Laura Hirschman at Compass Real Estate

Economists on and off Wall Street say homeownership is the primary means by which Americans accumulate wealth. Home equity allows Americans to pay for college and cover medical expenses without going deep into debt, fund retirement, and pass on wealth to the next generation. (WSJ) With historically low interest rates and the home space being more important than ever to our daily lives, this is a perfect time to begin building equity! #realestate #homepurchase #homebuyer #homesales #realestatemarket #homeequity #wealth #wealthmanagement #compass #agentsofcompass

Roughly 5.6 million existing homes were sold in the U.S. in 2020 that generated approximately $1.9 trillion in transaction value. About $95 billion in commissions were paid from these transactions, and the median residential real estate transaction leads to roughly $85,000 of economic impact. (NAR) Not bad for a countrywide lockdown. People are making having the right home more important than ever- Let's find yours together! #Realtor #realestate #home #homepurchase #homesale #marketwatch #compass #agentsofcompass

Michael's stock price is up around 300% in one year indicating renewed interest in hobbies.....is the hobby room the next best building/home amenity that could separate humans from their screens? Let's find you a home that supports your hobbies! #marketwatch #stocks #michaels #artsandcrafts #hobbies #home #homepurchase #luxuryrealestate #nyrealestate #realestate #compass #agentsofcompass

Over the past month, the average rent for a studio apartment in New York increased by 8% to $2,150. The average rent for a 1-bedroom apartment increased by 6% to $2,490/month. Interest and prices are creeping up quickly! Let's lock in your lease and take advantage of the opportunity while its still here! (Forbes) #rent #rentalmarket #realestate #landlords #development #leases #NYCrealestate #marketwatch #agentsofcompass #compass

This year may have kicked off with the lowest mortgage interest rates in history, but the record lows aren't going to last. Rates are now starting to climb and are expected to continue heading higher throughout 2021. Just in the past weeks, mortgage rates rose to the highest point since August 2020. The average interest rate on a 30-year fixed-rate mortgage went up to 2.97%, almost half a percent lower than a year ago. The 15-year fixed-rate mortgage rose to 2.34%. It marked the biggest one-week move since last March when the pandemic was beginning to unfold. (CNN) #realestate #marketwatch #cnn #finance #nyrealestate #mortgagerates #homelending #Homepurchase #compass #agentsofcompass #interestrate .

I'm down in Sunny Florida in my second home and market this week! Fun fact: A typical luxury home in West Palm Beach spent 115 days on the market in the 4th quarter of 2020, 46 days less than in 2019. Sales volume was up over 100%! Considering a move down south? Lets talk! https://buff.ly/2ClifwZ... #realestate #luxuryrealestate #home #homepurchase #homesales #marketreport #Florida #floridarealestate #Palmbeach #wellness #sunshine #vitaminD #beach #compass #agentsofcompass

How do YOU manage stress? According to Deepak Chopra 95% of chronic illness is related to stress, anxiety, depression, and inflammation, and is potentially preventable and reversible. Stress is the interpretation of a physical, psychological, or emotional threat that sends your body into sympathetic overdrive and causes inflammation. Your home should be a sanctuary in which to de-stress and there are great tools to help do that! Did you know I am a certified yoga and medit...ation teacher as well as a real estate expert? It's my mission to help guide you home, inside and out. Reach out to schedule a lesson and lower your stress. For more yoga, meditation, and wellness inspiration follow me on Instagram @laughoutlaura! #home #wellness #stress #yoga #meditation #health #realestate #homegym #homestudio #yogateacher #meditationteacher #compass #agentsofcompass

Shout out to my fellow Millennialsadults born from 1981 to 1996 (72.1 million of them)represent the largest share (38%) of homebuyers in the U.S and wealthy millennials are attracted to large properties. Wealth amongst this set is coming from finance and tech-fueled new wealth creation, inheritance, and business creation. Unlike prior generations, they are buying homes later in life, and because of this they are buying the larger kind of homes traditionally associated with a second or third purchase as buyers 'climb the ladder'. This generation is more educated, more tech-savvy, and more likely to be beneficiaries of the largest wealth redistribution in history. (Bloomberg) #wealth #realestate #millenials #homepurchase #compass #property #finance #home #homevalue #wellness #technology #agentsofcompass

About 56% of buyers faced off against a competing bid in January, an increase from 52.5% in December. It's becoming a tough market for buyers looking to capitalize on the low interest rates. Working with a buyer's agent is free and has countless benefits that end up saving you TONS of money and priceless amounts of time and energy. Reach out for a copy of my Buyer's Guide and to find out how we can work together to find your dream home! #realestate #wellness #finance #home #nyc #newyork #compass #homepurchase #mortgage #biddingwar #interestrates #agentsofcompass #marketreport

Manhattan's January signed contract volume was the highest it's been since 2014 and we've seen more and more activity since! Contact me for a copy of the latests in depth market reports in your area! #realestate #wellness #finance #home #nyc #newyork #compass #agentsofcompass #marketreport

Unlike the real estate boom that led to the Great Recession, the current nationwide price spike is not being fueled by a wholesale collapse in lender ethics. There aren't any low-doc or no-doc loans to be had and borrowers are having to do much more than fog a mirror to get funding. (USA Today) https://buff.ly/3rpmjAf

Economists and housing experts say mortgage lending standards will likely loosen in 2021, despite the increased risk of delinquencies ahead. (Housingwire)

Fitch analysts estimate that home prices are 5.5% overvalued nationally as of the fourth quarter of 2020. Among the 20 largest metro areas nationwide, Las Vegas was the most overvalued according to their estimates. Four states were rated as having undervalued housing markets: Connecticut, Illinois, Michigan, and New Jersey......all states negatively impacted by the SALT tax deduction cap that is under re-evaluation right now...... (Marketwatch)