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Date Archives: November 2020

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November
24

It's the most wonderful time of the year! Our hearts are filled with so much thanks and even more giving. At Berkshire Hathaway HomeServices Bay Street Realty Group and Berkshire Hathaway HomeServices Cora Bett Thomas Realty, this season of giving always reminds us how thankful we are for the communities we are lucky enough to serve all year long. 

This year has proven to be difficult for everyone — but one silver lining has been the immense compassion and generosity that so many people have shown. Our agents' giving hearts have put together several philanthropic efforts throughout the lowcountry. 

Our Perry Street Office in Downtown Savannah, has teamed up with Safe Shelter and Savannah Area Board of Realtors to Adopt a Family this holiday season. The coats, clothes, purses, jewelry, and toys have already started filling up our office; and this sight couldn't make us happier. Since 1979, SAFE Shelter has been Savannah's only shelter dedicated to victims of intimate partner violence and their underage children. Their "Adopt a Family" program helps spread the joy of the holiday season to those that may not have otherwise been able to enjoy it! 

In Beaufort, we have partnered with HELP of Beaufort and organized a holiday toy drive! What says Christmas more than a child's smiling face when they receive a new toy from Santa? Our agents are collecting and donating new, unwrapped toys for our area's children in need. These toys will go to kids aged newborn to 16 and will be handed out by HELP of Beaufort. Since the early 70's, they have been striving to build healthy communities by providing education, a safety net, and creating opportunities for those most vulnerable.

Last but certainly not least, our Skidaway Office has organized donations of snacks and other daily needed items for The Landings heroic first responders. As many of us know, they apply for grants that cover their big ticket items (like gear and equipment), but that doesn't leave room for the day to day. So our agents are coming together to donate snacks, goods, and monetary donations for these local heroes. 

There's no better way to close out 2020, than by giving back in as many ways as we can. The lowcountry is a special place to call home, most especially because of the people who live here and their charitable hearts. We are proud to be a part of it! Interested in getting involved or learning more about any of our efforts? Please give our Georgia office 912-233-6000 or South Carolina office at 843-301-0013.

November
19

Click here to read our 3rd Quarter Newsletter for an overview of the Market on Fripp Island

November
18

Winter Will Bring a Flurry of Activity to the Housing Market

Winter Will Bring a Flurry of Activity to the Housing Market | MyKCM

In the second half of this year, the housing market surged with activity. Today, real estate experts are looking ahead to the winter season and the forecast is anything but chilly. As Lawrence Yun, Chief Economist for the National Association of Realtors (NAR), notes:

"It will be one of the best winter sales years ever."

The typical winter slowdown in the housing market is simply not on the radar. Here's why.

While today's historically low mortgage rates are expected to remain low, they won't be this low for much longer. This could be the last chance for homebuyers to secure such low rates, and they're ready to take action. In a recent article, Bankrate explained:

"If you're looking to buy a home…expect mortgage rates to remain low into 2021. However, the possibility of rates falling to 2.5 percent or lower has faded as the U.S. economy has rebounded."

As long as we continue to see low interest rates, we'll see hopeful buyers on the hunt for their dream homes. Yun confirmed:

"The demand for home buying remains super strong…And we're still likely to end the year with more homes sold overall in 2020 than in 2019…With persistent low mortgage rates and some degree of a continuing jobs recovery, more contract signings are expected in the near future."

The challenge, however, is the lack of homes available for sale. With that in mind, all eyes are on homeowners to see if they'll sell this winter or wait until spring. Danielle Hale, Chief Economist for realtor.com, says it's best for sellers to capitalize on this moment sooner rather than later:

"We currently see buyers sticking around in the housing market much later than we usually do this fall. If that trend continues, we will see more buyers in the market this winter, too. So, this winter is likely to be a good time to sell."

With buyers ready to stay active this winter, sellers who want to close a deal on the best possible terms shouldn't wait until spring to put their homes on the market.

Bottom Line

Experts agree the winter housing market could potentially be bigger than ever. Whether you're ready to buy or sell, let's connect today so you can be in your dream home by the new year.

November
3

Click here to read our 3rd Quarter Newsletter for an overview of the Market on Dataw Island. 

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