Mike Procissi's Blog Posts

Chances of Another Foreclosure Crisis? “About Zero Percent.”

Chances of Another Foreclosure Crisis? “About Zero Percent.”There seems to be some concern that the 2020 economic downturn will lead to another foreclosure crisis like the one we

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Why the 2021 Forecast Doesn’t Call for a Foreclosure Crisis

Why the 2021 Forecast Doesn’t Call for a Foreclosure CrisisAs the current forbearance mortgage relief options come to an end, many are wondering if we’ll face a foreclosure

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4 Reasons Why the Election Won’t Dampen the Housing Market

Tomorrow, Americans will decide our President for the next four years. That decision will have a major impact on many aspects of life in this country, but the residential real estate market will not

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How to Prepare for a Bidding War

Some HighlightsWith so few houses available on the market today, being ready for a bidding war is essential for prospective homebuyers.From pre-approval to making your best offer, here are three

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Mortgage Rates Hit Record Lows for Three Consecutive Weeks

Over the past several weeks, Freddie Mac has reported the average 30-year fixed mortgage rate dropping to record lows, all the way down to 3.03%. Last week’s reported rate

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Will the Housing Market Turn Around This Year?

Today, many people are asking themselves if they should buy or sell a home in 2020. Some have shifted their plans or put them on hold over the past couple of months, and understandably so. Everyone

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Why Home Equity Is a Bright Spark in the Housing Market

Why Home Equity Is a Bright Spark in the Housing MarketGiven how we have seen more unemployment claims than ever before over the past several weeks, fear is spreading widely. Some good news,,

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Confused About the Economic Recovery? Here’s Why.

Confused About the Economic Recovery? Here’s Why.As we continue to work through the health crisis that plagues this country, more and more conversations are turning to economic recovery. While

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What Impact Might COVID-19 Have on Home Values?

What Impact Might COVID-19 Have on Home Values?A big challenge facing the housing industry is determining what impact the current pandemic may have on home values. Some buyers are hoping for major

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Today’s Expert Insight on the Housing Market

Some HighlightsAccording to Lawrence Yun, Chief Economist at NAR, home prices are forecasted to rise.Results from the Existing Home Sales Report note that home sales

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Will This Economic Crisis Have a V, U, or L-Shaped Recovery?

Will This Economic Crisis Have a V, U, or L-Shaped Recovery?Many American businesses have been put on hold as the country deals with the worst pandemic in over one hundred years. As the states are

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The Pain of Unemployment: It Will Be Deep, But Not for Long

The Pain of Unemployment: It Will Be Deep, But Not for LongThere are two crises in this country right now: a health crisis that has forced everyone into their homes and a financial crisis caused by

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How Technology is Helping Buyers Navigate the Home Search Process

Some Highlights:A recent realtor.com survey revealed that buyers are still considering moving forward with the homebuying process, even if they can’t see the home in-person.While

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Today’s Homebuyers Want Lower Prices. Sellers Disagree.

Today’s Homebuyers Want Lower Prices. Sellers Disagree.The uncertainty the world faces today due to the COVID-19 pandemic is causing so many things to change. The way we interact, the way we

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What If I Need to Sell My Home Now? What Can I Do?

What If I Need to Sell My Home Now? What Can I Do?Every day that passes, people have a need to buy and sell homes. That doesn’t stop during the current pandemic. If you’ve had a major

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Will Surging Unemployment Crush Home Sales?

Will Surging Unemployment Crush Home Sales?Ten million Americans lost their jobs over the last two weeks. The next announced unemployment rate on May 8th is expected to be in the double digits.

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The Benefits of Growing Equity in Your Home

The Benefits of Growing Equity in Your HomeOver the last couple of years, we’ve heard quite a bit about rising home prices. Today, expert projections still forecast continued growth, just at a

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The #1 Misconception in the Homebuying Process

After over a year of moderating home prices, it appears home value appreciation is about to reaccelerate. Skylar Olsen, Director of Economic Research at Zillow, explained in a 

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Recession? Yes. Housing Crash? No.

Recession? Yes. Housing Crash? No.With over 90% of Americans now under a shelter-in-place order, many experts are warning that the American economy is heading toward a recession, if it’s not

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Homelight Top Negotiator Award

I have earned a Homelight Achievement for 2019.  Real estate agents earn this award when they rank in the top 5% of agnets in their area based on historical real estate transactions data.;

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The Most Popular Decor Trends in 2020

Go to FavoritesMost Popular Decor Trends In 2020When it comes to home decor, there are lots of styles to choose from, and their applications vary wildly from home to home.But did you know that

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2020 Flooring Trends

https://www.bestrealestateblog.com/top-flooring-trends-for-2020?m

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Rent or Buy? Which makes more sense for you?

Watch this video to find out:Rent or Buy? Which makes more sense for?

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November Update on the Market

Click below for an update on the latest update on what is happening in the market:https://www.youtube.com/watch?v=

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