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Home-buying activity in vacation home markets has been riding high off the pandemic-induced boom as experts say shifting buyer preferences helped sales surge.
“I think the pandemic is driving this demand for second homes,” says Gay Cororaton, senior economist and director of Housing and Commercial Research for the National Association of REALTORS® (NAR).
In today’s incredibly hot, turbulent market, homes can be swept out of your clients’ grasp by cash offers and/or higher bids in bidding wars. With so much uncertainty today, it’s critical that real estate professionals provide their clients products and services they can rely on. This is where HSASM Home Warranty comes in.
Mortgage applications decreased for the week ending July 16, according to the latest Weekly Mortgage Application Survey from the Mortgage Banker’s Association (MBA).
– The Market Composite Index decreased 4% on a seasonally adjusted basis compared to the preview week.
– Unadjusted, the index increased 20% compared to the previous week.
– The Refinance Index decreased 3% from the previous week and 18% YoY.
After nearly three decades of servicing the Lake Oswego community through a traditional John L. Scott office, the company is opening an office with a luxury focus, under the Exceptional Homes by John L. Scott brand.