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Chicago Real Estate Market 2020 Overview

Marco Santarelli

The sellers in Chicago have managed to hold good leverage in these negotiations in the past month. In 2018, the Chicago real estate appreciation rate was running at about half the national rate; at a 3 percent range when the nation was at 6 percent. Home sales in May declined at a steeper rate than in April.

Marketing 140
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Shift Happens: How Top Agents Survive (and Thrive) in a Turning Real Estate Market

Boom Town

Defined by the crushing great recession of 2008 and the subsequent steady rise to a booming seller’s market (fueled by sky-high home prices and stalled inventory growth), it’s been a wild ride. That gain would bring the net housing equity (home value minus mortgage outstanding) to over $15 trillion. Mortgage Interest Rates: Climbing.

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Miami Real Estate Market & Investment Overview 2020

Marco Santarelli

The buyers in Miami have managed to hold good leverage in these negotiations in the past month. According to Neigborhoodscout.com's statistics, the Miami real estate appreciated 96.54% over the last ten years, which is an average annual home appreciation rate of 6.99%, putting Miami in the top 10% nationally for real estate appreciation.

Marketing 127
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Housing Market 2020 Forecast: Will It Crash or Recover?

Marco Santarelli

Low mortgage rates, population growth, and an increase in buyer interest are further driving the demand for available housing. Record low mortgage rates are providing opportunities for buyers to lock-in low monthly mortgage payments for future years. Unsold inventory sits at a near 4.0-month percent in July.

Marketing 145
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Portland Real Estate Market And Investment Overview 2020

Marco Santarelli

The median sale price held steady from April ($424,000) to May ($425,000). month supply of homes for sale, which was steady with April 2020?s In the latest quarter, the real estate appreciation rate in Portland has been around 1.20%, which equates to an annual appreciation rate of 4.87%. In April, things improved a bit.

Marketing 127
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San Diego Real Estate Market & Investment Overview 2020

Marco Santarelli

Inventory is low, prices are rising, and pent-up demand alongside low mortgage rates has the market flooded with homebuyers. The sellers in San Deigo have managed to hold good leverage in these negotiations in the past month. But the median household income only rose by around 77% during that same 20-year time frame.

Marketing 138
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NYC Real Estate Market 2020 Overview

Marco Santarelli

June also marked the first noticeable year-over-year price contraction, coming in 2% below June 2019's median of $735,000. The median house sale price in New York City in Quarter 2 was $660K, up 7% year-over-year. Brooklyn sales activity contracted at the least sharp rate, recording only -21% Y-o-Y in H1.

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