bidding wars

2020 Will See the Return of Bidding Wars

Redfin has come out with its new predictions for the 2020 housing market with the expectations that bidding wars will return after an 18-month hiatus. What does that mean for the real estate market? Daryl Fairweather, Redfin Chief Economist stated: “Low mortgage rates started to revitalize the market at the end of this summer, but we won’t see their full …

interest rates

Fed Cuts Interest Rates – It’s a Great Time to Buy a New Home!

Fox Business reported in a recent article that the Federal Reserves cut interest rates on Wednesday for the first time since the start of the financial recession more than a decade ago, hoping to preserve the 11-year economic expansion.  During its two-day meeting, the Federal Open Market Committee voted to ease the benchmark federal funds rate by 25 basis points.