Kim Abbott

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What Do You Need To Know About Buying And Selling A Home During The COVID-19 Pandemic?

January 6, 2021 by Kim Abbott

For those who are thinking about buying or selling a home during the pandemic, they may feel like this is a difficult task. Even though it is true that this is going to be a challenge, people are able to increase their success rate by adapting to a new environment. When it comes to buying or selling a home during the pandemic, there are a few tips that everyone should keep in mind.Many Showings Are Going To Be VirtualMake sure that everyone is ready to provide a virtual tour or go on one themselves. Of course, everyone is currently living in an era of social … [Read more...]

Filed Under: Real Estate Tagged With: COVID19, Real Estate Tips, Virtual Purchase

What’s Ahead For Mortgage Rates This Week – December 21, 2020

December 21, 2020 by Kim Abbott

Last week’s scheduled economic reporting included readings from the National Association of Home Builders and a statement from the Federal Reserve’s Federal Open Market Committee. Weekly readings on mortgage rates and jobless claims were also released. NAHB: Builder Confidence Falls In December Homebuilder confidence in market conditions for single-family dropped by four points in December to an index reading of 86.  December’s reading was the second-highest on record after November’s reading. Component readings of the Housing Market Index also dropped. Builder … [Read more...]

Filed Under: Financial Reports Tagged With: COVID19, Financial Report, Jobless Claims

What’s Ahead For Mortgage Rates This Week – December 14, 2020

December 14, 2020 by Kim Abbott

Last week’s scheduled economic reporting included readings on inflation and consumer sentiment. Weekly readings on mortgage rates and jobless claims were also released. Inflation Rate Rises in November Inflation rose by 0.20 percent in November according to the federal government, but this reading fell short of the Federal Reserve’s goal of achieving 2.00 percent inflation annually. November’s year-over-year inflation rate was 1.20 percent. October’s inflation reading was flat and analysts expected inflation to grow by 0.10 percent in November. Core inflation, which … [Read more...]

Filed Under: Financial Reports Tagged With: COVID19, Economic News, Jobless Claims

What’s Ahead For Mortgage Rates This Week – November 16, 2020

November 16, 2020 by Kim Abbott

Last week’s economic reporting included readings on inflation and consumer sentiment along with weekly readings on mortgage rates and jobless claims. Federal Reserve Chair Jerome Powell and Federal Reserve Board members addressed economic expectations resulting from the COVID-19. Chair Powell said that there would be no quick fix for the economy and that the economy would suffer for four to six months until the pandemic slows. He also said that a COVID-19 vaccine would not be a panacea for the virus and said that “ the next few months could be challenging” as the virus … [Read more...]

Filed Under: Financial Reports Tagged With: COVID19, Financial Report, Jobless Claims

What’s Ahead For Mortgage Rates This Week – November 9, 2020

November 9, 2020 by Kim Abbott

Last week’s economic news included readings on construction spending, the Fed’s Federal Open Market Committee statement, and a press conference by Federal Reserve chairman Jerome Powell. Labor data on public and private sector jobs and the national unemployment rate were reported along with weekly readings on mortgage rates and jobless claims. Residential Developments Lead September Construction Spending High demand for homes continued to fuel home construction, but public and non-residential construction spending was slower according to the Commerce Department. Residential … [Read more...]

Filed Under: Financial Reports Tagged With: Case Shiller, COVID19, Jobless Claims

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Kim Abbott

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