[{"data":1,"prerenderedAt":-1},["ShallowReactive",2],{"$f3oy3zskevvpzy":3,"$ffeh0925h8cuz":49,"$f2emv3tus0uf1":53,"$fbwk2pqjjqsc7":57},{"item":4,"previous":37,"next":43},{"id":5,"slug":6,"title":7,"description":8,"excerpt":9,"contentType":10,"featuredImage":11,"bannerImage":9,"body":12,"agentsBottomLine":13,"bodyImage":9,"isInfographic":14,"categories":15,"isVideo":14,"videoThumbnail":9,"videoSource":9,"publishedAt":36,"updatedAt":36},1631,"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 \u003Ca href=\"https:\u002F\u002Fwww.nytimes.com\u002Finteractive\u002F2020\u002Fus\u002Fstates-reopen-map-coronavirus.html\">lift\u003C\u002Fa> throughout parts of the country, data indicates homebuyers are \u003Ca href=\"https:\u002F\u002Fwww.showingtime.com\u002Fimpact-of-coronavirus\u002F\">jumping back\u003C\u002Fa> 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.","","blog","https:\u002F\u002Ffiles.simplifyingthemarket.com\u002Fwp-content\u002Fuploads\u002F2020\u002F05\u002F26170618\u002F20200527-KCM-Share.jpg","With stay-at-home orders starting to gradually \u003Ca href=\"https:\u002F\u002Fwww.nytimes.com\u002Finteractive\u002F2020\u002Fus\u002Fstates-reopen-map-coronavirus.html\">lift\u003C\u002Fa> throughout parts of the country, data indicates homebuyers are \u003Ca href=\"https:\u002F\u002Fwww.showingtime.com\u002Fimpact-of-coronavirus\u002F\">jumping back\u003C\u002Fa> 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.\u003C!--more-->\r\n\r\n\u003Ca href=\"https:\u002F\u002Fwww.cnbc.com\u002F2020\u002F05\u002F20\u002Fweekly-mortgage-applications-point-to-remarkable-bounce-in-homebuying.html\">Joel Kan\u003C\u002Fa>, \u003Cem>Economist \u003C\u002Fem>at \u003Cem>The Mortgage Bankers Association (MBA)\u003C\u002Fem> notes:\r\n\u003Cblockquote>\u003Cem>“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.”\u003C\u002Fem>\u003C\u002Fblockquote>\r\nAdditionally, according to \u003Cem>Google Trends\u003C\u002Fem>, which scores search terms online, searches for \u003Ca href=\"https:\u002F\u002Ftrends.google.com\u002Ftrends\u002Fexplore?q=real%20estate&geo=US\">\u003Cem>real estate\u003C\u002Fem>\u003C\u002Fa> increased from 68 points the week of March 15\u003Csup>th\u003C\u002Fsup> to 92 points last week. As we can see, more potential homebuyers are looking for homes \u003Ca href=\"https:\u002F\u002Fwww.simplifyingthemarket.com\u002F2020\u002F04\u002F17\u002Fhow-technology-is-helping-buyers-navigate-the-home-search-process-infographic\u002F\">virtually\u003C\u002Fa>.\r\n\u003Ch4>\u003Cstrong>What’s the Opportunity for Buyers?\u003C\u002Fstrong>\u003C\u002Fh4>\r\nAnother reason buyers are coming back to the market, even with forced unemployment and stay-at-home orders, is historically low mortgage rates. Sam Khater, \u003Cem>Chief Economist\u003C\u002Fem> at \u003Cem>Freddie Mac \u003C\u002Fem>\u003Ca href=\"https:\u002F\u002Ffreddiemac.gcs-web.com\u002Fnode\u002F19846\u002Fpdf\">indicates\u003C\u002Fa>:\r\n\u003Cblockquote>\u003Cem>“For the fourth consecutive week, the 30-year fixed-rate mortgage has been below 3.30 percent, giving potential buyers a good reason to continue shopping even amid the pandemic…As states reopen, we’re seeing purchase demand improve remarkably fast, now essentially flat relative to a year ago.”\u003C\u002Fem>\u003C\u002Fblockquote>\r\nWith mortgage rates at such low levels and states gradually beginning to reopen, there’s more incentive than ever to buy a home this summer.\r\n\u003Ch4>\u003Cstrong>What’s the Opportunity for Sellers?\u003C\u002Fstrong>\u003C\u002Fh4>\r\nFinding a home to buy, however, is still a challenge, as this spring sellers removed many listings from the market. Though more people are now putting their houses up for \u003Ca href=\"http:\u002F\u002Fzillow.mediaroom.com\u002F2020-05-26-Coronavirus-Causes-Biggest-Annual-Rent-Growth-Slowdown-in-at-Least-Five-Years\">sale\u003C\u002Fa> this month as compared to last month, current inventory is still well below last year’s level.\r\n\r\nAccording to last week’s \u003Cem>Weekly Economic and Housing Market Update\u003C\u002Fem> from \u003Ca href=\"https:\u002F\u002Fwww.realtor.com\u002Fresearch\u002Fvideo-weekly-economic-and-housing-market-update-may-22-2020\u002F\">\u003Cem>realtor.com\u003C\u002Fem>\u003C\u002Fa>\u003Cem>:\u003C\u002Fem>\r\n\u003Cblockquote>\u003Cem>“Weekly Housing Inventory showed continued tightening. New Listings declined 28% compared with a year ago, as sellers grappled with uncertainty and hesitated bringing homes to market. Total Listings dropped 20% YoY, a faster rate than in prior weeks, leaving very few homes available for sale. As Time on Market was 15 days slower YoY, asking prices moved up 1.5% YoY.”\u003C\u002Fem>\u003Cem>\r\n\u003C\u002Fem>\u003C\u002Fblockquote>\r\nIf you’re thinking of selling your house this summer, now may be your best opportunity. With so few homes on the market for buyers to purchase, this season may be the time for your house to stand out from the crowd. Trusted real estate professionals can help you list \u003Ca href=\"https:\u002F\u002Fwww.simplifyingthemarket.com\u002F2020\u002F04\u002F22\u002Fkeys-to-selling-your-house-virtually\u002F\">safely and effectively\u003C\u002Fa>, keeping your family’s needs top of mind. Buyers are looking, and your house may be at the top of their list.\r\n\u003Ch3>\u003Cstrong>Bottom Line\u003C\u002Fstrong>\u003C\u002Fh3>\r\nIf you’re thinking of selling, many buyers may be eager to find a home just like yours. Let’s connect today to make sure you can get your house in on the action this summer.","\r\nIf you’re thinking of selling, many buyers may be eager to find a home just like yours. Let’s connect today to make sure you can get your house in on the action this summer.",false,[16,20,24,28,32],{"id":17,"name":18,"slug":19},5,"For Buyers","buyers",{"id":21,"name":22,"slug":23},6,"For Sellers","sellers",{"id":25,"name":26,"slug":27},11,"First-Time Buyers","first-time-buyers",{"id":29,"name":30,"slug":31},35,"Mortgage Rates","mortgage-rates",{"id":33,"name":34,"slug":35},38,"Move-Up","move-up","2020-05-27T10:00:38Z",{"id":38,"slug":39,"title":40,"featuredImage":41,"publishedAt":42,"contentType":10,"isVideo":14},1630,"buying-or-selling-a-home-you-need-an-expert-kind-of-guide","Buying or Selling a Home? You Need an Expert Kind of Guide","https:\u002F\u002Ffiles.simplifyingthemarket.com\u002Fwp-content\u002Fuploads\u002F2020\u002F05\u002F22145527\u002F20200526-KCM-Share.jpg","2020-05-26T10:00:28Z",{"id":44,"slug":45,"title":46,"featuredImage":47,"publishedAt":48,"contentType":10,"isVideo":14},1632,"economists-forecast-recovery-to-begin-in-the-second-half-of-2020","Economists Forecast Recovery to Begin in the Second Half of 2020","https:\u002F\u002Ffiles.simplifyingthemarket.com\u002Fwp-content\u002Fuploads\u002F2020\u002F05\u002F27155836\u002F20200528-KCM-Share.jpg","2020-05-28T10:00:46Z",{"cover":50,"open":51,"shareSpread":52},"https:\u002F\u002Ffiles.keepingcurrentmatters.com\u002FKeepingCurrentMatters\u002Fcontent\u002Fimages\u002F20260603\u002F2026-Summer-Buyers-Guide-Cover-original.png","https:\u002F\u002Ffiles.keepingcurrentmatters.com\u002FKeepingCurrentMatters\u002Fcontent\u002Fimages\u002F20260603\u002F2026-Summer-Buyers-Guide-Spread-original.png","https:\u002F\u002Ffiles.keepingcurrentmatters.com\u002FKeepingCurrentMatters\u002Fcontent\u002Fimages\u002F20260603\u002F2026-Summer-Buyers-Guide-Magazine-original.png",{"cover":54,"open":55,"shareSpread":56},"https:\u002F\u002Ffiles.keepingcurrentmatters.com\u002FKeepingCurrentMatters\u002Fcontent\u002Fimages\u002F20260603\u002F2026-Summer-Sellers-Guide-Cover-original.png","https:\u002F\u002Ffiles.keepingcurrentmatters.com\u002FKeepingCurrentMatters\u002Fcontent\u002Fimages\u002F20260603\u002F2026-Summer-Sellers-Guide-Spread-original.png","https:\u002F\u002Ffiles.keepingcurrentmatters.com\u002FKeepingCurrentMatters\u002Fcontent\u002Fimages\u002F20260603\u002F2026-Summer-Sellers-Guide-Magazine-original.png",[58,62,63,64,68,72,76,77,81,82,83,87,91,95,99,103,107,111,115,119,123,127,131,135,139,143,147,151,155,159],{"id":59,"name":60,"slug":61},1,"Uncategorized","uncategorized",{"id":17,"name":18,"slug":19},{"id":21,"name":22,"slug":23},{"id":65,"name":66,"slug":67},7,"Foreclosures","foreclosures",{"id":69,"name":70,"slug":71},8,"Infographics","infographics",{"id":73,"name":74,"slug":75},9,"Home Prices","home-prices",{"id":25,"name":26,"slug":27},{"id":78,"name":79,"slug":80},34,"Senior Market","senior-market",{"id":29,"name":30,"slug":31},{"id":33,"name":34,"slug":35},{"id":84,"name":85,"slug":86},41,"For Sale by Owner","for-sale-by-owner",{"id":88,"name":89,"slug":90},42,"Featured","featured",{"id":92,"name":93,"slug":94},45,"New Construction","new-construction",{"id":96,"name":97,"slug":98},52,"Luxury \u002F Vacation","luxury--vacation",{"id":100,"name":101,"slug":102},53,"Rent vs. Buy","rent-vs-buy",{"id":104,"name":105,"slug":106},80,"Time-sensitive","time-sensitive",{"id":108,"name":109,"slug":110},81,"Outdated","outdated",{"id":112,"name":113,"slug":114},147,"Internal","internal",{"id":116,"name":117,"slug":118},148,"Do Not Autopost","do-not-autopost",{"id":120,"name":121,"slug":122},320,"Inventory","inventory",{"id":124,"name":125,"slug":126},321,"Agent Value","agent-value",{"id":128,"name":129,"slug":130},322,"Affordability","affordability",{"id":132,"name":133,"slug":134},323,"Buying Tips","buying-tips",{"id":136,"name":137,"slug":138},324,"Downsize","downsize",{"id":140,"name":141,"slug":142},325,"Economy","economy",{"id":144,"name":145,"slug":146},326,"Equity","equity",{"id":148,"name":149,"slug":150},327,"Forecasts","forecasts",{"id":152,"name":153,"slug":154},328,"Selling Tips","selling-tips",{"id":156,"name":157,"slug":158},339,"Expired\u002FWithdrawn\u002FCanceled","expiredwithdrawncanceled",{"id":160,"name":161,"slug":162},340,"Price It Right\u002FOverpricing","price-it-rightoverpricing"]