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Weekly Real Estate Roundup – December 17

December 18, 2020

3 MINUTE READ

We are truly thankful to have you as a special part of our Reali family!

Reflecting on this year, we cannot overstate how incredibly grateful we are for our clients, agents and operations teams, who have all found so many ways to stay positive. To our clients and readers, we really mean it: no matter where you are in your buying or selling journey, we at Reali are always here to help you get where you’d like to be. With that, let’s round up what’s happening this week!

All-Cash Offer Hot Spots Claim the Spotlight

What’s this all about?

Comprising about 36% of the market, all-cash offers are rising nationwide, especially in the Northeast and West, where since last year, they’ve climbed 3 and 2 percentage points, respectively. What’s more, the price points at which all-cash offers are made has changed too, up 6% for homes $100k or less, and 3% in the next tier, $100-$200k.

What it means

All-cash offers are attractive to sellers because they’re easy and straightforward, as opposed to contingency offers, which may hinge factors beyond the buyer’s immediate control (such as securing a mortgage loan). This rise, located at the more affordable end of the market, likely reflects who’s buying. “While investors (who are more likely to use cash) are active in the market, non-corporate buyers, likely owner-occupants are a bigger chunk of buyers in this period, according to economist Danielle Hale. Reali recognizes this, and we’re here to help you!

The Fed Opts to Stand Pat on Economic Policies

What’s this all about?

Wednesday’s meeting of the Federal Reserve confirmed what many suspected: no rise in interest rates through 2023, meaning the zero-rate policy in place since last March isn’t budging. The Fed will continue to increase its holdings of Treasury securities by at least $80 billion per month and of agency mortgage-backed securities by at least $40 billion per month.

What it means

Unless inflation starts ticking up, these policies should hold for the foreseeable future, which is good news for housing, cars, and durable goods–all sectors of the economy boosted by the Fed’s lifelines. ‘Stay the Course,’ seems to be the Fed’s mantra going into 2021, as its board members (and we all) wait for winter to pass and vaccines to hasten the end of this challenging chapter in American life.

Holiday Theater, Right in your Living Room

From Dickens to Hans Christan Andersen, theaters everywhere are bringing their productions to you, this year.

14 Holiday Decoration Ideas from Around the World

Spruce up your decoration game with these fun ideas based on traditions from around the globe.

The Best Holiday Gifts for Bakers

Because the complex art of baking gets so much easier with the right set of tools.

 

What to do if You’re Alone this Christmas

With so many refraining from travel this holiday season, here are some pointers to keep your spirits up if you can’t be with family.

Don’t skip this

Happy Holidays everyone, and Cheers to new beginnings in 2021!

 

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