[{"data":1,"prerenderedAt":-1},["ShallowReactive",2],{"$f2vmdvrscyhksy":3,"$ffeh0925h8cuz":38,"$fbwk2pqjjqsc7":42},{"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":14,"isInfographic":15,"categories":16,"isVideo":15,"videoThumbnail":9,"videoSource":9,"publishedAt":25,"updatedAt":25},1871,"will-the-housing-market-maintain-its-momentum","Will the Housing Market Maintain Its Momentum?","Last week’s \u003Ca href=\"https:\u002F\u002Fwww.nar.realtor\u002Fnewsroom\u002Fhousing-market-reaches-record-high-home-price-and-gains-in-march\">Existing Home Sales Report\u003C\u002Fa> from the \u003Cem>National Association of Realtors\u003C\u002Fem> (NAR) shows sales have dropped by 3.7% compared to the month before. This is the second consecutive month that sales have slumped. Some see this as evidence that the red-hot real estate market may be cooling. However, there could also be a simple explanation as to why existing home sales have slowed – \u003Cstrong>there aren’t enough homes to buy\u003C\u002Fstrong>. There are currently \u003Ca href=\"https:\u002F\u002Fcdn.nar.realtor\u002Fsites\u002Fdefault\u002Ffiles\u002Fdocuments\u002Fehs-03-2021-single-family-only-2021-04-22.pdf\">410,000\u003C\u002Fa> fewer single-family homes available for sale than there were at this time last year.","","blog","https:\u002F\u002Ffiles.simplifyingthemarket.com\u002Fwp-content\u002Fuploads\u002F2021\u002F04\u002F26121805\u002F20210427-KCM-Share.jpg","Last week’s \u003Ca href=\"https:\u002F\u002Fwww.nar.realtor\u002Fnewsroom\u002Fhousing-market-reaches-record-high-home-price-and-gains-in-march\">Existing Home Sales Report\u003C\u002Fa> from the \u003Cem>National Association of Realtors\u003C\u002Fem> (NAR) shows sales have dropped by 3.7% compared to the month before. This is the second consecutive month that sales have slumped. Some see this as evidence that the red-hot real estate market may be cooling. However, there could also be a simple explanation as to why existing home sales have slowed – \u003Cstrong>there aren’t enough homes to buy\u003C\u002Fstrong>. There are currently \u003Ca href=\"https:\u002F\u002Fcdn.nar.realtor\u002Fsites\u002Fdefault\u002Ffiles\u002Fdocuments\u002Fehs-03-2021-single-family-only-2021-04-22.pdf\">410,000\u003C\u002Fa> fewer single-family homes available for sale than there were at this time last year.\u003C!--more-->\r\n\r\nLawrence Yun, \u003Cem>Chief Economist \u003C\u002Fem>at NAR, explains in the report:\r\n\u003Cblockquote>\u003Cem>\"The sales for March would have been measurably higher, had there been more inventory. Days-on-market are swift, multiple offers are prevalent, and buyer confidence is rising.\"\u003C\u002Fem>\u003C\u002Fblockquote>\r\nYun’s insight was supported the next day when the \u003Cem>Census Bureau\u003C\u002Fem> released its \u003Ca href=\"https:\u002F\u002Fwww.census.gov\u002Fconstruction\u002Fnrs\u002Fpdf\u002Fnewressales.pdf\">Monthly New Residential Sales Report\u003C\u002Fa>. It shows that \u003Cstrong>newly constructed home sales are up 20.7% over the previous month.\u003C\u002Fstrong>\r\n\r\nBuyer demand remains strong. With more of the adult population becoming vaccinated and job creation data showing encouraging signs, existing-home inventory is expected to grow in the coming months.\r\n\u003Ch4>\u003Cstrong>What will this mean for home sales going forward?\u003C\u002Fstrong>\u003C\u002Fh4>\r\n\u003Ca href=\"https:\u002F\u002Fwww.fanniemae.com\u002Fmedia\u002F38961\u002Fdisplay\">\u003Cem>Fannie Mae\u003C\u002Fem>\u003C\u002Fa>, \u003Ca href=\"http:\u002F\u002Fwww.freddiemac.com\u002Fresearch\u002Fforecast\u002F20210414_quarterly_economic_forecast.page\">\u003Cem>Freddie Mac\u003C\u002Fem>\u003C\u002Fa>, and the \u003Ca href=\"https:\u002F\u002Fwww.mba.org\u002Fnews-research-and-resources\u002Fresearch-and-economics\u002Fforecasts-and-commentary\">\u003Cem>Mortgage Bankers Association\u003C\u002Fem>\u003C\u002Fa> (MBA) have all forecasted that total home sales (existing homes and new construction) will continue their momentum both this year and next. Here’s a graph showing those projections:\u003Ca href=\"https:\u002F\u002Ffiles.keepingcurrentmatters.com\u002Fwp-content\u002Fuploads\u002F2021\u002F04\u002F20210427-MEM-Eng-1.png\">\u003Cimg class=\"aligncenter wp-image-44270\" src=\"https:\u002F\u002Ffiles.keepingcurrentmatters.com\u002Fwp-content\u002Fuploads\u002F2021\u002F04\u002F20210427-MEM-Eng-1.png\" alt=\"Will the Housing Market Maintain Its Momentum? | Simplifying The Market\" width=\"650\" height=\"488\" \u002F>\u003C\u002Fa>\r\n\u003Ch3>\u003Cstrong>Bottom Line\u003C\u002Fstrong>\u003C\u002Fh3>\r\nLiving through a pandemic has caused many to re-evaluate the importance of a home and the value of homeownership. The residential real estate market will benefit from both as we move forward.","\r\nLiving through a pandemic has caused many to re-evaluate the importance of a home and the value of homeownership. The residential real estate market will benefit from both as we move forward.","https:\u002F\u002Ffiles.keepingcurrentmatters.com\u002Fwp-content\u002Fuploads\u002F2021\u002F04\u002F20210427-MEM-Eng-1.png",false,[17,21],{"id":18,"name":19,"slug":20},5,"For Buyers","buyers",{"id":22,"name":23,"slug":24},45,"New Construction","new-construction","2021-04-27T10:00:51Z",{"id":27,"slug":28,"title":29,"featuredImage":30,"publishedAt":31,"contentType":10,"isVideo":15},1870,"4-tips-to-maximize-the-sale-of-your-house","4 Tips to Maximize the Sale of Your House","https:\u002F\u002Ffiles.simplifyingthemarket.com\u002Fwp-content\u002Fuploads\u002F2021\u002F04\u002F22163524\u002F20210426-KCM-Share.jpg","2021-04-26T10:00:23Z",{"id":33,"slug":34,"title":35,"featuredImage":36,"publishedAt":37,"contentType":10,"isVideo":15},1872,"patience-is-the-key-to-buying-a-home-this-year","Patience Is the Key to Buying a Home This Year","https:\u002F\u002Ffiles.simplifyingthemarket.com\u002Fwp-content\u002Fuploads\u002F2021\u002F04\u002F27160508\u002F20210428-KCM-Share.jpg","2021-04-28T10:00:31Z",{"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",[43,47,48,52,56,60,64,68,72,76,80,84,88,89,93,97,101,105,109,113,117,121,125,129,133,137,141,145,149,153],{"id":44,"name":45,"slug":46},1,"Uncategorized","uncategorized",{"id":18,"name":19,"slug":20},{"id":49,"name":50,"slug":51},6,"For Sellers","sellers",{"id":53,"name":54,"slug":55},7,"Foreclosures","foreclosures",{"id":57,"name":58,"slug":59},8,"Infographics","infographics",{"id":61,"name":62,"slug":63},9,"Home Prices","home-prices",{"id":65,"name":66,"slug":67},11,"First-Time Buyers","first-time-buyers",{"id":69,"name":70,"slug":71},34,"Senior Market","senior-market",{"id":73,"name":74,"slug":75},35,"Mortgage Rates","mortgage-rates",{"id":77,"name":78,"slug":79},38,"Move-Up","move-up",{"id":81,"name":82,"slug":83},41,"For Sale by Owner","for-sale-by-owner",{"id":85,"name":86,"slug":87},42,"Featured","featured",{"id":22,"name":23,"slug":24},{"id":90,"name":91,"slug":92},52,"Luxury \u002F Vacation","luxury--vacation",{"id":94,"name":95,"slug":96},53,"Rent vs. Buy","rent-vs-buy",{"id":98,"name":99,"slug":100},80,"Time-sensitive","time-sensitive",{"id":102,"name":103,"slug":104},81,"Outdated","outdated",{"id":106,"name":107,"slug":108},147,"Internal","internal",{"id":110,"name":111,"slug":112},148,"Do Not Autopost","do-not-autopost",{"id":114,"name":115,"slug":116},320,"Inventory","inventory",{"id":118,"name":119,"slug":120},321,"Agent Value","agent-value",{"id":122,"name":123,"slug":124},322,"Affordability","affordability",{"id":126,"name":127,"slug":128},323,"Buying Tips","buying-tips",{"id":130,"name":131,"slug":132},324,"Downsize","downsize",{"id":134,"name":135,"slug":136},325,"Economy","economy",{"id":138,"name":139,"slug":140},326,"Equity","equity",{"id":142,"name":143,"slug":144},327,"Forecasts","forecasts",{"id":146,"name":147,"slug":148},328,"Selling Tips","selling-tips",{"id":150,"name":151,"slug":152},339,"Expired\u002FWithdrawn\u002FCanceled","expiredwithdrawncanceled",{"id":154,"name":155,"slug":156},340,"Price It Right\u002FOverpricing","price-it-rightoverpricing"]