Sterenborg Moorlag
  • Home
  • What’s New
  • Legal Disclaimer
  • Say Hi
Hot News
6 Mortgage and Real Estate Trends for the Third Quarter of 2020
Real Estate Tips for a First-Time Home Seller
35 Easy & Effective Real Estate Marketing Ideas
Tips For Succeeding As A Real Estate Agent

Tips For Succeeding As A Real Estate Agent

June 23, 2020August 11, 2020
How to Plan, Start, & Grow a Real Estate Business

How to Plan, Start, & Grow a Real Estate Business

April 19, 2020August 11, 2020
6 Mortgage and Real Estate Trends for the Third Quarter of 2020

6 Mortgage and Real Estate Trends for the Third Quarter of 2020

Real Estate Tips for a First-Time Home Seller
Real Estate Tips for a First-Time Home Seller
35 Easy & Effective Real Estate Marketing Ideas
35 Easy & Effective Real Estate Marketing Ideas

Recommended Posts

6 Mortgage and Real Estate Trends for the Third Quarter of 2020

6 Mortgage and Real Estate Trends for the Third Quarter of 2020

Destiny
August 12, 2020August 12, 2020 No Comments

The Coronavirus has altered a lot of the business trends, and the economy of the world has fallen flat. The...

Real Estate Tips for a First-Time Home Seller

Real Estate Tips for a First-Time Home Seller

August 11, 2020August 13, 2020
35 Easy & Effective Real Estate Marketing Ideas

35 Easy & Effective Real Estate Marketing Ideas

July 6, 2020August 11, 2020
Tips For Succeeding As A Real Estate Agent

Tips For Succeeding As A Real Estate Agent

June 23, 2020August 11, 2020
9 Smart Home-Buying Tips From Real Estate Experts

9 Smart Home-Buying Tips From Real Estate Experts

May 2, 2020August 11, 2020

Featured Posts

Real Estate Tips for a First-Time Home Seller

Real Estate Tips for a First-Time Home Seller

Destiny
August 11, 2020August 13, 2020 No Comments
35 Easy & Effective Real Estate Marketing Ideas

35 Easy & Effective Real Estate Marketing Ideas

Destiny
July 6, 2020August 11, 2020 No Comments

Latest From Our Blog

6 Mortgage and Real Estate Trends for the Third Quarter of 2020

August 12, 2020August 12, 2020
Real Estate Trends

The Coronavirus has altered a lot of the business trends, and the economy of the world has fallen flat. The US economy has recorded the highest jump in the rates of unemployment which has, in turn, led to low mortgage rates. This leaves us with nothing but the most significant uncertainty regarding the trends and mortgage values. This has caveated a lot of questions in everyone’s minds, regarding what’s next? Here are six real estate and mortgage trends that we can expect to see in the third quarter of 2020.

Trend 1: Holding up the house prices

The pandemic has not affected the US house prices much, and it still remains strong. When compared to the figures of May 2019, the sale of houses increased by 2.3% according to the National Association of Realtors. Although it was predicted to increase the inventory and the selling of houses will fall short to a bare minimum, the exact opposite has taken place. Although the increase in house prices is uncertain, there are predictions of a 6.65 fall in the price from May 2020 to May 2021.

Real Estate Trends

Trend 2: migration to suburbs

When we consider the entire country, the virus has affected the densely populated areas of the US, which includes Manhattan. Many real estate agents and the brokers have claimed that the increase in the percentage of people moving to the suburb areas from the densely populated areas has seen a sharp rise in the previous months.

Trend 3: Lower records for staying

when compared t the beginning of the year, the mortgage rates have fallen short in the month of June and reduced even more in July. Many of the economists, even predict that the following months will show a further decline in the mortgage rates, leading t the highest minimum.

Mortgage

Trend 4: home Shopping

The virtual tour of properties from home has increased the sales of the real estate many realtors claim that they have witnessed the customers spending thousands of dollar, even without stepping into the house they’re buying. The technological aid like 3D walkthrough and tours have eased the broker’s work to a greater extent.

This action is mainly taken to avoid unnecessary crowing in public l places and to prevent themselves from being quarantined for two weeks after the travel.

Trend 5: Paperless mortgage process

All of us know the importance of paperwork when we’re buying anything under the sun, especially property and houses. The norms of social distancing and six feet distance, the paperwork have gained importance leading to signatures taken remotely. People are astonished by how quickly the entire world has technological shifted to a digital world.

Mortgage Loan

Trend 6: Millenials

Millennials entered the job market at the time of recessions, that has basically depressed their earnings. This year a peak of the Millenials hit 30, resulting in ownership demands of properties and hoses. However, the current situation has turned the tables for most of them and threw water on heir plans.

Advertisement

Recent Posts

Real Estate Trends

6 Mortgage and Real Estate Trends for the Third Quarter of 2020

Destiny - Real Estate Trends
August 12, 2020August 12, 2020 No Comments

The Coronavirus has altered a lot of the business trends,...

Real Estate

Real Estate Tips for a First-Time Home Seller

August 11, 2020August 13, 2020
Ideas

35 Easy & Effective Real Estate Marketing Ideas

July 6, 2020August 11, 2020

Tips For Succeeding As A Real Estate Agent

June 23, 2020August 11, 2020

Categories

  • Agent
  • Business
  • Experts
  • Ideas
  • Real Estate Trends
  • Tips

Quick Links

  • Home
  • What’s New
  • Legal Disclaimer
  • Say Hi

Your Opinion

Copyright © 2020 Sterenborg Moorlag | All Rights Reserved. | Theme: OMag by LilyTurf Themes