yearly average of 3.4% in 2020 and 3.2% in 2021.”
 With mortgage rates hovering at such compelling places, ongoing buyer interest is bound to keep driving the housing market forward. Rates also reached another record low last week, so homebuyers are in what FreddieMac is identifying as the b ...

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Monday, June 15, 2020   /   by Ed Sexton

Home Warranty and Home Insurance. What is the difference?

When purchasing a new home, it’s important to do in-depth research on all facets of the home buying process. One thing you’ll need to understand is how to best protect yourself and your investment if anything were to go wrong. Check out the information on home insurance versus home warranty below to educate yourself on your options.


Home Insurance
Homeowners insurance pays for any accidental damages and loss that are caused by fire, lightning strikes, windstorms, and hail, however, damage from earthquakes and floods is typically not covered. It also covers the replacement of personal property in case of theft or damage and liability if a person were to get injured in your home or on your property. According to American Home Shield, the average annual cost of a homeowner's insurance policy ranges between $300 and $1,000, and the bank usually asks you to obtain a policy before the mortgage is issued. Make sure to keep in mind that each type of coverage in the policy is ...

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Monday, May 11, 2020   /   by Ed Sexton

So You Have to Move During a Pandemic ….

The turn of the decade brought more changes than any of us ever anticipated, stay at home orders, social distancing, travel restrictions, and wearing masks to name a few.  The basic functions that we have to perform are all still there but the “how” is different. 
My first Real Estate Broker would say, “every realtor should have to sell or buy a house every year just so they understand exactly what their clients go through”. I would add “and move” to that statement. Punctuate it with, “during a Pandemic”,  and you have a whole lot of new “How’s”.
My wife Brooke and I just moved and yes, we did it during the current COVID -19 Pandemic. So we bring some recent practical experience to the table and hopefully a bit of information that can help you effectively plan how you will move and what precautions to take, or at least think about. 



Where are you moving and what restrictions are in place in ...

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The Sexton Property Group at Keller Williams Realty Yuma
Ed Sexton
2553 East 24th St
Yuma, AZ 85365
Daniel Jackson
Senior Loan Officer
NMLS# 169485
Office: 928-726-7266
Cell: 928-550-8744
Fax: 928-792-2231
Daniel.Jackson@novahomeloans.com

Daniel Jackson NMLS #169485 | Nova Home Loans NMLS #3087 | BK#0902429 | Equal Housing Opportunity

This data is provided by the Yuma Association of REALTORS®, Inc. Multiple Listing Service. Real Estate listings held by brokerage firms other than Keller Williams Realty Yuma are marked with the Broker Reciprocity (SM) logo or the Broker Reciprocity thumbnail logo. This information is deemed reliable, but not guaranteed.
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