[{"data":1,"prerenderedAt":-1},["ShallowReactive",2],{"$f1boo0f1pe3lk4":3,"$ffeh0925h8cuz":38,"$f2emv3tus0uf1":42,"$fbwk2pqjjqsc7":46},{"item":4,"previous":26,"next":32},{"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":24,"updatedAt":25},1695,"builders-realtors-agree-real-estate-is-back","Builders & Realtors Agree: Real Estate Is Back","When shelter-in-place orders brought the economy to a screeching halt earlier this year, many believed the residential housing market would follow suit. Countless analysts predicted buyer demand would disappear and home values would depreciate for the first time in almost a decade. That, however, didn’t happen. It appears the opposite is taking place.","","blog","https:\u002F\u002Ffiles.simplifyingthemarket.com\u002Fwp-content\u002Fuploads\u002F2020\u002F08\u002F24123132\u002F20200825-KCM-Share.jpg","When shelter-in-place orders brought the economy to a screeching halt earlier this year, many believed the residential housing market would follow suit. Countless analysts predicted buyer demand would disappear and home values would depreciate for the first time in almost a decade. That, however, didn’t happen. It appears the opposite is taking place.\u003C!--more-->\r\n\r\nAfter the bottom fell out of the real estate market immediately following the shutdown, it has come roaring back – and seems to still be gaining steam. Here’s a look at two recent reports – one from the \u003Cem>National Association of Home Builders\u003C\u002Fem> (NAHB) and one from the \u003Cem>National Association of Realtors\u003C\u002Fem> (NAR) – showing this growing strength.\r\n\u003Ch4>\u003Cstrong>Builder Confidence Hits All-Time High\u003C\u002Fstrong>\u003C\u002Fh4>\r\nLast week, it was \u003Ca href=\"http:\u002F\u002Fwww.mba.org\u002F2020-press-releases\u002Faugust\u002Fjuly-new-home-purchase-mortgage-applications-increased-39-percent-year-over-year\">reported\u003C\u002Fa> that applications for new home purchases with home builders were \u003Cstrong>39% higher than in July of 2019\u003C\u002Fstrong>. That has builder confidence soaring.\r\n\r\nEach month, NAHB releases its \u003Ca href=\"http:\u002F\u002Fnahbnow.com\u002F2020\u002F08\u002Fbuilder-confidence-matches-all-time-high-on-record-traffic\u002F\">Housing Market Index\u003C\u002Fa>, a survey of NAHB members who rate market conditions for the sale of new homes at the present time and over the next six months, as well as prospective buyer traffic for new homes.\r\n\r\nThis month, they reported that builder confidence in the market for newly-built single-family homes increased to the highest reading in the 35-year history of the series. NAHB\u003Cem> Chairman\u003C\u002Fem>, Chuck Fowke, explained:\r\n\u003Cblockquote>\u003Cem>“The demand for new single-family homes continues to be strong, as low interest rates and a focus on the importance of housing has stoked buyer traffic to all-time highs…Housing has clearly been a bright spot during the pandemic and the sharp rebound in builder confidence over the summer has led NAHB to upgrade its forecast for single-family starts, which are now projected to show only a slight decline for 2020.”\u003C\u002Fem>\u003C\u002Fblockquote>\r\nThe number of newly constructed homes being built will be almost at the same level as last year, even though the economic shutdown crushed home building earlier in the year.\r\n\u003Ch4>\u003Cstrong>Existing Homes Are Also Selling Like Hotcakes\u003C\u002Fstrong>\u003C\u002Fh4>\r\nLast Friday, NAR released its \u003Ca href=\"https:\u002F\u002Fwww.nar.realtor\u002Fnewsroom\u002Fexisting-home-sales-continue-record-pace-soar-24-7-in-july\">Existing Home Sales Report\u003C\u002Fa>. The report revealed that \u003Cstrong>month-over-month sales\u003C\u002Fstrong> \u003Cstrong>increased by 24.7%, \u003C\u002Fstrong>setting another record for the category. The \u003Cem>Wall Street Journal\u003C\u002Fem> \u003Ca href=\"https:\u002F\u002Fwww.wsj.com\u002Farticles\u002Fu-s-existing-home-sales-rose-24-7-in-july-from-june-11598018897?mod=djemalertNEWS\">reported\u003C\u002Fa> that the increase crushed expert forecasts:\r\n\u003Cblockquote>\u003Cem>“Economists surveyed by The Wall Street Journal expected a 14.2% monthly increase in sales of previously-owned homes, which make up most of the housing market.”\u003C\u002Fem>\u003C\u002Fblockquote>\r\nHome sales increased by 8.7% year-over-year.\r\n\r\nLawrence Yun, \u003Cem>Chief Economist\u003C\u002Fem> for NAR, explained how the resale market is just as hot as the new construction market:\r\n\u003Cblockquote>\u003Cem>“The housing market is well past the recovery phase and is now booming with higher home sales compared to the pre-pandemic days. With the sizable shift in remote work, current homeowners are looking for larger homes and this will lead to a secondary level of demand even into 2021.”\u003C\u002Fem>\u003C\u002Fblockquote>\r\nIn addition, the \u003Ca href=\"https:\u002F\u002Fwww.simplifyingthemarket.com\u002F2020\u002F06\u002F25\u002Fnew-index-reveals-impact-of-covid-19-on-real-estate\u002F\">Housing Market Recovery Index\u003C\u002Fa>, which is released monthly by \u003Cem>realtor.com\u003C\u002Fem>, also showed the market is recovering nicely. The \u003Ca href=\"https:\u002F\u002Fwww.realtor.com\u002Fresearch\u002Fhousing-market-recovery-index\u002F\">latest index\u003C\u002Fa> reading was 104.8, which means the housing market is doing better than it was in January and February of this year. As a reference, the highest point in the index was a 106.5 in early March, just prior to the health crisis setting in.\r\n\u003Ch3>\u003Cstrong>Bottom Line\u003C\u002Fstrong>\u003C\u002Fh3>\r\nBoth the newly constructed and existing home sale markets are posting numbers greater than a year ago. Real estate is back. If you’re thinking of buying or selling, let’s connect so you have the expert counsel you need along the way.","\r\nBoth the newly constructed and existing home sale markets are posting numbers greater than a year ago. Real estate is back. If you’re thinking of buying or selling, let’s connect so you have the expert counsel you need along the way.",false,[16,20],{"id":17,"name":18,"slug":19},5,"For Buyers","buyers",{"id":21,"name":22,"slug":23},6,"For Sellers","sellers","2020-08-25T10:00:32Z","2020-08-25T10:01:08Z",{"id":27,"slug":28,"title":29,"featuredImage":30,"publishedAt":31,"contentType":10,"isVideo":14},1694,"the-top-reasons-people-are-moving-this-year","The Top Reasons People Are Moving This Year","https:\u002F\u002Ffiles.simplifyingthemarket.com\u002Fwp-content\u002Fuploads\u002F2020\u002F08\u002F21162555\u002F20200824-KCM-Share.jpg","2020-08-24T10:00:24Z",{"id":33,"slug":34,"title":35,"featuredImage":36,"publishedAt":37,"contentType":10,"isVideo":14},1696,"should-you-buy-an-existing-home-or-new-construction","Should You Buy an Existing Home or New Construction?","https:\u002F\u002Ffiles.simplifyingthemarket.com\u002Fwp-content\u002Fuploads\u002F2020\u002F08\u002F25103214\u002F20200826-KCM-Share.jpg","2020-08-26T10:00:24Z",{"cover":39,"open":40,"shareSpread":41},"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":43,"open":44,"shareSpread":45},"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",[47,51,52,53,57,61,65,69,73,77,81,85,89,93,97,101,105,109,113,117,121,125,129,133,137,141,145,149,153,157],{"id":48,"name":49,"slug":50},1,"Uncategorized","uncategorized",{"id":17,"name":18,"slug":19},{"id":21,"name":22,"slug":23},{"id":54,"name":55,"slug":56},7,"Foreclosures","foreclosures",{"id":58,"name":59,"slug":60},8,"Infographics","infographics",{"id":62,"name":63,"slug":64},9,"Home Prices","home-prices",{"id":66,"name":67,"slug":68},11,"First-Time Buyers","first-time-buyers",{"id":70,"name":71,"slug":72},34,"Senior Market","senior-market",{"id":74,"name":75,"slug":76},35,"Mortgage Rates","mortgage-rates",{"id":78,"name":79,"slug":80},38,"Move-Up","move-up",{"id":82,"name":83,"slug":84},41,"For Sale by Owner","for-sale-by-owner",{"id":86,"name":87,"slug":88},42,"Featured","featured",{"id":90,"name":91,"slug":92},45,"New Construction","new-construction",{"id":94,"name":95,"slug":96},52,"Luxury \u002F Vacation","luxury--vacation",{"id":98,"name":99,"slug":100},53,"Rent vs. Buy","rent-vs-buy",{"id":102,"name":103,"slug":104},80,"Time-sensitive","time-sensitive",{"id":106,"name":107,"slug":108},81,"Outdated","outdated",{"id":110,"name":111,"slug":112},147,"Internal","internal",{"id":114,"name":115,"slug":116},148,"Do Not Autopost","do-not-autopost",{"id":118,"name":119,"slug":120},320,"Inventory","inventory",{"id":122,"name":123,"slug":124},321,"Agent Value","agent-value",{"id":126,"name":127,"slug":128},322,"Affordability","affordability",{"id":130,"name":131,"slug":132},323,"Buying Tips","buying-tips",{"id":134,"name":135,"slug":136},324,"Downsize","downsize",{"id":138,"name":139,"slug":140},325,"Economy","economy",{"id":142,"name":143,"slug":144},326,"Equity","equity",{"id":146,"name":147,"slug":148},327,"Forecasts","forecasts",{"id":150,"name":151,"slug":152},328,"Selling Tips","selling-tips",{"id":154,"name":155,"slug":156},339,"Expired\u002FWithdrawn\u002FCanceled","expiredwithdrawncanceled",{"id":158,"name":159,"slug":160},340,"Price It Right\u002FOverpricing","price-it-rightoverpricing"]