Johnigean Team – Michael Johnigean, PA

Housing Market Forecast 2021 & 2022: Is Crash Coming Next?

September 6, 2021by Johnigean Team

Record-low mortgage rates and shortage of inventory are keeping the US housing market strong as far as demand is considered. Home prices have been surging month-over-month breaking new records. While affordability issues worsen, low mortgage rates, growing…

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South Florida home sales dropped in June, but pending transactions are up

July 25, 2020by Johnigean Team

Miami-Dade and Broward experienced a dip in year-over-year residential transactions in June. But it’s not all gloom and doom: Pending sales increased year-over-year, a sign of activity increasing since April.The total number of home sales decreased by over 20% in…

Real Estate

Mortgage Rates Fall Below 3%

July 23, 2020by Johnigean Team

Some HighlightsMortgage rates hit another all-time low, falling below 3% this week.If you’re ready to buy a home, now is a great time to truly get more for your money at this historic moment.Reach out to a local…

Real Estate

Home Sales Hit a Record-Setting Rebound

June 28, 2020by Johnigean Team

With a worldwide health crisis that drove a pause in the economy this year, the housing market was greatly impacted. Many have been eagerly awaiting some bright signs of a recovery. Based on the latest Existing Home…

Real Estate

Two Reasons We Won’t See a Rush of Foreclosures This Fall

June 28, 2020by Johnigean Team

The health crisis we face as a country has led businesses all over the nation to reduce or discontinue their services altogether. This pause in the economy has greatly impacted the workforce and as a result, many…

Real Estate

A Remarkable Recovery for the Housing Market

June 28, 2020by Johnigean Team

For months now the vast majority of Americans have been asking the same question: When will the economy turn around? Many experts have been saying the housing market will lead the way to a recovery, and today we’re seeing…

Real Estate

Thinking of Selling Your House? Now May be the Right Time

June 28, 2020by Johnigean Team

Inventory is arguably the biggest challenge for buyers in today’s housing market. There are simply more buyers actively looking for homes to purchase than there are sellers selling them, so the scale is tipped in favor of…

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