Michael R Balog

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So far Michael R Balog has created 407 blog entries.

Is the Health Crisis Driving Buyers Out of Urban Areas?

The pandemic has caused consumers to re-examine the components that make up the “perfect home.” Many families are no longer comfortable with the locations and layouts of their existing homes. The allure of city life (more congested) seems to be giving way to either suburban or rural life (less congested). The fascination with an open [...]

By |2020-07-02T08:31:17-04:00July 2nd, 2020|News, Trending Real Estate Topics|0 Comments

A Historic Rebound for the Housing Market

Pending Home Sales increased by 44.3% in May, registering the highest month-over-month gain in the index since the National Association of Realtors (NAR) started tracking this metric in January 2001. So, what exactly are pending home sales, and why is this rebound so important? According to NAR, the Pending Home Sales Index (PHS) is: “A [...]

By |2020-07-01T10:55:10-04:00July 1st, 2020|News, Trending Real Estate Topics|0 Comments

What Are Experts Saying About the Rest of 2020?

One of the biggest questions on everyone’s minds these days is: What’s going to happen to the housing market in the second half of the year? Based on recent data on the economy, unemployment, real estate, and more, many economists are revising their forecasts for the remainder of 2020 – and the outlook is extremely encouraging. [...]

By |2020-06-29T12:02:22-04:00June 29th, 2020|News, Trending Real Estate Topics|0 Comments

Should We Be Looking at Unemployment Numbers Differently?

The New York Times recently ran an article regarding unemployment titled: Don’t Cheer Too Soon. Keep an Eye on the Core Jobless Rate. The piece suggests we should look at unemployment numbers somewhat differently. The author of the article, Jed Kolko, is a well-respected economist who is currently the Chief Economist at Indeed, the world’s [...]

By |2020-06-24T08:17:05-04:00June 24th, 2020|News, Trending Real Estate Topics|0 Comments

What Are the Experts Saying About Future Home Prices?

A worldwide pandemic and an economic recession have had a tremendous effect on the nation. The uncertainty brought about by both has made predicting consumer behavior nearly impossible. For that reason, forecasting home prices has become extremely difficult. Normally, there’s a simple formula to determine the future price of any item: calculate the supply of [...]

By |2020-06-23T13:52:32-04:00June 23rd, 2020|News, Trending Real Estate Topics|0 Comments