SEXTON TEAM BLOG

Wednesday, August 19, 2020   /   by Amy Jacobs

Just How Strong Is the Housing Recovery?

Just How Strong Is the Housing Recovery?


The residential real estate market has definitely been the shining light in this country’s current economic situation. All-time low mortgage rates coupled with a new appreciation of what a home truly means has caused the housing market to push forward through this major health crisis. Let’s look at two measures that explain the resilience of the real estate market.
Purchase Mortgages
The number of buyers getting a mortgage to purchase a home is a strong indicator of the strength of a housing market. Below is a graph of the week-over-week percent change in that number, as reported by the Mortgage Bankers’ Association:The number dropped dramatically in March and mid-April when the economy was shut down in response to COVID. It increased substantially from later in April through the middle of June. The strong increase in May and June was the result of the pent-up demand from earlier in the spring al ...

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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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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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